Cwm LLC Has $7.21 Million Stake in HSBC Holdings plc (NYSE:HSBC)

CWM LLC lifted its holdings in HSBC Holdings plc (NYSE:HSBC - Free Report) by 3,518.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 177,835 shares of the financial services provider's stock after purchasing an additional 172,920 shares during the quarter. CWM LLC's holdings in HSBC were worth $7,209,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Milestone Investment Advisors LLC bought a new position in HSBC during the third quarter valued at about $26,000. Assetmark Inc. bought a new position in HSBC during the third quarter valued at about $30,000. Paradigm Asset Management Co. LLC bought a new position in HSBC during the third quarter valued at about $39,000. Fifth Third Bancorp boosted its stake in HSBC by 34.0% during the third quarter. Fifth Third Bancorp now owns 1,321 shares of the financial services provider's stock valued at $52,000 after buying an additional 335 shares in the last quarter. Finally, Clear Street Markets LLC bought a new position in HSBC during the third quarter valued at about $58,000. Institutional investors own 1.48% of the company's stock.

HSBC Stock Up 0.7 %

NYSE HSBC traded up $0.28 during trading on Tuesday, reaching $41.90. 1,583,673 shares of the company's stock were exchanged, compared to its average volume of 2,257,151. HSBC Holdings plc has a fifty-two week low of $34.89 and a fifty-two week high of $42.47. The firm has a market capitalization of $158.43 billion, a PE ratio of 7.35, a P/E/G ratio of 0.95 and a beta of 0.63. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.62. The company's fifty day simple moving average is $39.40 and its 200-day simple moving average is $39.09.

HSBC (NYSE:HSBC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.90 by ($0.33). HSBC had a return on equity of 12.89% and a net margin of 19.02%. The firm had revenue of $13.02 billion for the quarter. Sell-side analysts predict that HSBC Holdings plc will post 7.24 EPS for the current year.

HSBC Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Friday, March 8th will be paid a dividend of $1.55 per share. The ex-dividend date is Thursday, March 7th. This is an increase from HSBC's previous quarterly dividend of $0.50. This represents a $6.20 dividend on an annualized basis and a dividend yield of 14.80%. HSBC's dividend payout ratio (DPR) is 108.42%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on HSBC shares. Barclays reiterated an "equal weight" rating on shares of HSBC in a research report on Wednesday, March 27th. BNP Paribas lowered HSBC from a "neutral" rating to an "underperform" rating in a research report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, HSBC presently has a consensus rating of "Hold" and a consensus price target of $811.00.

HSBC Company Profile

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.