International Assets Investment Management LLC Invests $1.96 Million in HSBC Holdings plc (NYSE:HSBC)

International Assets Investment Management LLC bought a new position in HSBC Holdings plc (NYSE:HSBC - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 48,405 shares of the financial services provider's stock, valued at approximately $1,962,000.

A number of other large investors also recently made changes to their positions in HSBC. Fifth Third Bancorp increased its position in shares of HSBC by 34.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,321 shares of the financial services provider's stock valued at $52,000 after purchasing an additional 335 shares during the last quarter. Lake Street Advisors Group LLC boosted its stake in HSBC by 1.4% in the third quarter. Lake Street Advisors Group LLC now owns 28,179 shares of the financial services provider's stock valued at $1,112,000 after acquiring an additional 393 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of HSBC by 6.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,216 shares of the financial services provider's stock valued at $324,000 after acquiring an additional 464 shares during the period. Pinnacle Wealth Planning Services Inc. increased its stake in shares of HSBC by 6.0% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 8,256 shares of the financial services provider's stock worth $326,000 after purchasing an additional 469 shares during the last quarter. Finally, Drive Wealth Management LLC raised its holdings in shares of HSBC by 11.0% in the 4th quarter. Drive Wealth Management LLC now owns 5,952 shares of the financial services provider's stock worth $241,000 after purchasing an additional 589 shares during the period. 1.48% of the stock is owned by institutional investors.

HSBC Price Performance

HSBC stock traded up $0.38 during midday trading on Monday, reaching $43.98. 1,269,155 shares of the stock were exchanged, compared to its average volume of 2,184,010. The company's fifty day moving average is $40.58 and its 200-day moving average is $39.47. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.96 and a current ratio of 0.96. HSBC Holdings plc has a 52 week low of $35.30 and a 52 week high of $45.46. The firm has a market cap of $166.32 billion, a PE ratio of 7.59, a PEG ratio of 0.98 and a beta of 0.58.

HSBC (NYSE:HSBC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.33). The business had revenue of $13.02 billion for the quarter. HSBC had a net margin of 16.13% and a return on equity of 10.80%. On average, sell-side analysts forecast that HSBC Holdings plc will post 6.77 EPS for the current year.

HSBC Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date is Thursday, May 9th. HSBC's payout ratio is 34.14%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. BNP Paribas lowered HSBC from a "neutral" rating to an "underperform" rating in a research note on Tuesday, January 16th. Barclays reiterated an "equal weight" rating on shares of HSBC in a research note on Wednesday, March 27th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $761.75.

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.