Brandes Investment Partners LP Buys 30,296 Shares of HSBC Holdings plc (NYSE:HSBC)

Brandes Investment Partners LP increased its position in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 124.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,705 shares of the financial services provider's stock after purchasing an additional 30,296 shares during the period. Brandes Investment Partners LP's holdings in HSBC were worth $2,218,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in HSBC. Milestone Investment Advisors LLC acquired a new position in HSBC in the 3rd quarter valued at $26,000. Assetmark Inc. bought a new stake in shares of HSBC during the 3rd quarter worth $30,000. Addison Advisors LLC lifted its position in shares of HSBC by 74.8% during the 4th quarter. Addison Advisors LLC now owns 895 shares of the financial services provider's stock worth $36,000 after buying an additional 383 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of HSBC by 38.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 940 shares of the financial services provider's stock worth $38,000 after buying an additional 263 shares during the last quarter. Finally, Fifth Third Bancorp lifted 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 worth $52,000 after buying an additional 335 shares during the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Barclays restated an "equal weight" rating on shares of HSBC in a research report on Wednesday, March 27th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $761.75.

HSBC Trading Up 0.9 %

HSBC stock traded up $0.39 during trading hours on Tuesday, hitting $44.58. The stock had a trading volume of 1,208,394 shares, compared to its average volume of 2,159,363. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.51. The stock has a market cap of $168.59 billion, a price-to-earnings ratio of 7.69, a P/E/G ratio of 1.07 and a beta of 0.58. HSBC Holdings plc has a one year low of $35.30 and a one year high of $45.46. The business's 50 day simple moving average is $41.33 and its 200-day simple moving average is $39.81.

HSBC (NYSE:HSBC - Get Free Report) last posted its earnings results on Tuesday, April 30th. The financial services provider reported $1.70 EPS for the quarter. The firm had revenue of $20.75 billion during the quarter. HSBC had a return on equity of 10.80% and a net margin of 16.13%. On average, equities analysts predict that HSBC Holdings plc will post 6.35 EPS for the current fiscal 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 paid a $0.50 dividend. The ex-dividend date is Thursday, May 9th. This represents a $2.00 annualized dividend and a dividend yield of 4.49%. HSBC's payout ratio is 34.14%.

HSBC 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.