Quantinno Capital Management LP Purchases 43,978 Shares of HSBC Holdings plc (NYSE:HSBC)

Quantinno Capital Management LP increased its holdings in HSBC Holdings plc (NYSE:HSBC - Free Report) by 24.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 223,886 shares of the financial services provider's stock after purchasing an additional 43,978 shares during the period. Quantinno Capital Management LP's holdings in HSBC were worth $11,073,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC boosted its position in shares of HSBC by 18.1% during the fourth quarter. FMR LLC now owns 2,883,238 shares of the financial services provider's stock worth $142,605,000 after acquiring an additional 441,033 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of HSBC by 52.0% during the 4th quarter. Northern Trust Corp now owns 2,781,307 shares of the financial services provider's stock valued at $137,563,000 after purchasing an additional 951,050 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of HSBC by 4.5% in the fourth quarter. American Century Companies Inc. now owns 937,065 shares of the financial services provider's stock worth $46,347,000 after purchasing an additional 40,388 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of HSBC by 2.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 514,642 shares of the financial services provider's stock worth $25,454,000 after buying an additional 14,095 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake in HSBC by 26.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 401,960 shares of the financial services provider's stock valued at $19,881,000 after buying an additional 85,104 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HSBC. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of HSBC in a report on Monday, February 3rd. StockNews.com raised shares of HSBC from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft cut shares of HSBC from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Barclays raised HSBC from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, March 4th. Finally, UBS Group reaffirmed a "neutral" rating on shares of HSBC in a research note on Thursday, March 6th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, HSBC currently has a consensus rating of "Moderate Buy".

HSBC Trading Up 0.4%

Shares of HSBC stock traded up $0.22 during trading on Tuesday, hitting $59.89. The stock had a trading volume of 674,567 shares, compared to its average volume of 1,725,959. The stock has a market cap of $211.67 billion, a PE ratio of 9.66, a PEG ratio of 1.05 and a beta of 0.53. HSBC Holdings plc has a 12 month low of $39.42 and a 12 month high of $61.88. The firm's fifty day simple moving average is $55.20 and its 200-day simple moving average is $52.32. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.96.

HSBC (NYSE:HSBC - Get Free Report) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.35. HSBC had a return on equity of 12.20% and a net margin of 16.17%. The business had revenue of $17.74 billion during the quarter, compared to analyst estimates of $16.60 billion. As a group, sell-side analysts expect that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, May 12th will be given a dividend of $0.495 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a dividend yield of 3.5%. HSBC's dividend payout ratio (DPR) is 36.33%.

About HSBC

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.