M&T Bank Corp Acquires 678 Shares of HSBC Holdings plc (NYSE:HSBC)

M&T Bank Corp lifted its position in HSBC Holdings plc (NYSE:HSBC) by 0.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 115,454 shares of the financial services provider’s stock after purchasing an additional 678 shares during the quarter. M&T Bank Corp’s holdings in HSBC were worth $5,710,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Bank of Montreal Can grew its holdings in shares of HSBC by 124.3% in the 3rd quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider’s stock worth $7,820,000 after purchasing an additional 94,991 shares during the last quarter. Wealthstar Advisors LLC acquired a new position in HSBC during the 4th quarter worth about $664,000. Entropy Technologies LP acquired a new position in HSBC during the 4th quarter worth about $701,000. Ritholtz Wealth Management lifted its position in HSBC by 12.3% during the 4th quarter. Ritholtz Wealth Management now owns 141,108 shares of the financial services provider’s stock worth $6,979,000 after buying an additional 15,510 shares in the last quarter. Finally, Perigon Wealth Management LLC acquired a new position in HSBC during the 4th quarter worth about $244,000. Institutional investors own 1.48% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HSBC. StockNews.com downgraded shares of HSBC from a “hold” rating to a “sell” rating in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft downgraded shares of HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Royal Bank of Canada reiterated a “sector perform” rating on shares of HSBC in a research report on Monday, February 3rd. Finally, Barclays upgraded shares of HSBC from an “equal weight” rating to an “overweight” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, HSBC currently has a consensus rating of “Hold”.

HSBC Stock Performance

HSBC stock opened at $58.06 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69. HSBC Holdings plc has a 1 year low of $36.93 and a 1 year high of $61.88. The company has a market cap of $207.12 billion, a PE ratio of 9.36, a PEG ratio of 1.05 and a beta of 0.51. The company’s 50-day moving average is $53.30 and its two-hundred day moving average is $48.27.

HSBC (NYSE:HSBC) last released its earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.04. HSBC had a net margin of 16.17% and a return on equity of 12.20%. The company had revenue of $11.56 billion for the quarter, compared to the consensus estimate of $13.79 billion. Equities analysts anticipate that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be given a $1.80 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 12.40%. HSBC’s dividend payout ratio is 115.81%.

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.