Horizon Investments LLC Raises Stock Holdings in HSBC Holdings plc (NYSE:HSBC)

Horizon Investments LLC increased its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,302 shares of the financial services provider’s stock after purchasing an additional 245 shares during the quarter. Horizon Investments LLC’s holdings in HSBC were worth $856,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Berbice Capital Management LLC acquired a new stake in HSBC in the 4th quarter worth about $25,000. Venturi Wealth Management LLC boosted its position in shares of HSBC by 58.2% in the fourth quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 210 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in HSBC in the fourth quarter valued at approximately $30,000. Larson Financial Group LLC increased its position in HSBC by 138.5% during the third quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 450 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in HSBC during the fourth quarter worth approximately $49,000. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

HSBC Price Performance

HSBC stock opened at $58.82 on Thursday. The stock has a 50-day simple moving average of $54.53 and a 200-day simple moving average of $49.04. The firm has a market cap of $209.45 billion, a P/E ratio of 9.49, a price-to-earnings-growth ratio of 1.05 and a beta of 0.51. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88. HSBC Holdings plc has a 1 year low of $38.35 and a 1 year high of $61.88.

HSBC (NYSE:HSBC) last posted its quarterly earnings data 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 analyst estimates of $13.79 billion. On average, equities analysts predict that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 7th will be given a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 12.24%. The ex-dividend date of this dividend is Friday, March 7th. HSBC’s payout ratio is 115.81%.

Analyst Upgrades and Downgrades

HSBC has been the subject of a number of research analyst reports. Royal Bank of Canada restated a “sector perform” rating on shares of HSBC in a report on Monday, February 3rd. StockNews.com upgraded HSBC from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft cut HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Barclays raised shares of HSBC from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 4th. Finally, UBS Group reissued a “neutral” rating on shares of HSBC in a research report 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

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.