Generali Investments CEE investicni spolecnost a.s. Takes $6.41 Million Position in HSBC Holdings plc (NYSE:HSBC)

Generali Investments CEE investicni spolecnost a.s. acquired a new stake in HSBC Holdings plc (NYSE:HSBC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 129,493 shares of the financial services provider’s stock, valued at approximately $6,405,000.

Several other hedge funds and other institutional investors have also modified their holdings of HSBC. Crossmark Global Holdings Inc. lifted its position in HSBC by 15.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 500,547 shares of the financial services provider’s stock worth $22,620,000 after acquiring an additional 67,941 shares in the last quarter. Meritage Portfolio Management lifted its position in HSBC by 28.9% during the 3rd quarter. Meritage Portfolio Management now owns 301,813 shares of the financial services provider’s stock worth $13,639,000 after acquiring an additional 67,617 shares in the last quarter. Addison Advisors LLC increased its holdings in HSBC by 33.1% during the 3rd quarter. Addison Advisors LLC now owns 1,940 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 482 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in HSBC by 5.5% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 10,217 shares of the financial services provider’s stock worth $462,000 after purchasing an additional 535 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC increased its holdings in HSBC by 4.3% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 8,268 shares of the financial services provider’s stock worth $374,000 after purchasing an additional 341 shares during the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

HSBC Price Performance

Shares of NYSE HSBC opened at $58.06 on Friday. HSBC Holdings plc has a twelve month low of $36.93 and a twelve month high of $61.88. The company has a market capitalization of $207.12 billion, a price-to-earnings ratio of 9.36, a price-to-earnings-growth ratio of 1.05 and a beta of 0.51. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69. The business has a 50 day simple moving average of $53.30 and a 200-day simple moving average of $48.27.

HSBC (NYSE:HSBC) last released 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 return on equity of 12.20% and a net margin of 16.17%. The business had revenue of $11.56 billion during the quarter, compared to analyst estimates of $13.79 billion. As a group, equities research analysts expect that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Dividend Announcement

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