Grantham Mayo Van Otterloo & Co. LLC Has $23.83 Million Stock Position in HSBC Holdings plc $HSBC

Grantham Mayo Van Otterloo & Co. LLC lifted its position in HSBC Holdings plc (NYSE:HSBC) by 9.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 335,746 shares of the financial services provider’s stock after buying an additional 29,631 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in HSBC were worth $23,831,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bridgewater Advisors Inc. grew its stake in HSBC by 1.9% in the third quarter. Bridgewater Advisors Inc. now owns 8,186 shares of the financial services provider’s stock valued at $589,000 after acquiring an additional 153 shares during the period. AE Wealth Management LLC raised its position in shares of HSBC by 2.2% during the third quarter. AE Wealth Management LLC now owns 7,531 shares of the financial services provider’s stock worth $535,000 after purchasing an additional 162 shares during the period. Addison Advisors LLC lifted its holdings in shares of HSBC by 6.6% during the 3rd quarter. Addison Advisors LLC now owns 2,629 shares of the financial services provider’s stock valued at $187,000 after purchasing an additional 163 shares in the last quarter. TIAA Trust National Association grew its position in shares of HSBC by 3.7% in the 3rd quarter. TIAA Trust National Association now owns 4,718 shares of the financial services provider’s stock valued at $335,000 after purchasing an additional 169 shares during the period. Finally, Moors & Cabot Inc. increased its stake in HSBC by 2.7% during the 2nd quarter. Moors & Cabot Inc. now owns 7,152 shares of the financial services provider’s stock worth $435,000 after purchasing an additional 189 shares in the last quarter. 1.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on HSBC. Morgan Stanley began coverage on shares of HSBC in a research note on Wednesday, January 14th. They issued an “equal weight” rating on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of HSBC in a report on Monday, December 29th. Keefe, Bruyette & Woods raised shares of HSBC from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, December 17th. Bank of America raised shares of HSBC from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 10th. Finally, Citigroup reissued a “buy” rating on shares of HSBC in a research note on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $63.00.

HSBC Trading Down 1.9%

NYSE:HSBC opened at $84.11 on Monday. The company has a market cap of $288.92 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 0.91 and a beta of 0.50. HSBC Holdings plc has a twelve month low of $45.66 and a twelve month high of $94.79. The business has a 50 day moving average price of $85.46 and a two-hundred day moving average price of $75.49. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.62.

HSBC (NYSE:HSBC) last posted its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($1.23). HSBC had a net margin of 16.07% and a return on equity of 13.10%. The business had revenue of $17.72 billion during the quarter, compared to analyst estimates of $17.01 billion. As a group, analysts expect that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Friday, March 13th will be paid a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 10.7%. The ex-dividend date is Friday, March 13th. This is an increase from HSBC’s previous quarterly dividend of $0.50. HSBC’s dividend payout ratio (DPR) is presently 32.73%.

HSBC Company Profile

HSBC Holdings plc (NYSE: HSBC) is a multinational banking and financial services organization headquartered in London. It traces its origins to the Hongkong and Shanghai Banking Corporation, founded in 1865 to facilitate trade between Europe and Asia, and has since grown into one of the world’s largest banking groups. The company is publicly listed in multiple markets, including the London Stock Exchange, the Hong Kong Stock Exchange and as an American depositary receipt on the New York Stock Exchange.

HSBC operates a universal banking model, serving retail, commercial, corporate and institutional clients.