Yousif Capital Management LLC Increases Stock Holdings in HSBC Holdings plc (NYSE:HSBC)

Yousif Capital Management LLC lifted its position in HSBC Holdings plc (NYSE:HSBC) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,308 shares of the financial services provider’s stock after acquiring an additional 3,200 shares during the quarter. Yousif Capital Management LLC’s holdings in HSBC were worth $2,769,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HSBC. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in shares of HSBC by 167.4% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 842,864 shares of the financial services provider’s stock valued at $33,259,000 after acquiring an additional 527,677 shares in the last quarter. American Century Companies Inc. grew its stake in HSBC by 39.4% in the 3rd quarter. American Century Companies Inc. now owns 698,250 shares of the financial services provider’s stock valued at $27,553,000 after purchasing an additional 197,283 shares during the period. CWM LLC increased its position in shares of HSBC by 3,518.2% during the 4th quarter. CWM LLC now owns 177,835 shares of the financial services provider’s stock valued at $7,209,000 after purchasing an additional 172,920 shares during the last quarter. QRG Capital Management Inc. purchased a new position in shares of HSBC in the 3rd quarter worth about $6,706,000. Finally, Ramirez Asset Management Inc. bought a new position in HSBC during the third quarter valued at about $4,384,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Wall Street Analysts Forecast Growth

HSBC has been the topic of several research reports. BNP Paribas lowered shares of HSBC from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 16th. Barclays reissued an “equal weight” rating on shares of HSBC in a report on Wednesday, March 27th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $811.00.

HSBC Stock Performance

HSBC stock opened at $42.19 on Tuesday. The firm has a fifty day simple moving average of $39.55 and a two-hundred day simple moving average of $39.13. HSBC Holdings plc has a twelve month low of $35.30 and a twelve month high of $42.47. The company has a market capitalization of $159.53 billion, a PE ratio of 7.40, a P/E/G ratio of 0.99 and a beta of 0.63. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.62.

HSBC (NYSE:HSBC) last announced its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.33). HSBC had a return on equity of 12.89% and a net margin of 19.02%. The company had revenue of $13.02 billion during the quarter. Research analysts expect that HSBC Holdings plc will post 7.24 EPS for the current year.

HSBC Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Friday, March 8th were paid a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a dividend yield of 14.70%. This is an increase from HSBC’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Thursday, March 7th. HSBC’s dividend payout ratio is 108.42%.

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.