HSBC Holdings plc (NYSE:HSBC) Position Increased by Savant Capital LLC

Savant Capital LLC raised its position in HSBC Holdings plc (NYSE:HSBC) by 5.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,574 shares of the financial services provider’s stock after buying an additional 279 shares during the quarter. Savant Capital LLC’s holdings in HSBC were worth $226,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Milestone Investment Advisors LLC acquired a new stake in shares of HSBC in the 3rd quarter valued at $26,000. Assetmark Inc. bought a new position in HSBC during the third quarter valued at about $30,000. Addison Advisors LLC lifted its position in shares of HSBC by 74.8% in the fourth quarter. Addison Advisors LLC now owns 895 shares of the financial services provider’s stock worth $36,000 after buying an additional 383 shares during the last quarter. Paradigm Asset Management Co. LLC bought a new stake in shares of HSBC during the 3rd quarter worth about $39,000. Finally, Fifth Third Bancorp increased its holdings in shares of HSBC by 34.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,321 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 335 shares during the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Stock Up 0.4 %

Shares of HSBC stock opened at $44.98 on Wednesday. The stock has a 50 day moving average of $40.26 and a 200-day moving average of $39.34. The firm has a market cap of $170.10 billion, a PE ratio of 7.76, a price-to-earnings-growth ratio of 1.00 and a beta of 0.58. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.51. HSBC Holdings plc has a 12 month low of $35.30 and a 12 month high of $45.28.

HSBC (NYSE:HSBC) last issued its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.33). HSBC had a net margin of 16.13% and a return on equity of 10.80%. The company had revenue of $13.02 billion during the quarter. On average, equities analysts predict that HSBC Holdings plc will post 6.77 EPS for the current year.

HSBC Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 10th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, May 9th. This represents a $2.00 annualized dividend and a yield of 4.45%. HSBC’s dividend payout ratio is 106.55%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HSBC shares. Barclays restated an “equal weight” rating on shares of HSBC in a report on Wednesday, March 27th. BNP Paribas downgraded shares of HSBC from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $761.75.

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.