Russell Investments Group Ltd. Has $1.25 Million Stock Holdings in HSBC Holdings plc (NYSE:HSBC)

Russell Investments Group Ltd. lessened its position in shares of HSBC Holdings plc (NYSE:HSBC) by 17.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 25,250 shares of the financial services provider’s stock after selling 5,167 shares during the quarter. Russell Investments Group Ltd.’s holdings in HSBC were worth $1,249,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Wealthstar Advisors LLC acquired a new position in shares of HSBC during the fourth quarter worth approximately $664,000. Entropy Technologies LP acquired a new position in HSBC during the fourth quarter worth $701,000. Ritholtz Wealth Management increased its position in shares of HSBC by 12.3% during the fourth quarter. Ritholtz Wealth Management now owns 141,108 shares of the financial services provider’s stock worth $6,979,000 after acquiring an additional 15,510 shares in the last quarter. Orion Portfolio Solutions LLC raised its holdings in shares of HSBC by 23.2% in the 4th quarter. Orion Portfolio Solutions LLC now owns 41,933 shares of the financial services provider’s stock worth $2,074,000 after acquiring an additional 7,908 shares during the last quarter. Finally, Perigon Wealth Management LLC bought a new position in HSBC in the 4th quarter valued at about $244,000. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HSBC has been the subject of several analyst reports. Barclays upgraded shares of HSBC from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. UBS Group restated a “neutral” rating on shares of HSBC in a research note on Thursday, March 6th. StockNews.com raised shares of HSBC from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft downgraded shares of HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating on shares of HSBC in a report on Monday, February 3rd. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

HSBC Stock Performance

NYSE:HSBC opened at $52.52 on Monday. HSBC Holdings plc has a 1-year low of $39.42 and a 1-year high of $61.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.96. The business has a 50 day moving average of $55.44 and a 200 day moving average of $50.58. The company has a market capitalization of $187.04 billion, a price-to-earnings ratio of 8.47, a PEG ratio of 1.05 and a beta of 0.40.

HSBC (NYSE:HSBC) last released its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.41 by $0.04. HSBC had a return on equity of 12.20% and a net margin of 16.17%. The firm had revenue of $11.56 billion for the quarter, compared to the consensus estimate of $13.79 billion. On average, sell-side analysts predict that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 7th will be given a $1.80 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $7.20 annualized dividend and a dividend yield of 13.71%. HSBC’s dividend payout ratio is 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.