HSBC Holdings plc (NYSE:HSBC) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. grew its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 4.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 937,065 shares of the financial services provider’s stock after purchasing an additional 40,388 shares during the quarter. American Century Companies Inc.’s holdings in HSBC were worth $46,347,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in HSBC. Bank of Montreal Can lifted its position in HSBC by 124.3% during the third quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider’s stock worth $7,820,000 after buying an additional 94,991 shares during the period. Wealthstar Advisors LLC purchased a new position in shares of HSBC during the 4th quarter worth about $664,000. Entropy Technologies LP acquired a new stake in shares of HSBC in the fourth quarter worth approximately $701,000. Ritholtz Wealth Management grew its holdings in HSBC by 12.3% in the fourth quarter. Ritholtz Wealth Management now owns 141,108 shares of the financial services provider’s stock valued at $6,979,000 after purchasing an additional 15,510 shares during the period. Finally, Perigon Wealth Management LLC acquired a new position in HSBC during the fourth quarter worth approximately $244,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. UBS Group reiterated a “neutral” rating on shares of HSBC in a report on Thursday, March 6th. Royal Bank of Canada reiterated a “sector perform” rating on shares of HSBC in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft lowered HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. StockNews.com raised HSBC from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. Finally, Barclays raised shares of HSBC from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 4th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

HSBC Stock Up 0.1 %

Shares of NYSE HSBC opened at $58.39 on Friday. The stock has a fifty day moving average price of $55.54 and a 200 day moving average price of $49.61. The company has a market cap of $207.92 billion, a P/E ratio of 9.42, a P/E/G ratio of 1.05 and a beta of 0.51. HSBC Holdings plc has a 12-month low of $39.04 and a 12-month high of $61.88. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69.

HSBC (NYSE:HSBC) last announced its earnings results on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.41 by $0.04. The business had revenue of $11.56 billion for the quarter, compared to the consensus estimate of $13.79 billion. HSBC had a return on equity of 12.20% and a net margin of 16.17%. Research analysts anticipate that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 7th will be paid a $1.80 dividend. The ex-dividend date is Friday, March 7th. This represents a $7.20 annualized dividend and a dividend yield of 12.33%. HSBC’s dividend payout ratio (DPR) is presently 115.81%.

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.