Ramirez Asset Management Inc. Acquires 3,967 Shares of HSBC Holdings plc (NYSE:HSBC)

Ramirez Asset Management Inc. increased its holdings in HSBC Holdings plc (NYSE:HSBC) by 3.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,898 shares of the financial services provider’s stock after purchasing an additional 3,967 shares during the period. HSBC makes up 1.2% of Ramirez Asset Management Inc.’s portfolio, making the stock its 20th biggest position. Ramirez Asset Management Inc.’s holdings in HSBC were worth $5,980,000 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. Berbice Capital Management LLC bought a new position in shares of HSBC during the 4th quarter worth approximately $25,000. Venturi Wealth Management LLC lifted its holdings in shares of HSBC by 58.2% during the fourth quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 210 shares during the period. Whipplewood Advisors LLC acquired a new stake in shares of HSBC in the 4th quarter valued at $30,000. Larson Financial Group LLC grew its holdings in shares of HSBC by 138.5% in the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 450 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in HSBC during the 4th quarter valued at about $49,000. Institutional investors own 1.48% of the company’s stock.

HSBC Trading Up 0.1 %

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

HSBC (NYSE:HSBC) last released its earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.04. The company had revenue of $11.56 billion for the quarter, compared to the consensus estimate of $13.79 billion. HSBC had a net margin of 16.17% and a return on equity of 12.20%. As a group, equities research analysts expect that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 7th will be given a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 12.33%. The ex-dividend date of this dividend is Friday, March 7th. HSBC’s payout ratio is 115.81%.

Analysts Set New Price Targets

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

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.