Integrated Quantitative Investments LLC Makes New $277,000 Investment in HSBC Holdings plc (NYSE:HSBC)

Integrated Quantitative Investments LLC purchased a new stake in HSBC Holdings plc (NYSE:HSBC) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,600 shares of the financial services provider’s stock, valued at approximately $277,000.

A number of other institutional investors have also made changes to their positions in the business. Berbice Capital Management LLC acquired a new stake in HSBC in the 4th quarter valued at approximately $25,000. Venturi Wealth Management LLC grew its stake in shares of HSBC by 58.2% in the fourth quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 210 shares during the last quarter. Whipplewood Advisors LLC bought a new position in HSBC during the fourth quarter worth $30,000. Brooklyn Investment Group bought a new stake in HSBC in the 4th quarter valued at $49,000. Finally, Sierra Ocean LLC acquired a new stake in HSBC in the 4th quarter worth $73,000. 1.48% of the stock is currently owned by institutional investors.

HSBC Stock Down 6.8 %

HSBC opened at $49.87 on Friday. HSBC Holdings plc has a twelve month low of $39.42 and a twelve month high of $61.88. The firm has a market cap of $177.57 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 1.05 and a beta of 0.40. The firm’s 50-day simple moving average is $56.09 and its 200-day simple moving average is $50.16. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88.

HSBC (NYSE:HSBC) last posted its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.04. The company had revenue of $11.56 billion during the quarter, compared to analyst estimates of $13.79 billion. HSBC had a net margin of 16.17% and a return on equity of 12.20%. Equities research analysts anticipate that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 7th will be issued a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 14.44%. The ex-dividend date is Friday, March 7th. HSBC’s payout ratio is presently 115.81%.

Analyst Ratings Changes

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

HSBC Company 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.