Quadrant Capital Group LLC Raises Position in HSBC Holdings plc (NYSE:HSBC)

Quadrant Capital Group LLC boosted its position in shares of HSBC Holdings plc (NYSE:HSBC) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,206 shares of the financial services provider’s stock after buying an additional 2,391 shares during the period. Quadrant Capital Group LLC’s holdings in HSBC were worth $1,741,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN lifted its holdings in HSBC by 5.3% in the 4th quarter. Wells Fargo & Company MN now owns 289,887 shares of the financial services provider’s stock valued at $14,338,000 after purchasing an additional 14,640 shares in the last quarter. Integrated Quantitative Investments LLC acquired a new stake in shares of HSBC in the fourth quarter valued at about $277,000. Atlas Capital Advisors Inc. lifted its stake in shares of HSBC by 226.4% in the fourth quarter. Atlas Capital Advisors Inc. now owns 2,001 shares of the financial services provider’s stock worth $99,000 after buying an additional 1,388 shares in the last quarter. Pitcairn Co. boosted its position in HSBC by 11.3% during the fourth quarter. Pitcairn Co. now owns 15,965 shares of the financial services provider’s stock worth $790,000 after acquiring an additional 1,622 shares during the last quarter. Finally, May Hill Capital LLC purchased a new stake in HSBC during the 4th quarter valued at about $551,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

HSBC Stock Performance

Shares of HSBC stock opened at $49.87 on Friday. The business’s fifty day simple moving average is $56.09 and its 200-day simple moving average is $50.16. The company has a quick ratio of 0.96, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. The firm has a market cap of $177.57 billion, a PE ratio of 8.04, a price-to-earnings-growth ratio of 1.05 and a beta of 0.40. HSBC Holdings plc has a 52 week low of $39.42 and a 52 week high of $61.88.

HSBC (NYSE:HSBC) last announced its earnings results 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 analysts forecast that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 7th will be paid a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 14.44%. The ex-dividend date is Friday, March 7th. HSBC’s dividend payout ratio (DPR) is 115.81%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on HSBC shares. StockNews.com upgraded HSBC from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. UBS Group restated a “neutral” rating on shares of HSBC in a report on Thursday, March 6th. Barclays upgraded HSBC from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. Royal Bank of Canada restated a “sector perform” rating on shares of HSBC in a research report on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft lowered shares of 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

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.