Grantham Mayo Van Otterloo & Co. LLC Has $14.71 Million Stock Position in HSBC Holdings plc (NYSE:HSBC)

Grantham Mayo Van Otterloo & Co. LLC cut its stake in HSBC Holdings plc (NYSE:HSBC) by 11.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 297,408 shares of the financial services provider’s stock after selling 38,485 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in HSBC were worth $14,710,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Seven Mile Advisory boosted its holdings in HSBC by 3.6% in the fourth quarter. Seven Mile Advisory now owns 5,405 shares of the financial services provider’s stock valued at $267,000 after acquiring an additional 190 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of HSBC by 58.2% in the 4th quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 210 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of HSBC by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 21,909 shares of the financial services provider’s stock worth $990,000 after buying an additional 235 shares during the period. Horizon Investments LLC raised its stake in shares of HSBC by 1.4% during the fourth quarter. Horizon Investments LLC now owns 17,302 shares of the financial services provider’s stock worth $856,000 after buying an additional 245 shares during the last quarter. Finally, Sonoma Private Wealth LLC boosted its stake in HSBC by 3.9% in the fourth quarter. Sonoma Private Wealth LLC now owns 6,635 shares of the financial services provider’s stock valued at $328,000 after acquiring an additional 250 shares during the last quarter. 1.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HSBC. Barclays raised HSBC from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 4th. UBS Group reissued a “neutral” rating on shares of HSBC in a research note on Thursday, March 6th. Deutsche Bank Aktiengesellschaft lowered HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Royal Bank of Canada reiterated a “sector perform” rating on shares of HSBC in a research report on Monday, February 3rd. Finally, StockNews.com upgraded shares of HSBC from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. Four investment 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. Based on data from MarketBeat.com, HSBC has a consensus rating of “Moderate Buy”.

HSBC Stock Down 6.8 %

Shares of HSBC stock opened at $49.87 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 company has a market capitalization of $177.57 billion, a P/E ratio of 8.04, a price-to-earnings-growth ratio of 1.05 and a beta of 0.40. The business has a 50-day moving average of $56.09 and a two-hundred day moving average of $50.20.

HSBC (NYSE:HSBC) last announced its earnings results 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. The firm 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 analysts predict that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Dividend Announcement

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

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.