DRW Securities LLC Takes $662,000 Position in HSBC Holdings plc (NYSE:HSBC)

DRW Securities LLC bought a new stake in shares of HSBC Holdings plc (NYSE:HSBC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 13,391 shares of the financial services provider’s stock, valued at approximately $662,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HSBC. Berbice Capital Management LLC purchased a new position in shares of HSBC during the 4th quarter valued at approximately $25,000. Venturi Wealth Management LLC lifted its position in shares of HSBC by 58.2% during the 4th quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock valued at $28,000 after buying an additional 210 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of HSBC during the 4th quarter valued at approximately $30,000. Brooklyn Investment Group purchased a new position in shares of HSBC during the 4th quarter valued at approximately $49,000. Finally, Sierra Ocean LLC purchased a new position in HSBC in the 4th quarter valued at $73,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

HSBC Stock Up 5.7 %

Shares of HSBC opened at $49.35 on Thursday. HSBC Holdings plc has a 52-week low of $39.42 and a 52-week high of $61.88. The company has a market capitalization of $175.73 billion, a PE ratio of 7.96, a price-to-earnings-growth ratio of 1.05 and a beta of 0.40. The stock has a fifty day simple moving average of $55.67 and a two-hundred day simple moving average of $50.25. 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 issued its earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.04. The business had revenue of $11.56 billion during 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%. As a group, equities analysts forecast that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be given a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a dividend yield of 14.59%. The ex-dividend date of this dividend is Friday, March 7th. HSBC’s payout ratio is 115.81%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HSBC. Deutsche Bank Aktiengesellschaft lowered HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Royal Bank of Canada restated a “sector perform” rating on shares of HSBC in a report on Monday, February 3rd. Barclays upgraded HSBC from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. UBS Group restated a “neutral” rating on shares of HSBC in a report on Thursday, March 6th. Finally, StockNews.com raised HSBC from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. 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. According to MarketBeat.com, HSBC presently has an average 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.