Guggenheim Capital LLC Has $393,000 Stock Position in HSBC Holdings plc (NYSE:HSBC)

Guggenheim Capital LLC boosted its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 42.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,951 shares of the financial services provider’s stock after buying an additional 2,351 shares during the quarter. Guggenheim Capital LLC’s holdings in HSBC were worth $393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Berbice Capital Management LLC acquired a new position in shares of HSBC during the fourth quarter valued at about $25,000. Venturi Wealth Management LLC lifted its position 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 worth $28,000 after acquiring an additional 210 shares during the period. Whipplewood Advisors LLC acquired a new stake in shares of HSBC during the 4th quarter worth approximately $30,000. Brooklyn Investment Group bought a new stake in shares of HSBC during the fourth quarter valued at approximately $49,000. Finally, Sierra Ocean LLC acquired a new position in shares of HSBC in the fourth quarter valued at $73,000. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HSBC has been the topic of several analyst reports. Barclays raised shares of HSBC from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft lowered shares of HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. UBS Group reaffirmed a “neutral” rating on shares of HSBC in a 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. Finally, Royal Bank of Canada reiterated a “sector perform” rating on shares of HSBC in a research report on Monday, February 3rd. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

HSBC Stock Performance

NYSE HSBC opened at $56.05 on Friday. The firm has a market cap of $199.59 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 1.05 and a beta of 0.40. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69. HSBC Holdings plc has a 1-year low of $39.42 and a 1-year high of $61.88. The company has a 50 day moving average of $55.37 and a 200-day moving average of $50.88.

HSBC (NYSE:HSBC) last issued its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.04. The firm 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%. On average, equities analysts forecast that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, March 7th were given a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 12.85%. The ex-dividend date of this dividend was 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.