Ethic Inc. Purchases 13,642 Shares of HSBC Holdings plc (NYSE:HSBC)

Ethic Inc. grew its holdings in HSBC Holdings plc (NYSE:HSBC) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 174,539 shares of the financial services provider’s stock after purchasing an additional 13,642 shares during the quarter. Ethic Inc.’s holdings in HSBC were worth $8,633,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in HSBC. Berbice Capital Management LLC bought a new position in shares of HSBC during the 4th quarter worth about $25,000. Venturi Wealth Management LLC increased its stake in HSBC by 58.2% during the fourth quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 210 shares during the period. CoreCap Advisors LLC raised its holdings in HSBC by 342.9% in the 4th quarter. CoreCap Advisors LLC now owns 589 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 456 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of HSBC in the 4th quarter worth approximately $30,000. Finally, Brooklyn Investment Group bought a new stake in shares of HSBC during the fourth quarter valued at approximately $49,000. 1.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

HSBC Price Performance

NYSE:HSBC opened at $56.74 on Friday. The firm has a market cap of $200.55 billion, a PE ratio of 9.15, a price-to-earnings-growth ratio of 1.05 and a beta of 0.53. The company’s 50-day moving average price is $55.08 and its two-hundred day moving average price is $51.67. 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 Holdings plc has a 12 month low of $39.42 and a 12 month high of $61.88.

HSBC (NYSE:HSBC) last released its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.35. The firm had revenue of $17.74 billion during the quarter, compared to analysts’ expectations of $16.60 billion. HSBC had a return on equity of 12.20% and a net margin of 16.17%. On average, equities analysts anticipate that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, May 12th will be issued a dividend of $0.495 per share. This represents a yield of 3.5%. The ex-dividend date is Friday, May 9th. HSBC’s dividend payout ratio is currently 36.33%.

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.