US Bancorp DE Has $5.41 Million Stake in HSBC Holdings plc (NYSE:HSBC)

US Bancorp DE lifted its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 15.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 109,349 shares of the financial services provider’s stock after acquiring an additional 14,286 shares during the period. US Bancorp DE’s holdings in HSBC were worth $5,408,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also 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 increased its position in 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 buying an additional 210 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in HSBC during the 4th quarter worth approximately $30,000. Larson Financial Group LLC boosted its holdings in HSBC by 138.5% in the third quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 450 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in HSBC in the fourth quarter valued at approximately $49,000. 1.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on HSBC shares. StockNews.com downgraded shares of HSBC from a “hold” rating to a “sell” rating in a research report on Monday. 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. Finally, Barclays upgraded HSBC from an “equal weight” rating to an “overweight” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, HSBC presently has a consensus rating of “Hold”.

HSBC Stock Down 0.1 %

HSBC stock opened at $60.27 on Wednesday. HSBC Holdings plc has a fifty-two week low of $36.93 and a fifty-two week high of $61.88. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88. The firm’s 50-day simple moving average is $52.68 and its 200 day simple moving average is $48.00. The stock has a market cap of $215.87 billion, a PE ratio of 9.72, a price-to-earnings-growth ratio of 1.05 and a beta of 0.54.

HSBC (NYSE:HSBC) last released its earnings results 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. HSBC had a return on equity of 12.20% and a net margin of 16.17%. The company had revenue of $11.56 billion during the quarter, compared to analyst estimates of $13.79 billion. Research analysts predict that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders 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 dividend yield of 11.95%. The ex-dividend date of this dividend is Friday, March 7th. HSBC’s payout ratio is 115.81%.

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.