Raiffeisen Bank International AG Invests $94,000 in HSBC Holdings plc (NYSE:HSBC)

Raiffeisen Bank International AG acquired a new position in HSBC Holdings plc (NYSE:HSBC) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,950 shares of the financial services provider’s stock, valued at approximately $94,000.

Other large investors also recently modified their holdings of the company. Seven Mile Advisory grew its stake in shares of 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 buying an additional 190 shares in the last quarter. GeoWealth Management LLC grew its stake in shares of HSBC by 6.7% in the fourth quarter. GeoWealth Management LLC now owns 3,279 shares of the financial services provider’s stock valued at $162,000 after buying an additional 205 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of HSBC by 58.2% in the fourth 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. Horizon Investments LLC grew its stake in shares of HSBC by 1.4% in the fourth quarter. Horizon Investments LLC now owns 17,302 shares of the financial services provider’s stock valued at $856,000 after buying an additional 245 shares in the last quarter. Finally, Lido Advisors LLC grew its stake in shares of HSBC by 3.4% in the fourth quarter. Lido Advisors LLC now owns 7,531 shares of the financial services provider’s stock valued at $372,000 after buying an additional 249 shares in the last quarter. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Barclays upgraded HSBC from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft lowered HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Royal Bank of Canada restated a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd. UBS Group restated a “neutral” rating on shares of HSBC in a research note on Thursday, March 6th. Finally, StockNews.com upgraded HSBC from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. Four 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

HSBC Price Performance

Shares of NYSE HSBC opened at $58.86 on Monday. The firm has a market cap of $208.06 billion, a PE ratio of 9.49, a price-to-earnings-growth ratio of 1.05 and a beta of 0.53. The business has a 50 day moving average price of $55.12 and a two-hundred day moving average price of $52.22. 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 fifty-two week low of $39.42 and a fifty-two week high of $61.88.

HSBC (NYSE:HSBC) last issued its earnings results on Tuesday, April 29th. The financial services provider reported $1.95 EPS for the quarter, topping the consensus estimate of $1.60 by $0.35. The company had revenue of $17.74 billion during the quarter, compared to analyst estimates of $16.60 billion. HSBC had a return on equity of 12.20% and a net margin of 16.17%. Sell-side analysts expect that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, May 12th will be given a $0.495 dividend. The ex-dividend date is Friday, May 9th. This represents a dividend yield of 3.5%. HSBC’s payout ratio is 36.33%.

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.