HSBC Holdings plc $HSBC Shares Acquired by US Bancorp DE

US Bancorp DE lifted its position in shares of HSBC Holdings plc (NYSE:HSBCFree Report) by 9.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 165,949 shares of the financial services provider’s stock after purchasing an additional 14,953 shares during the period. US Bancorp DE’s holdings in HSBC were worth $13,055,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Mather Group LLC. acquired a new position in shares of HSBC during the third quarter worth $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of HSBC during the third quarter worth $26,000. Binnacle Investments Inc lifted its position in shares of HSBC by 80.5% during the third quarter. Binnacle Investments Inc now owns 444 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 198 shares in the last quarter. Bartlett & CO. Wealth Management LLC lifted its position in shares of HSBC by 126.4% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 575 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 321 shares in the last quarter. Finally, JPL Wealth Management LLC acquired a new position in shares of HSBC during the third quarter worth $41,000. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Stock Up 0.2%

HSBC stock opened at $92.05 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.87 and a quick ratio of 0.87. HSBC Holdings plc has a 1-year low of $56.21 and a 1-year high of $94.79. The firm has a fifty day moving average price of $86.35 and a two-hundred day moving average price of $80.25. The firm has a market cap of $316.35 billion, a price-to-earnings ratio of 15.21, a PEG ratio of 0.89 and a beta of 0.56.

HSBC (NYSE:HSBCGet Free Report) last released its earnings results on Saturday, February 14th. The financial services provider reported $1.35 earnings per share for the quarter. HSBC had a net margin of 16.07% and a return on equity of 13.10%. The firm had revenue of $17.70 billion during the quarter. Research analysts predict that HSBC Holdings plc will post 8.48 EPS for the current year.

HSBC Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, March 13th were paid a dividend of $2.25 per share. The ex-dividend date was Friday, March 13th. This is a positive change from HSBC’s previous quarterly dividend of $0.50. This represents a $9.00 annualized dividend and a yield of 9.8%. HSBC’s payout ratio is presently 148.43%.

Trending Headlines about HSBC

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Analyst Ratings Changes

Several analysts recently issued reports on HSBC shares. The Goldman Sachs Group started coverage on shares of HSBC in a report on Thursday, March 26th. They issued a “buy” rating on the stock. Zacks Research raised shares of HSBC from a “hold” rating to a “strong-buy” rating in a report on Monday, April 6th. BNP Paribas Exane cut shares of HSBC from an “outperform” rating to a “neutral” rating in a report on Tuesday, April 14th. Morgan Stanley started coverage on shares of HSBC in a report on Wednesday, January 14th. They issued an “equal weight” rating on the stock. Finally, Citigroup reaffirmed a “buy” rating on shares of HSBC in a report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.00.

Read Our Latest Stock Report on HSBC

HSBC Company Profile

(Free Report)

HSBC Holdings plc (NYSE: HSBC) is a multinational banking and financial services organization headquartered in London. It traces its origins to the Hongkong and Shanghai Banking Corporation, founded in 1865 to facilitate trade between Europe and Asia, and has since grown into one of the world’s largest banking groups. The company is publicly listed in multiple markets, including the London Stock Exchange, the Hong Kong Stock Exchange and as an American depositary receipt on the New York Stock Exchange.

HSBC operates a universal banking model, serving retail, commercial, corporate and institutional clients.

Further Reading

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Institutional Ownership by Quarter for HSBC (NYSE:HSBC)

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