Principal Securities Inc. Raises Holdings in HSBC Holdings plc (NYSE:HSBC)

Principal Securities Inc. increased its position in HSBC Holdings plc (NYSE:HSBC) by 15.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,536 shares of the financial services provider’s stock after acquiring an additional 483 shares during the quarter. Principal Securities Inc.’s holdings in HSBC were worth $175,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HSBC. Berbice Capital Management LLC purchased a new position in HSBC during the 4th quarter valued at about $25,000. Larson Financial Group LLC increased its holdings in HSBC by 138.5% during the 3rd 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 during the period. Brooklyn Investment Group bought a new position in shares of HSBC in the fourth quarter worth $49,000. Allworth Financial LP raised its position in shares of HSBC by 40.9% in the third quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider’s stock worth $62,000 after buying an additional 397 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in HSBC by 116.2% during the fourth quarter. Versant Capital Management Inc now owns 1,498 shares of the financial services provider’s stock worth $74,000 after buying an additional 805 shares in the last quarter. 1.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on HSBC. Royal Bank of Canada reissued a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft downgraded HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd.

HSBC Trading Down 0.7 %

HSBC opened at $55.70 on Tuesday. The firm has a market capitalization of $199.49 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 1.05 and a beta of 0.54. HSBC Holdings plc has a one year low of $36.93 and a one year high of $57.08. The business has a 50 day simple moving average of $51.40 and a two-hundred day simple moving average of $47.28. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.96.

HSBC (NYSE:HSBC) last announced its quarterly 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 net margin of 16.17% and a return on equity of 12.20%. The company had revenue of $11.56 billion for the quarter, compared to analysts’ expectations of $13.79 billion. Analysts predict that HSBC Holdings plc will post 6.66 EPS for the current 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 given a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 12.93%. The ex-dividend date of this dividend is Friday, March 7th. HSBC’s dividend 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.