HSBC Holdings plc (NYSE:HSBC) Shares Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp grew its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 91.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,715 shares of the financial services provider’s stock after purchasing an additional 2,251 shares during the period. Jones Financial Companies Lllp’s holdings in HSBC were worth $233,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of Montreal Can increased its stake in HSBC by 124.3% during the third quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider’s stock worth $7,820,000 after purchasing an additional 94,991 shares during the period. Wealthstar Advisors LLC purchased a new stake in shares of HSBC during the fourth quarter worth approximately $664,000. Entropy Technologies LP purchased a new stake in shares of HSBC during the fourth quarter worth approximately $701,000. Ritholtz Wealth Management increased its stake in shares of HSBC by 12.3% during the fourth quarter. Ritholtz Wealth Management now owns 141,108 shares of the financial services provider’s stock worth $6,979,000 after buying an additional 15,510 shares during the period. Finally, Perigon Wealth Management LLC purchased a new stake in shares of HSBC during the fourth quarter worth approximately $244,000. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HSBC has been the topic of a number of recent research reports. StockNews.com upgraded shares of HSBC from a “sell” rating to a “hold” rating in a research note on Tuesday. UBS Group restated a “neutral” rating on shares of HSBC in a research note on Thursday, March 6th. Deutsche Bank Aktiengesellschaft lowered shares of HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Barclays upgraded shares of HSBC from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 4th. Finally, Royal Bank of Canada reiterated a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, HSBC has an average rating of “Moderate Buy”.

HSBC Stock Performance

Shares of HSBC stock opened at $55.64 on Friday. The firm has a market capitalization of $198.46 billion, a P/E ratio of 8.97, a P/E/G ratio of 1.05 and a beta of 0.51. HSBC Holdings plc has a 52 week low of $37.38 and a 52 week high of $61.88. The company has a quick ratio of 0.96, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. The firm’s 50 day moving average is $53.81 and its two-hundred day moving average is $48.62.

HSBC (NYSE:HSBC) last announced its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.41 by $0.04. The company had revenue of $11.56 billion for the quarter, compared to analyst estimates of $13.79 billion. HSBC had a net margin of 16.17% and a return on equity of 12.20%. Research analysts forecast that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 7th will be issued a $1.80 dividend. This represents a $7.20 annualized dividend and a dividend yield of 12.94%. The ex-dividend date of this dividend is Friday, March 7th. HSBC’s payout ratio is currently 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.