Keel Point LLC Has $228,000 Stake in HSBC Holdings plc (NYSE:HSBC)

Keel Point LLC reduced its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 4.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,636 shares of the financial services provider’s stock after selling 256 shares during the quarter. Keel Point LLC’s holdings in HSBC were worth $228,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HSBC. Bank of America Corp DE boosted its holdings in HSBC by 186.8% in the first quarter. Bank of America Corp DE now owns 3,367,602 shares of the financial services provider’s stock worth $114,936,000 after purchasing an additional 2,193,561 shares in the last quarter. Norges Bank bought a new position in shares of HSBC in the 4th quarter valued at approximately $65,592,000. Lazard Asset Management LLC lifted its holdings in HSBC by 7,993.9% in the 4th quarter. Lazard Asset Management LLC now owns 1,615,953 shares of the financial services provider’s stock worth $50,353,000 after purchasing an additional 1,595,988 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in HSBC by 62.9% during the first quarter. Goldman Sachs Group Inc. now owns 3,738,851 shares of the financial services provider’s stock worth $127,944,000 after purchasing an additional 1,443,765 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its holdings in HSBC by 167.4% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 842,864 shares of the financial services provider’s stock valued at $33,259,000 after purchasing an additional 527,677 shares during the last quarter. 1.48% of the stock is owned by hedge funds and other institutional investors.

HSBC Stock Down 2.3 %

HSBC opened at $39.65 on Wednesday. HSBC Holdings plc has a fifty-two week low of $34.89 and a fifty-two week high of $42.47. The company has a market capitalization of $150.64 billion, a P/E ratio of 6.96, a P/E/G ratio of 0.96 and a beta of 0.63. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.90 and a quick ratio of 0.90. The firm’s fifty day moving average price is $39.22 and its two-hundred day moving average price is $39.04.

HSBC (NYSE:HSBC) last posted its earnings results on Wednesday, February 21st. The financial services provider reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.33). HSBC had a net margin of 19.02% and a return on equity of 12.89%. The business had revenue of $13.02 billion during the quarter. On average, analysts anticipate that HSBC Holdings plc will post 7.24 EPS for the current year.

HSBC Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Friday, March 8th will be given a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a dividend yield of 15.64%. The ex-dividend date of this dividend is Thursday, March 7th. This is an increase from HSBC’s previous quarterly dividend of $0.50. HSBC’s dividend payout ratio (DPR) is 108.42%.

Wall Street Analysts Forecast Growth

HSBC has been the subject of a number of analyst reports. Barclays restated an “equal weight” rating on shares of HSBC in a research note on Wednesday, March 27th. BNP Paribas cut shares of HSBC from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $811.00.

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.