HSBC Holdings plc (NYSE:HSBC) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its position in shares of HSBC Holdings plc (NYSE:HSBC) by 135.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 347,565 shares of the financial services provider’s stock after buying an additional 200,054 shares during the period. Bank of New York Mellon Corp’s holdings in HSBC were worth $17,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Addison Advisors LLC increased its holdings in shares of HSBC by 20.3% during the 4th quarter. Addison Advisors LLC now owns 2,334 shares of the financial services provider’s stock worth $115,000 after buying an additional 394 shares during the last quarter. IFP Advisors Inc increased its holdings in HSBC by 17.2% in the 4th quarter. IFP Advisors Inc now owns 26,739 shares of the financial services provider’s stock valued at $1,323,000 after purchasing an additional 3,917 shares during the last quarter. Callan Capital LLC increased its holdings in HSBC by 17.7% in the 4th quarter. Callan Capital LLC now owns 9,013 shares of the financial services provider’s stock valued at $446,000 after purchasing an additional 1,355 shares during the last quarter. Sunpointe LLC acquired a new stake in HSBC in the 4th quarter valued at approximately $211,000. Finally, Ieq Capital LLC increased its holdings in HSBC by 8.6% in the 4th quarter. Ieq Capital LLC now owns 16,126 shares of the financial services provider’s stock valued at $798,000 after purchasing an additional 1,278 shares during the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Price Performance

HSBC stock opened at $55.42 on Wednesday. The stock has a market cap of $197.70 billion, a P/E ratio of 8.94, a price-to-earnings-growth ratio of 1.05 and a beta of 0.51. The company has a fifty day simple moving average of $53.55 and a 200-day simple moving average of $48.52. HSBC Holdings plc has a 12-month low of $37.38 and a 12-month high of $61.88. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69.

HSBC (NYSE:HSBC) last released its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.04. The business had revenue of $11.56 billion during the quarter, compared to analysts’ expectations of $13.79 billion. HSBC had a net margin of 16.17% and a return on equity of 12.20%. Equities analysts expect 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 given a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $7.20 annualized dividend and a dividend yield of 12.99%. HSBC’s dividend payout ratio (DPR) is currently 115.81%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Royal Bank of Canada reiterated a “sector perform” rating on shares of HSBC in a report on Monday, February 3rd. UBS Group reiterated a “neutral” rating on shares of HSBC in a report on Thursday, March 6th. Barclays upgraded shares of HSBC from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft cut shares of HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, StockNews.com raised shares of HSBC from a “sell” rating to a “hold” rating in a research report on Tuesday. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

HSBC 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.