Cwm LLC Purchases 172,920 Shares of HSBC Holdings plc (NYSE:HSBC)

Cwm LLC raised its position in HSBC Holdings plc (NYSE:HSBC) by 3,518.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 177,835 shares of the financial services provider’s stock after buying an additional 172,920 shares during the quarter. Cwm LLC’s holdings in HSBC were worth $7,209,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Fifth Third Bancorp increased its holdings in HSBC by 34.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,321 shares of the financial services provider’s stock valued at $52,000 after buying an additional 335 shares during the period. AE Wealth Management LLC grew its holdings in shares of HSBC by 1.5% during the 3rd quarter. AE Wealth Management LLC now owns 25,247 shares of the financial services provider’s stock valued at $996,000 after purchasing an additional 362 shares during the last quarter. Lake Street Advisors Group LLC grew its holdings in shares of HSBC by 1.4% during the 3rd quarter. Lake Street Advisors Group LLC now owns 28,179 shares of the financial services provider’s stock valued at $1,112,000 after purchasing an additional 393 shares during the last quarter. Greenleaf Trust grew its holdings in shares of HSBC by 4.5% during the 4th quarter. Greenleaf Trust now owns 10,665 shares of the financial services provider’s stock valued at $432,000 after purchasing an additional 459 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of HSBC by 6.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,216 shares of the financial services provider’s stock valued at $324,000 after purchasing an additional 464 shares during the last quarter. 1.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on HSBC shares. BNP Paribas lowered shares of HSBC from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 16th. Barclays reaffirmed an “equal weight” rating on shares of HSBC in a report on Wednesday, March 27th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, HSBC has an average rating of “Hold” and an average target price of $811.00.

HSBC Trading Up 2.7 %

HSBC opened at $41.61 on Tuesday. 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 debt-to-equity ratio of 0.62, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market capitalization of $157.36 billion, a price-to-earnings ratio of 7.30, a PEG ratio of 0.95 and a beta of 0.63. The company’s 50 day moving average price is $39.33 and its two-hundred day moving average price is $39.08.

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

HSBC Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Friday, March 8th will be given a $1.55 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 14.90%. This is an increase from HSBC’s previous quarterly dividend of $0.50. HSBC’s payout ratio is 108.42%.

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.