HSBC Holdings plc (NYSE:HSBC) Shares Acquired by Greenleaf Trust

Greenleaf Trust raised its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,665 shares of the financial services provider’s stock after purchasing an additional 459 shares during the quarter. Greenleaf Trust’s holdings in HSBC were worth $432,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Milestone Investment Advisors LLC purchased a new stake in HSBC during the third quarter worth $26,000. Assetmark Inc. purchased a new stake in HSBC during the third quarter worth $30,000. Paradigm Asset Management Co. LLC purchased a new stake in HSBC during the third quarter worth $39,000. Fifth Third Bancorp lifted its holdings in HSBC by 34.0% during the third quarter. Fifth Third Bancorp now owns 1,321 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 335 shares in the last quarter. Finally, Clear Street Markets LLC purchased a new position in HSBC during the third quarter valued at $58,000. 1.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on HSBC shares. BNP Paribas downgraded 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 research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, HSBC currently has an average rating of “Hold” and a consensus price target of $811.00.

HSBC Price Performance

HSBC stock opened at $41.90 on Wednesday. HSBC Holdings plc has a 12-month low of $34.89 and a 12-month high of $42.47. The stock has a market cap of $158.43 billion, a P/E ratio of 7.35, a PEG ratio of 0.95 and a beta of 0.63. The company has a 50-day moving average price of $39.40 and a 200 day moving average price of $39.09. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.62.

HSBC (NYSE:HSBC) last released its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.33). HSBC had a return on equity of 12.89% and a net margin of 19.02%. The firm had revenue of $13.02 billion for the quarter. Sell-side analysts anticipate that HSBC Holdings plc will post 7.24 earnings per share for the current year.

HSBC Increases Dividend

The company also recently disclosed 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 is a boost from HSBC’s previous quarterly dividend of $0.50. This represents a $6.20 annualized dividend and a yield of 14.80%. The ex-dividend date of this dividend is Thursday, March 7th. HSBC’s dividend payout ratio (DPR) is presently 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.