HSBC Holdings plc (NYSE:HSBC) Position Trimmed by Bank of Montreal Can

Bank of Montreal Can cut its holdings in HSBC Holdings plc (NYSE:HSBC) by 58.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 72,040 shares of the financial services provider’s stock after selling 99,376 shares during the period. Bank of Montreal Can’s holdings in HSBC were worth $3,563,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Berbice Capital Management LLC bought a new position in shares of HSBC during the fourth quarter valued at approximately $25,000. Venturi Wealth Management LLC grew its stake in HSBC by 58.2% during the 4th quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock worth $28,000 after buying an additional 210 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in HSBC in the fourth quarter worth $30,000. Brooklyn Investment Group bought a new stake in HSBC in the fourth quarter valued at $49,000. Finally, Sierra Ocean LLC acquired a new position in shares of HSBC during the fourth quarter valued at $73,000. Institutional investors own 1.48% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on HSBC shares. Deutsche Bank Aktiengesellschaft lowered shares of HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. StockNews.com upgraded HSBC from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Royal Bank of Canada reiterated a “sector perform” rating on shares of HSBC in a research report on Monday, February 3rd. Barclays raised HSBC from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. Finally, UBS Group reiterated a “neutral” rating on shares of HSBC in a research report on Thursday, March 6th. Four equities research 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

HSBC Stock Up 2.2 %

HSBC opened at $52.18 on Wednesday. The stock’s fifty day moving average is $55.53 and its 200-day moving average is $50.39. HSBC Holdings plc has a one year low of $39.42 and a one year high of $61.88. The company has a market capitalization of $185.80 billion, a PE ratio of 8.42, a P/E/G ratio of 1.05 and a beta of 0.40. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88.

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

HSBC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 7th will be paid a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 13.80%. The ex-dividend date of this dividend is Friday, March 7th. HSBC’s dividend payout ratio is presently 115.81%.

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.