HSBC Holdings plc (NYSE:HSBC) Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lifted its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 39.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,621 shares of the financial services provider’s stock after buying an additional 8,044 shares during the period. Rockefeller Capital Management L.P.’s holdings in HSBC were worth $1,411,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of HSBC. Wealthstar Advisors LLC purchased a new position in shares of HSBC in the 4th quarter valued at about $664,000. Entropy Technologies LP acquired a new stake in shares of HSBC in the 4th quarter worth approximately $701,000. Ritholtz Wealth Management boosted its position in HSBC by 12.3% during the fourth quarter. Ritholtz Wealth Management now owns 141,108 shares of the financial services provider’s stock worth $6,979,000 after purchasing an additional 15,510 shares in the last quarter. Orion Portfolio Solutions LLC raised its stake in shares of HSBC by 23.2% during the 4th quarter. Orion Portfolio Solutions LLC now owns 41,933 shares of the financial services provider’s stock worth $2,074,000 after buying an additional 7,908 shares during the last quarter. Finally, Perigon Wealth Management LLC purchased a new position in HSBC during the 4th quarter valued at about $244,000. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HSBC has been the topic of a number of recent research reports. StockNews.com raised HSBC from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. Barclays raised shares of HSBC from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft downgraded HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. UBS Group restated a “neutral” rating on shares of HSBC in a report on Thursday, March 6th. Finally, Royal Bank of Canada restated a “sector perform” rating on shares of HSBC in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, HSBC presently has a consensus rating of “Moderate Buy”.

HSBC Stock Down 0.7 %

HSBC stock opened at $52.12 on Tuesday. HSBC Holdings plc has a 52 week low of $39.42 and a 52 week high of $61.88. The stock has a market cap of $185.60 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 1.05 and a beta of 0.40. The company’s 50-day moving average price is $55.38 and its two-hundred day moving average price is $50.62. 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 for the quarter, topping the consensus estimate of $1.41 by $0.04. HSBC had a return on equity of 12.20% and a net margin of 16.17%. The business had revenue of $11.56 billion during the quarter, compared to analyst estimates of $13.79 billion. On average, analysts expect that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 7th will be given a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a yield of 13.81%. The ex-dividend date is Friday, March 7th. HSBC’s payout ratio is 115.81%.

About HSBC

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.