Lindbrook Capital LLC Grows Stock Holdings in HSBC Holdings plc (NYSE:HSBC)

Lindbrook Capital LLC lifted its position in HSBC Holdings plc (NYSE:HSBC) by 9.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,375 shares of the financial services provider’s stock after buying an additional 748 shares during the quarter. Lindbrook Capital LLC’s holdings in HSBC were worth $340,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HSBC. Prime Capital Investment Advisors LLC acquired a new stake in HSBC in the 4th quarter valued at about $352,000. Ativo Capital Management LLC acquired a new position in HSBC during the 4th quarter worth approximately $1,181,000. Sequoia Financial Advisors LLC increased its position in shares of HSBC by 11.6% in the 4th quarter. Sequoia Financial Advisors LLC now owns 26,256 shares of the financial services provider’s stock valued at $1,064,000 after purchasing an additional 2,724 shares during the last quarter. Morgan Stanley raised its holdings in shares of HSBC by 0.9% in the 3rd quarter. Morgan Stanley now owns 8,374,688 shares of the financial services provider’s stock valued at $330,465,000 after purchasing an additional 73,129 shares in the last quarter. Finally, Sanders Capital LLC grew its stake in shares of HSBC by 29.0% during the third quarter. Sanders Capital LLC now owns 95,080 shares of the financial services provider’s stock worth $3,752,000 after purchasing an additional 21,380 shares in the last quarter. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

HSBC Stock Up 0.3 %

Shares of NYSE:HSBC opened at $40.52 on Monday. 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 stock has a market cap of $153.23 billion, a P/E ratio of 7.11, a P/E/G ratio of 0.95 and a beta of 0.63. HSBC Holdings plc has a 1-year low of $34.89 and a 1-year high of $42.47. The firm has a fifty day moving average price of $39.28 and a 200 day moving average price of $39.06.

HSBC (NYSE:HSBC) last released 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). HSBC had a return on equity of 12.89% and a net margin of 19.02%. The company had revenue of $13.02 billion for the quarter. Sell-side analysts predict that HSBC Holdings plc will post 7.24 EPS for the current year.

HSBC Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Friday, March 8th will be issued a $1.55 dividend. This is an increase from HSBC’s previous quarterly dividend of $0.50. The ex-dividend date is Thursday, March 7th. This represents a $6.20 annualized dividend and a dividend yield of 15.30%. HSBC’s payout ratio is presently 108.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on HSBC shares. Barclays reissued an “equal weight” rating on shares of HSBC in a research report on Wednesday, March 27th. BNP Paribas downgraded shares of HSBC from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $811.00.

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.