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

Cwm LLC grew its position in shares of HSBC Holdings plc (NYSE:HSBC) by 3,518.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Milestone Investment Advisors LLC bought a new stake in HSBC during the third quarter worth about $26,000. Assetmark Inc. acquired a new position in shares of HSBC during the third quarter worth approximately $30,000. Paradigm Asset Management Co. LLC acquired a new position in shares of HSBC during the third quarter worth approximately $39,000. Fifth Third Bancorp lifted its position in shares of HSBC by 34.0% during the third quarter. Fifth Third Bancorp now owns 1,321 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 335 shares in the last quarter. Finally, Clear Street Markets LLC acquired a new position in shares of HSBC during the third quarter worth approximately $58,000. 1.48% of the stock is owned by institutional investors.

HSBC Trading Up 2.7 %

Shares of NYSE HSBC opened at $41.61 on Tuesday. The company’s 50 day simple moving average is $39.33 and its 200 day simple moving average is $39.08. HSBC Holdings plc has a fifty-two week low of $34.89 and a fifty-two week high of $42.47. The firm has a market capitalization of $157.36 billion, a P/E ratio of 7.30, a P/E/G ratio of 0.95 and a beta of 0.63. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.90 and a quick ratio of 0.90.

HSBC (NYSE:HSBC) last posted its earnings results on Wednesday, February 21st. The financial services provider reported $0.57 earnings per share for the quarter, missing the consensus estimate 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%. On average, 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. Shareholders of record on Friday, March 8th will be issued a $1.55 dividend. The ex-dividend date is Thursday, March 7th. This is a positive change from HSBC’s previous quarterly dividend of $0.50. This represents a $6.20 annualized dividend and a yield of 14.90%. HSBC’s dividend payout ratio (DPR) is 108.42%.

Analyst Ratings Changes

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

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.