Greenleaf Trust Raises Stake in HSBC Holdings plc (NYSE:HSBC)

Greenleaf Trust grew its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 4.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,665 shares of the financial services provider’s stock after purchasing an additional 459 shares during the period. Greenleaf Trust’s holdings in HSBC were worth $432,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in HSBC. Grantham Mayo Van Otterloo & Co. LLC boosted its position in shares of HSBC by 167.4% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 842,864 shares of the financial services provider’s stock worth $33,259,000 after purchasing an additional 527,677 shares in the last quarter. American Century Companies Inc. boosted its position in shares of HSBC by 39.4% in the 3rd quarter. American Century Companies Inc. now owns 698,250 shares of the financial services provider’s stock worth $27,553,000 after buying an additional 197,283 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in shares of HSBC in the 3rd quarter worth about $6,706,000. Ramirez Asset Management Inc. purchased a new stake in shares of HSBC in the 3rd quarter worth about $4,384,000. Finally, Quantbot Technologies LP purchased a new stake in shares of HSBC in the 3rd quarter worth about $3,972,000. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HSBC has been the topic of several recent research reports. BNP Paribas lowered shares of HSBC from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 16th. Barclays reiterated an “equal weight” rating on shares of HSBC in a research report on Wednesday, March 27th. Two equities 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 company’s stock. According to data from MarketBeat, HSBC presently has an average rating of “Hold” and a consensus target price of $811.00.

HSBC Price Performance

NYSE:HSBC opened at $41.90 on Wednesday. The firm has a market cap of $158.43 billion, a price-to-earnings ratio of 7.35, a price-to-earnings-growth ratio of 0.95 and a beta of 0.63. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.62. The company’s 50-day moving average is $39.40 and its two-hundred day moving average is $39.09. HSBC Holdings plc has a 12-month low of $34.89 and a 12-month high of $42.47.

HSBC (NYSE:HSBC) last posted its 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). The business had revenue of $13.02 billion for the quarter. HSBC had a return on equity of 12.89% and a net margin of 19.02%. Research analysts expect that HSBC Holdings plc will post 7.24 EPS for the current year.

HSBC Increases Dividend

The business also recently declared 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. This represents a $6.20 dividend on an annualized basis and a yield of 14.80%. The ex-dividend date is Thursday, March 7th. This is a boost from HSBC’s previous quarterly dividend of $0.50. HSBC’s dividend payout ratio is currently 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.