Savant Capital LLC Raises Holdings in HSBC Holdings plc (NYSE:HSBC)

Savant Capital LLC increased its position in HSBC Holdings plc (NYSE:HSBC) by 5.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 5,574 shares of the financial services provider’s stock after purchasing an additional 279 shares during the period. Savant Capital LLC’s holdings in HSBC were worth $226,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in HSBC. Milestone Investment Advisors LLC purchased a new stake in shares of HSBC in the third quarter valued at about $26,000. Assetmark Inc. acquired a new position in HSBC in the 3rd quarter valued at about $30,000. Addison Advisors LLC lifted its position in HSBC by 74.8% during the 4th quarter. Addison Advisors LLC now owns 895 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 383 shares during the period. Paradigm Asset Management Co. LLC purchased a new position in shares of HSBC in the 3rd quarter valued at approximately $39,000. Finally, Fifth Third Bancorp increased its holdings in shares of HSBC by 34.0% in the third quarter. Fifth Third Bancorp now owns 1,321 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 335 shares during the period. Hedge funds and other institutional investors own 1.48% of the company’s stock.

HSBC Stock Performance

Shares of HSBC opened at $44.98 on Wednesday. The company has a market capitalization of $170.10 billion, a PE ratio of 7.76, a P/E/G ratio of 1.00 and a beta of 0.58. HSBC Holdings plc has a 52-week low of $35.30 and a 52-week high of $45.28. The company has a 50-day simple moving average of $40.26 and a 200-day simple moving average of $39.34. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.51.

HSBC (NYSE:HSBC) last announced its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.57 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.33). The firm had revenue of $13.02 billion for the quarter. HSBC had a return on equity of 10.80% and a net margin of 16.13%. Equities research analysts predict that HSBC Holdings plc will post 6.77 earnings per share for the current fiscal year.

HSBC Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.45%. The ex-dividend date is Thursday, May 9th. HSBC’s dividend payout ratio (DPR) is 106.55%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on HSBC shares. BNP Paribas cut shares of HSBC from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 16th. Barclays reaffirmed an “equal weight” rating on shares of HSBC in a report on Wednesday, March 27th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, HSBC has an average rating of “Hold” and a consensus target price of $761.75.

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.