2 weeks Ago By ABMN Staff
Sei Investments Co. increased its holdings in HSBC Holdings plc ( NYSE:HSBC – Free Report ) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 106,538 shares of the financial services provider’s stock after acquiring an additional 4,670 shares during the quarter. Sei Investments Co.’s holdings in HSBC were worth $5,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of HSBC. FMR LLC lifted its holdings in shares of HSBC by 44.3% during the third quarter.
FMR LLC now owns 2,442,205 shares of the financial services provider’s stock valued at $110,363,000 after purchasing an additional 749,759 shares during the last quarter. American Century Companies Inc. boosted its holdings in HSBC by 4.
5% in the fourth quarter. American Century Companies Inc. now owns 937,065 shares of the financial services provider’s stock worth $46,347,000 after acquiring an additional 40,388 shares in the last quarter.
Crossmark Global Holdings Inc. grew its stake in shares of HSBC by 2.8% in the fourth quarter.
Crossmark Global Holdings Inc. now owns 514,642 shares of the financial services provider’s stock worth $25,454,000 after acquiring an additional 14,095 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of HSBC by 1.
3% during the fourth quarter. Natixis Advisors LLC now owns 395,350 shares of the financial services provider’s stock valued at $19,554,000 after acquiring an additional 5,013 shares in the last quarter. Finally, Raymond James Financial Inc.
bought a new position in HSBC in the 4th quarter worth about $17,815,000. Institutional investors own 1.48% of the company’s stock.
HSBC Price Performance Shares of NYSE:HSBC opened at $57.28 on Wednesday. The firm’s 50 day moving average price is $55.
94 and its 200-day moving average price is $49.99. The company has a quick ratio of 0.
96, a current ratio of 0.88 and a debt-to-equity ratio of 0.69.
The stock has a market capitalization of $203.98 billion, a PE ratio of 9.24, a price-to-earnings-growth ratio of 1.
05 and a beta of 0.51. HSBC Holdings plc has a twelve month low of $39.
04 and a twelve month high of $61.88. HSBC Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th.
Shareholders of record on Friday, March 7th will be issued a dividend of $1.80 per share. This represents a $7.
20 annualized dividend and a yield of 12.57%. The ex-dividend date is Friday, March 7th.
HSBC’s dividend payout ratio is currently 115.81%. Analyst Upgrades and Downgrades Several research analysts have recently issued reports on HSBC shares.
StockNews.com upgraded shares of HSBC from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. Royal Bank of Canada reissued a “sector perform” rating on shares of HSBC in a report on Monday, February 3rd.
Deutsche Bank Aktiengesellschaft downgraded HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Barclays upgraded shares of HSBC from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 4th. Finally, UBS Group reiterated a “neutral” rating on shares of HSBC in a research note on Thursday, March 6th.
Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy”. Check Out Our Latest Stock Report on HSBC HSBC Company Profile ( Free Report ) 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. Read More Receive News & Ratings for HSBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC and related companies with MarketBeat.
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