Benjamin Edwards Inc. Takes $293,000 Position in HSBC Holdings plc (NYSE:HSBC)

Benjamin Edwards Inc. acquired a new stake in HSBC Holdings plc (NYSE:HSBC) in the fourth quarter, Holdings Channel.com reports. The fund acquired 5,929 shares of the financial services provider’s stock, valued at approximately $293,000.

A number of other institutional investors have also modified their holdings of HSBC. FMR LLC grew its stake in HSBC by 18.1% during the 4th quarter. FMR LLC now owns 2,883,238 shares of the financial services provider’s stock worth $142,605,000 after purchasing an additional 441,033 shares in the last quarter. Northern Trust Corp grew its stake in HSBC by 52.0% during the 4th quarter. Northern Trust Corp now owns 2,781,307 shares of the financial services provider’s stock worth $137,563,000 after purchasing an additional 951,050 shares in the last quarter. American Century Companies Inc. grew its stake in HSBC by 4.5% during the 4th quarter. American Century Companies Inc. now owns 937,065 shares of the financial services provider’s stock worth $46,347,000 after purchasing an additional 40,388 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in HSBC by 2.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 514,642 shares of the financial services provider’s stock worth $25,454,000 after purchasing an additional 14,095 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of HSBC by 26.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 401,960 shares of the financial services provider’s stock worth $19,881,000 after acquiring an additional 85,104 shares in the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Stock Up 0.1%

HSBC stock opened at $56.74 on Monday. HSBC Holdings plc has a fifty-two week low of $39.42 and a fifty-two week high of $61.88. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88. The company has a market capitalization of $200.55 billion, a P/E ratio of 9.15, a PEG ratio of 1.05 and a beta of 0.53. The stock has a 50-day simple moving average of $55.08 and a 200-day simple moving average of $51.77.

HSBC (NYSE:HSBC) last posted its earnings results on Tuesday, April 29th. The financial services provider reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.35. HSBC had a return on equity of 12.20% and a net margin of 16.17%. The business had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $16.60 billion. Equities research analysts expect that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, May 12th will be paid a dividend of $0.495 per share. This represents a yield of 3.5%. The ex-dividend date of this dividend is Friday, May 9th. HSBC’s dividend payout ratio is presently 36.33%.

Analysts Set New Price Targets

Several research firms have recently issued reports on HSBC. StockNews.com raised HSBC from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft cut HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of HSBC in a research report on Monday, February 3rd. Barclays raised HSBC from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 4th. Finally, UBS Group reaffirmed a “neutral” rating on shares of HSBC in a research report on Thursday, March 6th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

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.