May Hill Capital LLC Buys Shares of 11,146 HSBC Holdings plc (NYSE:HSBC)

May Hill Capital LLC purchased a new position in shares of HSBC Holdings plc (NYSE:HSBC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,146 shares of the financial services provider’s stock, valued at approximately $551,000.

A number of other large investors also recently modified their holdings of HSBC. National Bank of Canada FI boosted its position in HSBC by 739.7% during the 4th quarter. National Bank of Canada FI now owns 15,577 shares of the financial services provider’s stock worth $770,000 after buying an additional 13,722 shares during the period. HighPoint Advisor Group LLC grew its stake in shares of HSBC by 24.9% in the fourth quarter. HighPoint Advisor Group LLC now owns 14,028 shares of the financial services provider’s stock worth $766,000 after purchasing an additional 2,801 shares during the last quarter. Franklin Resources Inc. increased its holdings in HSBC by 3.1% in the fourth quarter. Franklin Resources Inc. now owns 397,408 shares of the financial services provider’s stock valued at $19,656,000 after purchasing an additional 11,864 shares during the period. Seven Mile Advisory lifted its holdings in HSBC by 3.6% during the 4th quarter. Seven Mile Advisory now owns 5,405 shares of the financial services provider’s stock worth $267,000 after buying an additional 190 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its position in shares of HSBC by 26.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 401,960 shares of the financial services provider’s stock valued at $19,881,000 after buying an additional 85,104 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors.

HSBC Trading Down 0.6 %

HSBC opened at $57.44 on Tuesday. The company has a fifty day moving average price of $55.82 and a two-hundred day moving average price of $49.90. HSBC Holdings plc has a 1-year low of $39.04 and a 1-year high of $61.88. The company has a market cap of $204.54 billion, a P/E ratio of 9.26, a price-to-earnings-growth ratio of 1.05 and a beta of 0.51. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69.

HSBC (NYSE:HSBC) last issued its earnings results on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.04. HSBC had a return on equity of 12.20% and a net margin of 16.17%. The business had revenue of $11.56 billion during the quarter, compared to analyst estimates of $13.79 billion. Analysts predict that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be given a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 12.54%. The ex-dividend date of this dividend is Friday, March 7th. HSBC’s payout ratio is currently 115.81%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HSBC. Barclays raised HSBC from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 4th. Royal Bank of Canada reiterated a “sector perform” rating on shares of HSBC in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft lowered shares of HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. UBS Group reiterated a “neutral” rating on shares of HSBC in a report on Thursday, March 6th. Finally, StockNews.com raised HSBC from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

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.