Dorsey & Whitney Trust CO LLC Raises Stake in HSBC Holdings plc (NYSE:HSBC)

Dorsey & Whitney Trust CO LLC grew its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 2.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,597 shares of the financial services provider’s stock after purchasing an additional 549 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in HSBC were worth $1,167,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in HSBC. FMR LLC boosted its position in shares of HSBC by 44.3% during the 3rd quarter. FMR LLC now owns 2,442,205 shares of the financial services provider’s stock worth $110,363,000 after purchasing an additional 749,759 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of HSBC during the 4th quarter worth $17,815,000. Bank of New York Mellon Corp raised its stake in shares of HSBC by 135.6% during the 4th quarter. Bank of New York Mellon Corp now owns 347,565 shares of the financial services provider’s stock worth $17,191,000 after buying an additional 200,054 shares during the last quarter. Janney Capital Management LLC acquired a new position in shares of HSBC during the 4th quarter worth $9,306,000. Finally, Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of HSBC during the 4th quarter worth $6,405,000. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

HSBC Trading Down 2.5 %

Shares of HSBC stock opened at $58.06 on Friday. The firm has a 50-day moving average price of $53.30 and a 200 day moving average price of $48.31. HSBC Holdings plc has a twelve month low of $36.93 and a twelve month high of $61.88. The company has a market capitalization of $207.12 billion, a price-to-earnings ratio of 9.36, a PEG 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 announced its earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.04. HSBC had a net margin of 16.17% and a return on equity of 12.20%. The firm had revenue of $11.56 billion during the quarter, compared to the consensus estimate of $13.79 billion. Research analysts forecast that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be paid a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 12.40%. The ex-dividend date is Friday, March 7th. HSBC’s payout ratio is 115.81%.

Analysts Set New Price Targets

HSBC has been the subject of several research reports. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft downgraded HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. StockNews.com downgraded HSBC from a “hold” rating to a “sell” rating in a research note on Monday, March 3rd. Finally, Barclays raised HSBC from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, HSBC presently has a consensus rating of “Hold”.

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.