Fox Run Management L.L.C. Purchases Shares of 7,204 HSBC Holdings plc (NYSE:HSBC)

Fox Run Management L.L.C. acquired a new position in HSBC Holdings plc (NYSE:HSBC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,204 shares of the financial services provider’s stock, valued at approximately $356,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC lifted its stake in HSBC by 44.3% during the 3rd quarter. FMR LLC now owns 2,442,205 shares of the financial services provider’s stock valued at $110,363,000 after acquiring an additional 749,759 shares during the period. American Century Companies Inc. lifted its position in HSBC by 4.5% during the fourth quarter. American Century Companies Inc. now owns 937,065 shares of the financial services provider’s stock valued at $46,347,000 after purchasing an additional 40,388 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in HSBC by 2.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 514,642 shares of the financial services provider’s stock valued at $25,454,000 after purchasing an additional 14,095 shares during the last quarter. Natixis Advisors LLC raised its stake in shares of HSBC by 1.3% during the 4th quarter. Natixis Advisors LLC now owns 395,350 shares of the financial services provider’s stock valued at $19,554,000 after buying an additional 5,013 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of HSBC in the 4th quarter valued at about $17,815,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Stock Performance

NYSE:HSBC opened at $58.33 on Thursday. 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 stock has a market capitalization of $207.70 billion, a PE ratio of 9.41, a P/E/G ratio of 1.05 and a beta of 0.51. HSBC Holdings plc has a fifty-two week low of $38.94 and a fifty-two week high of $61.88. The company has a fifty day moving average of $55.39 and a two-hundred day moving average of $49.55.

HSBC (NYSE:HSBC) last issued its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $13.79 billion. As a group, research analysts forecast that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Announces Dividend

The company 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 dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 12.34%. The ex-dividend date is Friday, March 7th. HSBC’s payout ratio is 115.81%.

Analysts Set New Price Targets

Several research analysts recently weighed in on HSBC shares. UBS Group reiterated a “neutral” rating on shares of HSBC in a research report on Thursday, March 6th. Deutsche Bank Aktiengesellschaft cut shares of HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Barclays raised shares of HSBC from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. Royal Bank of Canada reissued a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd. Finally, StockNews.com upgraded HSBC from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, HSBC 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.