TIAA Trust National Association Makes New Investment in HSBC Holdings plc (NYSE:HSBC)

TIAA Trust National Association bought a new position in shares of HSBC Holdings plc (NYSE:HSBC) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 4,241 shares of the financial services provider’s stock, valued at approximately $210,000.

Several other institutional investors have also modified their holdings of the business. GQG Partners LLC increased its holdings in HSBC by 129.5% during the 4th quarter. GQG Partners LLC now owns 172,913 shares of the financial services provider’s stock worth $8,552,000 after purchasing an additional 97,574 shares during the last quarter. LPL Financial LLC grew its position in shares of HSBC by 23.2% during the fourth quarter. LPL Financial LLC now owns 153,518 shares of the financial services provider’s stock worth $7,593,000 after buying an additional 28,875 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of HSBC in the fourth quarter worth $356,000. Sei Investments Co. raised its holdings in HSBC by 4.6% in the fourth quarter. Sei Investments Co. now owns 106,538 shares of the financial services provider’s stock valued at $5,270,000 after acquiring an additional 4,670 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings 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 acquiring an additional 40,388 shares in the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

Analysts Set New Price Targets

HSBC has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of HSBC in a research report on Monday, February 3rd. UBS Group reiterated a “neutral” rating on shares of HSBC in a research report on Thursday, March 6th. StockNews.com raised HSBC from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Barclays raised shares of HSBC from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, HSBC has an average rating of “Moderate Buy”.

HSBC Stock Down 1.0 %

Shares of HSBC stock opened at $57.77 on Friday. HSBC Holdings plc has a twelve month low of $39.04 and a twelve month high of $61.88. The stock has a market capitalization of $205.71 billion, a price-to-earnings ratio of 9.32, 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. The business’s 50 day simple moving average is $55.68 and its 200-day simple moving average is $49.70.

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

HSBC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 7th will be given a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 12.46%. The ex-dividend date is Friday, March 7th. HSBC’s dividend payout ratio (DPR) is 115.81%.

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.