HSBC Holdings plc (NYSE:HSBC) Shares Bought by Callan Capital LLC

Callan Capital LLC lifted its holdings in HSBC Holdings plc (NYSE:HSBC) by 17.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,013 shares of the financial services provider’s stock after acquiring an additional 1,355 shares during the period. Callan Capital LLC’s holdings in HSBC were worth $446,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in HSBC. Bank of Montreal Can boosted its stake in shares of HSBC by 124.3% in the third quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider’s stock valued at $7,820,000 after purchasing an additional 94,991 shares during the period. Wealthstar Advisors LLC purchased a new position in shares of HSBC in the fourth quarter valued at $664,000. Entropy Technologies LP purchased a new position in shares of HSBC in the fourth quarter valued at $701,000. Ritholtz Wealth Management boosted its stake in shares of HSBC by 12.3% in the fourth quarter. Ritholtz Wealth Management now owns 141,108 shares of the financial services provider’s stock valued at $6,979,000 after purchasing an additional 15,510 shares during the period. Finally, Perigon Wealth Management LLC purchased a new position in shares of HSBC in the fourth quarter valued at $244,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Stock Up 0.2 %

HSBC stock opened at $56.07 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. HSBC Holdings plc has a fifty-two week low of $36.93 and a fifty-two week high of $57.08. The firm’s 50-day simple moving average is $51.26 and its 200 day simple moving average is $47.13. The stock has a market cap of $200.81 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of 1.05 and a beta of 0.54.

HSBC (NYSE:HSBC) last released its earnings results on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.41 by $0.04. The firm had revenue of $11.56 billion for the quarter, compared to analysts’ expectations of $13.79 billion. HSBC had a net margin of 16.17% and a return on equity of 12.20%. As a group, sell-side analysts predict that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 7th will be given a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $7.20 annualized dividend and a dividend yield of 12.84%. HSBC’s dividend payout ratio (DPR) is 31.94%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HSBC. Deutsche Bank Aktiengesellschaft downgraded shares of HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Royal Bank of Canada reiterated a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd.

HSBC 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.