HSBC Holdings plc (NYSE:HSBC) Shares Bought by GQG Partners LLC

GQG Partners LLC lifted its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 129.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 172,913 shares of the financial services provider’s stock after buying an additional 97,574 shares during the quarter. GQG Partners LLC’s holdings in HSBC were worth $8,552,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Berbice Capital Management LLC acquired a new stake in shares of HSBC in the fourth quarter valued at about $25,000. Venturi Wealth Management LLC boosted its holdings in HSBC by 58.2% in the 4th quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock worth $28,000 after buying an additional 210 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in HSBC in the 4th quarter worth about $30,000. Larson Financial Group LLC raised its holdings in shares of HSBC by 138.5% during the third quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 450 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of HSBC in the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Price Performance

HSBC stock opened at $58.08 on Tuesday. 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 company has a 50-day moving average price of $55.04 and a 200 day moving average price of $49.37. HSBC Holdings plc has a 12-month low of $38.94 and a 12-month high of $61.88. The stock has a market cap of $206.84 billion, a P/E ratio of 9.37, a PEG ratio of 1.05 and a beta of 0.51.

HSBC (NYSE:HSBC) last announced its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.04. The business had revenue of $11.56 billion during the quarter, compared to the consensus estimate of $13.79 billion. HSBC had a net margin of 16.17% and a return on equity of 12.20%. Sell-side analysts anticipate that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 12.40%. The ex-dividend date of this dividend is Friday, March 7th. HSBC’s payout ratio is 115.81%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft downgraded HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Barclays upgraded shares of HSBC from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 4th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd. StockNews.com raised shares of HSBC from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. Finally, UBS Group restated a “neutral” rating on shares of HSBC in a research report on Thursday, March 6th. Four 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 company. According to MarketBeat, HSBC has an average 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.