Virtu Financial LLC Buys 581 Shares of HSBC Holdings plc (NYSE:HSBC)

Virtu Financial LLC lifted its position in shares of HSBC Holdings plc (NYSE:HSBC) by 4.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,563 shares of the financial services provider’s stock after buying an additional 581 shares during the quarter. Virtu Financial LLC’s holdings in HSBC were worth $621,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HSBC. Bank of Montreal Can boosted its position in shares of HSBC by 124.3% during the 3rd quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider’s stock valued at $7,820,000 after acquiring an additional 94,991 shares during the last quarter. Wealthstar Advisors LLC purchased a new position in shares of HSBC during the fourth quarter valued at approximately $664,000. Entropy Technologies LP bought a new position in HSBC in the 4th quarter valued at $701,000. Ritholtz Wealth Management increased its stake in HSBC by 12.3% in the 4th quarter. Ritholtz Wealth Management now owns 141,108 shares of the financial services provider’s stock worth $6,979,000 after buying an additional 15,510 shares during the period. Finally, Perigon Wealth Management LLC purchased a new stake in HSBC in the 4th quarter valued at about $244,000. Institutional investors own 1.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Royal Bank of Canada restated a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd. UBS Group reaffirmed a “neutral” rating on shares of HSBC in a research note on Thursday, March 6th. Barclays upgraded shares of HSBC from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. Finally, StockNews.com upgraded shares of HSBC from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, HSBC has an average rating of “Moderate Buy”.

HSBC Trading Up 0.7 %

NYSE HSBC opened at $58.36 on Wednesday. HSBC Holdings plc has a 52 week low of $38.94 and a 52 week high of $61.88. The company has a 50 day moving average price of $55.22 and a 200 day moving average price of $49.48. The company has a quick ratio of 0.96, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. The firm has a market cap of $207.82 billion, a PE ratio of 9.41, a price-to-earnings-growth ratio of 1.05 and a beta of 0.51.

HSBC (NYSE:HSBC) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates 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 forecast that HSBC Holdings plc will post 6.66 EPS 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 issued a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a dividend yield of 12.34%. The ex-dividend date is Friday, March 7th. HSBC’s dividend payout ratio (DPR) is 115.81%.

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.