May Hill Capital LLC Invests $551,000 in HSBC Holdings plc (NYSE:HSBC)

May Hill Capital LLC bought a new stake in shares of HSBC Holdings plc (NYSE:HSBC) during the 4th quarter, HoldingsChannel.com reports. The fund bought 11,146 shares of the financial services provider’s stock, valued at approximately $551,000.

Other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in HSBC by 14.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 215,748 shares of the financial services provider’s stock worth $9,750,000 after acquiring an additional 27,495 shares during the last quarter. Bank of Montreal Can grew its position in HSBC by 124.3% in the 3rd quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider’s stock worth $7,820,000 after purchasing an additional 94,991 shares in the last quarter. FMR LLC increased its stake in HSBC by 44.3% in the 3rd quarter. FMR LLC now owns 2,442,205 shares of the financial services provider’s stock valued at $110,363,000 after buying an additional 749,759 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of HSBC by 383.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 93,675 shares of the financial services provider’s stock worth $4,233,000 after buying an additional 74,295 shares in the last quarter. Finally, Townsquare Capital LLC boosted its stake in shares of HSBC by 103.9% in the 3rd quarter. Townsquare Capital LLC now owns 17,820 shares of the financial services provider’s stock worth $805,000 after buying an additional 9,079 shares during the last quarter. Institutional investors own 1.48% of the company’s stock.

HSBC Trading Down 0.6 %

Shares of HSBC stock opened at $57.44 on Tuesday. 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 $204.54 billion, a P/E ratio of 9.26, a P/E/G ratio of 1.05 and a beta of 0.51. HSBC Holdings plc has a 52-week low of $39.04 and a 52-week high of $61.88. The stock’s 50-day simple moving average is $55.82 and its 200 day simple moving average is $49.90.

HSBC (NYSE:HSBC) last released its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.41 by $0.04. HSBC had a net margin of 16.17% and a return on equity of 12.20%. The company had revenue of $11.56 billion during the quarter, compared to the consensus estimate of $13.79 billion. As a group, research analysts anticipate that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a yield of 12.54%. HSBC’s dividend payout ratio (DPR) is 115.81%.

Analyst Upgrades and Downgrades

HSBC has been the topic of a number of recent analyst reports. Barclays upgraded HSBC from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. UBS Group restated a “neutral” rating on shares of HSBC in a research report on Thursday, March 6th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of HSBC in a research report on Monday, February 3rd. StockNews.com raised shares of HSBC from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Finally, Deutsche Bank Aktiengesellschaft cut shares of HSBC from a “buy” rating to a “hold” rating in a 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 issued a strong buy rating to the company. According to MarketBeat, the company 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.