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

Virtu Financial LLC raised its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 4.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. 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 reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HSBC. FMR LLC raised its position in shares of HSBC by 44.3% in the third quarter. FMR LLC now owns 2,442,205 shares of the financial services provider’s stock worth $110,363,000 after buying an additional 749,759 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in shares of HSBC by 2.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 514,642 shares of the financial services provider’s stock valued at $25,454,000 after purchasing an additional 14,095 shares during the last quarter. Natixis Advisors LLC raised its stake in shares of HSBC by 1.3% during the fourth quarter. Natixis Advisors LLC now owns 395,350 shares of the financial services provider’s stock worth $19,554,000 after acquiring an additional 5,013 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in HSBC during the fourth quarter valued at about $17,815,000. Finally, Bank of New York Mellon Corp grew its position in HSBC by 135.6% during the 4th quarter. Bank of New York Mellon Corp now owns 347,565 shares of the financial services provider’s stock worth $17,191,000 after acquiring an additional 200,054 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HSBC. UBS Group reissued a “neutral” rating on shares of HSBC in a 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 HSBC from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft cut shares of HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating on shares of HSBC in a report on Monday, February 3rd. Four equities research 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

HSBC Trading Up 0.7 %

NYSE:HSBC opened at $58.36 on Wednesday. The stock has a market cap of $207.82 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 1.05 and a beta of 0.51. HSBC Holdings plc has a 52 week low of $38.94 and a 52 week high of $61.88. 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 company’s 50 day moving average price is $55.22 and its 200-day moving average price is $49.48.

HSBC (NYSE:HSBC) last announced its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates 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%. On average, equities research analysts forecast that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Announces Dividend

The firm also recently declared 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. This represents a $7.20 annualized dividend and a dividend yield of 12.34%. The ex-dividend date is Friday, March 7th. HSBC’s payout ratio is currently 115.81%.

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.