Wells Fargo & Company MN Has $14.34 Million Stock Holdings in HSBC Holdings plc (NYSE:HSBC)

Wells Fargo & Company MN increased its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 5.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 289,887 shares of the financial services provider’s stock after buying an additional 14,640 shares during the period. Wells Fargo & Company MN’s holdings in HSBC were worth $14,338,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its stake in shares of HSBC by 4.5% during the fourth quarter. American Century Companies Inc. now owns 937,065 shares of the financial services provider’s stock valued at $46,347,000 after acquiring an additional 40,388 shares during the period. Crossmark Global Holdings Inc. lifted its position in 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 period. O Shaughnessy Asset Management LLC boosted its stake in shares of HSBC by 26.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 401,960 shares of the financial services provider’s stock valued at $19,881,000 after purchasing an additional 85,104 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of HSBC by 3.1% during the fourth quarter. Franklin Resources Inc. now owns 397,408 shares of the financial services provider’s stock worth $19,656,000 after buying an additional 11,864 shares during the last quarter. Finally, Natixis Advisors LLC lifted its holdings in HSBC by 1.3% in the fourth quarter. Natixis Advisors LLC now owns 395,350 shares of the financial services provider’s stock valued at $19,554,000 after buying an additional 5,013 shares during the period. Institutional investors own 1.48% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. 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 restated a “sector perform” rating on shares of HSBC in a report on Monday, February 3rd. StockNews.com raised HSBC from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. UBS Group reissued a “neutral” rating on shares of HSBC in a research note on Thursday, March 6th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, HSBC presently has an average rating of “Moderate Buy”.

HSBC Stock Up 2.5 %

Shares of HSBC stock opened at $51.13 on Tuesday. HSBC Holdings plc has a 1 year low of $39.42 and a 1 year high of $61.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.96. The company has a market capitalization of $182.07 billion, a P/E ratio of 8.25, a price-to-earnings-growth ratio of 1.05 and a beta of 0.40. The business has a 50-day moving average of $55.55 and a two-hundred day moving average of $50.37.

HSBC (NYSE:HSBC) last announced its earnings results 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. The firm had revenue of $11.56 billion for 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%. As a group, equities analysts predict that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders 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 yield of 14.08%. The ex-dividend date is Friday, March 7th. HSBC’s dividend payout ratio (DPR) is presently 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.