Syon Capital LLC Has $594,000 Stake in HSBC Holdings plc (NYSE:HSBC)

Syon Capital LLC increased its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 36.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 14,644 shares of the financial services provider’s stock after purchasing an additional 3,941 shares during the period. Syon Capital LLC’s holdings in HSBC were worth $594,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in HSBC. Milestone Investment Advisors LLC bought a new stake in HSBC during the 3rd quarter valued at approximately $26,000. Assetmark Inc. bought a new stake in HSBC during the 3rd quarter valued at approximately $30,000. Paradigm Asset Management Co. LLC bought a new stake in HSBC during the 3rd quarter valued at approximately $39,000. Fifth Third Bancorp boosted its stake in HSBC by 34.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,321 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 335 shares during the period. Finally, Clear Street Markets LLC bought a new stake in HSBC during the 3rd quarter valued at approximately $58,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Trading Up 0.2 %

Shares of NYSE:HSBC traded up $0.09 during midday trading on Friday, hitting $41.90. The company had a trading volume of 1,396,249 shares, compared to its average volume of 2,231,797. HSBC Holdings plc has a 12 month low of $35.30 and a 12 month high of $42.47. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.62. The stock has a market cap of $158.45 billion, a price-to-earnings ratio of 7.35, a PEG ratio of 0.98 and a beta of 0.63. The firm has a fifty day simple moving average of $39.48 and a 200 day simple moving average of $39.12.

HSBC (NYSE:HSBC) last posted its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.33). HSBC had a return on equity of 12.89% and a net margin of 19.02%. The company had revenue of $13.02 billion during the quarter. On average, analysts predict that HSBC Holdings plc will post 7.24 EPS for the current year.

HSBC Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Friday, March 8th were issued a dividend of $1.55 per share. The ex-dividend date was Thursday, March 7th. This is a positive change from HSBC’s previous quarterly dividend of $0.50. This represents a $6.20 annualized dividend and a yield of 14.80%. HSBC’s payout ratio is currently 108.42%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HSBC. BNP Paribas downgraded HSBC from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 16th. Barclays reaffirmed an “equal weight” rating on shares of HSBC in a report on Wednesday, March 27th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, HSBC has a consensus rating of “Hold” and an average target price of $811.00.

About HSBC

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.