Ethic Inc. Has $8.63 Million Stock Position in HSBC Holdings plc (NYSE:HSBC)

Ethic Inc. increased its position in shares of HSBC Holdings plc (NYSE:HSBC) by 8.5% during the 4th quarter, HoldingsChannel reports. The fund owned 174,539 shares of the financial services provider’s stock after purchasing an additional 13,642 shares during the quarter. Ethic Inc.’s holdings in HSBC were worth $8,633,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. FORA Capital LLC boosted its position in shares of HSBC by 41.4% in the 4th quarter. FORA Capital LLC now owns 13,575 shares of the financial services provider’s stock worth $671,000 after purchasing an additional 3,976 shares during the last quarter. CoreCap Advisors LLC boosted its holdings in HSBC by 342.9% during the fourth quarter. CoreCap Advisors LLC now owns 589 shares of the financial services provider’s stock worth $29,000 after buying an additional 456 shares during the last quarter. Cetera Investment Advisers grew its position in shares of HSBC by 13.2% during the 4th quarter. Cetera Investment Advisers now owns 38,950 shares of the financial services provider’s stock worth $1,926,000 after buying an additional 4,552 shares during the period. Bridgefront Capital LLC acquired a new stake in shares of HSBC in the 4th quarter valued at approximately $283,000. Finally, Balyasny Asset Management L.P. bought a new position in HSBC during the 4th quarter worth approximately $1,093,000. Institutional investors own 1.48% of the company’s stock.

HSBC Stock Performance

HSBC opened at $56.74 on Friday. 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 $200.55 billion, a price-to-earnings ratio of 9.15, a P/E/G ratio of 1.05 and a beta of 0.53. The business’s 50-day moving average price is $55.08 and its two-hundred day moving average price is $51.67. HSBC Holdings plc has a 1 year low of $39.42 and a 1 year high of $61.88.

HSBC (NYSE:HSBC) last announced its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.35. The business had revenue of $17.74 billion for the quarter, compared to analyst estimates of $16.60 billion. HSBC had a net margin of 16.17% and a return on equity of 12.20%. Equities analysts expect that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, June 20th. Investors of record on Monday, May 12th will be given a $0.495 dividend. This represents a dividend yield of 3.5%. The ex-dividend date is Friday, May 9th. HSBC’s dividend payout ratio is currently 36.33%.

Analyst Ratings Changes

HSBC has been the topic of several analyst reports. Barclays upgraded shares of HSBC from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. UBS Group reissued a “neutral” rating on shares of HSBC in a research note 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 upgraded HSBC from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, HSBC presently has an average rating of “Moderate Buy”.

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.