Janney Capital Management LLC Buys New Shares in HSBC Holdings plc (NYSE:HSBC)

Janney Capital Management LLC purchased a new position in HSBC Holdings plc (NYSE:HSBC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 188,151 shares of the financial services provider’s stock, valued at approximately $9,306,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bank of Montreal Can grew its position in HSBC by 124.3% during the third quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider’s stock valued at $7,820,000 after acquiring an additional 94,991 shares during the period. Ritholtz Wealth Management lifted its position in HSBC by 12.3% during the fourth quarter. Ritholtz Wealth Management now owns 141,108 shares of the financial services provider’s stock valued at $6,979,000 after buying an additional 15,510 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of HSBC by 383.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 93,675 shares of the financial services provider’s stock valued at $4,233,000 after acquiring an additional 74,295 shares during the period. Park Avenue Securities LLC lifted its stake in shares of HSBC by 18.8% during the fourth quarter. Park Avenue Securities LLC now owns 32,689 shares of the financial services provider’s stock worth $1,617,000 after purchasing an additional 5,182 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in shares of HSBC by 40.0% in the third quarter. Stifel Financial Corp now owns 138,127 shares of the financial services provider’s stock valued at $6,242,000 after buying an additional 39,465 shares in the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

HSBC Stock Performance

HSBC stock opened at $51.22 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 0.96. HSBC Holdings plc has a one year low of $36.93 and a one year high of $51.60. The stock’s 50 day moving average price is $48.21 and its 200 day moving average price is $45.45. The firm has a market capitalization of $183.46 billion, a PE ratio of 8.47, a price-to-earnings-growth ratio of 1.34 and a beta of 0.54.

HSBC (NYSE:HSBC) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $1.70 earnings per share for the quarter. HSBC had a net margin of 15.70% and a return on equity of 10.71%. The business had revenue of $36.62 billion during the quarter. During the same quarter last year, the company posted $1.45 earnings per share. As a group, sell-side analysts expect that HSBC Holdings plc will post 6.67 EPS for the current fiscal year.

HSBC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 8th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 3.90%. HSBC’s dividend payout ratio is presently 32.73%.

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.