Mariner LLC Has $9.25 Million Holdings in HSBC Holdings plc (NYSE:HSBC)

Mariner LLC lifted its position in shares of HSBC Holdings plc (NYSE:HSBC) by 12.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 186,985 shares of the financial services provider’s stock after purchasing an additional 20,326 shares during the quarter. Mariner LLC’s holdings in HSBC were worth $9,248,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. FMR LLC lifted its stake in shares of HSBC by 18.1% in the fourth quarter. FMR LLC now owns 2,883,238 shares of the financial services provider’s stock valued at $142,605,000 after buying an additional 441,033 shares in the last quarter. Raymond James Financial Inc. bought a new position in HSBC in the 4th quarter valued at about $17,815,000. Bank of New York Mellon Corp boosted its stake 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 valued at $17,191,000 after purchasing an additional 200,054 shares during the last quarter. Janney Capital Management LLC purchased a new stake in shares of HSBC in the fourth quarter worth approximately $9,306,000. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of HSBC in the fourth quarter valued at approximately $6,405,000. 1.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HSBC. Barclays upgraded HSBC from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. UBS Group reiterated a “neutral” rating on shares of HSBC in a report on Thursday, March 6th. Royal Bank of Canada reissued a “sector perform” rating on shares of HSBC in a research report on Monday, February 3rd. StockNews.com raised shares of HSBC from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Finally, Deutsche Bank Aktiengesellschaft downgraded HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

HSBC Price Performance

Shares of NYSE:HSBC opened at $52.52 on Friday. The company has a market capitalization of $187.04 billion, a P/E ratio of 8.47, a price-to-earnings-growth ratio of 1.05 and a beta of 0.40. The company’s 50-day moving average is $55.44 and its 200 day moving average is $50.50. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88. HSBC Holdings plc has a fifty-two week low of $39.42 and a fifty-two week high of $61.88.

HSBC (NYSE:HSBC) last released its earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.04. The firm had revenue of $11.56 billion during 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%. On average, equities research analysts forecast that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Dividend Announcement

The company 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. The ex-dividend date of this dividend is Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 13.71%. HSBC’s dividend payout ratio is presently 115.81%.

HSBC 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.