Sage Rhino Capital LLC Has $621,000 Position in HSBC Holdings plc (NYSE:HSBC)

Sage Rhino Capital LLC reduced its position in shares of HSBC Holdings plc (NYSE:HSBC) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,549 shares of the financial services provider’s stock after selling 226 shares during the period. Sage Rhino Capital LLC’s holdings in HSBC were worth $621,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC increased its stake in HSBC by 44.3% during the 3rd quarter. FMR LLC now owns 2,442,205 shares of the financial services provider’s stock worth $110,363,000 after acquiring an additional 749,759 shares during the period. Crossmark Global Holdings Inc. increased its stake 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 worth $25,454,000 after acquiring an additional 14,095 shares during the period. Bank of New York Mellon Corp increased 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 worth $17,191,000 after acquiring an additional 200,054 shares during the period. QRG Capital Management Inc. increased its stake in HSBC by 11.7% during the 4th quarter. QRG Capital Management Inc. now owns 346,661 shares of the financial services provider’s stock worth $17,146,000 after acquiring an additional 36,219 shares during the period. Finally, Meritage Portfolio Management increased its stake in HSBC by 5.6% during the 4th quarter. Meritage Portfolio Management now owns 318,825 shares of the financial services provider’s stock worth $15,769,000 after acquiring an additional 17,012 shares during the period. Institutional investors own 1.48% of the company’s stock.

HSBC Price Performance

HSBC stock opened at $59.89 on Monday. 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 52 week low of $36.93 and a 52 week high of $59.91. The stock has a market capitalization of $214.49 billion, a P/E ratio of 9.66, a price-to-earnings-growth ratio of 1.05 and a beta of 0.54. The stock has a fifty day moving average of $52.22 and a 200-day moving average of $47.75.

HSBC (NYSE:HSBC) last posted its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.04. HSBC had a return on equity of 12.20% and a net margin of 16.17%. The company had revenue of $11.56 billion during the quarter, compared to analysts’ expectations of $13.79 billion. On average, sell-side analysts expect that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal 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 $1.80 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a yield of 12.02%. HSBC’s payout ratio is presently 115.81%.

Analysts Set New Price Targets

A number of research firms have commented on HSBC. Royal Bank of Canada restated a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft cut HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd.

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.