Sagespring Wealth Partners LLC Takes $641,000 Position in HSBC Holdings plc (NYSE:HSBC)

Sagespring Wealth Partners LLC acquired a new position in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,951 shares of the financial services provider's stock, valued at approximately $641,000.

A number of other large investors have also modified their holdings of HSBC. Seven Mile Advisory increased its holdings in HSBC by 3.6% during the 4th quarter. Seven Mile Advisory now owns 5,405 shares of the financial services provider's stock valued at $267,000 after purchasing an additional 190 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of HSBC by 58.2% in the fourth quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider's stock valued at $28,000 after buying an additional 210 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of HSBC by 1.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 21,909 shares of the financial services provider's stock worth $990,000 after purchasing an additional 235 shares in the last quarter. Horizon Investments LLC grew its stake in shares of HSBC by 1.4% during the fourth quarter. Horizon Investments LLC now owns 17,302 shares of the financial services provider's stock valued at $856,000 after purchasing an additional 245 shares during the last quarter. Finally, Sonoma Private Wealth LLC raised its position in HSBC by 3.9% in the 4th quarter. Sonoma Private Wealth LLC now owns 6,635 shares of the financial services provider's stock worth $328,000 after purchasing an additional 250 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors and hedge funds.

HSBC Trading Up 1.0 %

Shares of HSBC stock traded up $0.54 on Friday, reaching $52.52. The company had a trading volume of 1,700,273 shares, compared to its average volume of 1,746,736. The stock has a market cap of $187.04 billion, a PE ratio of 8.47, a PEG ratio of 1.05 and a beta of 0.40. The company has a 50-day moving average of $55.44 and a 200-day moving average of $50.58. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69. HSBC Holdings plc has a 12 month low of $39.42 and a 12 month high of $61.88.

HSBC (NYSE:HSBC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $13.79 billion. On average, equities analysts forecast that HSBC Holdings plc will post 6.66 earnings per share for the current 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 paid a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 13.71%. The ex-dividend date of this dividend is Friday, March 7th. HSBC's payout ratio is 115.81%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on HSBC shares. UBS Group reiterated a "neutral" rating on shares of HSBC in a research report on Thursday, March 6th. StockNews.com upgraded HSBC from a "sell" rating to a "hold" rating in a research report on Tuesday, March 11th. Royal Bank of Canada restated a "sector perform" rating on shares of HSBC in a research report on Monday, February 3rd. Barclays upgraded shares of HSBC from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of HSBC from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, HSBC presently has a consensus 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.