Tepp RIA LLC Makes New Investment in HSBC Holdings plc (NYSE:HSBC)

Tepp RIA LLC bought a new stake in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,918 shares of the financial services provider's stock, valued at approximately $392,000. HSBC makes up about 0.6% of Tepp RIA LLC's investment portfolio, making the stock its 19th largest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC grew its stake in shares of HSBC by 44.3% in the 3rd quarter. FMR LLC now owns 2,442,205 shares of the financial services provider's stock worth $110,363,000 after buying an additional 749,759 shares during the last quarter. American Century Companies Inc. boosted its holdings in HSBC by 4.5% in the fourth quarter. American Century Companies Inc. now owns 937,065 shares of the financial services provider's stock worth $46,347,000 after acquiring an additional 40,388 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of HSBC by 2.8% in the fourth 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 last quarter. Natixis Advisors LLC raised its position in shares of HSBC by 1.3% in the 4th quarter. Natixis Advisors LLC now owns 395,350 shares of the financial services provider's stock worth $19,554,000 after purchasing an additional 5,013 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in HSBC in the 4th quarter worth about $17,815,000. Hedge funds and other institutional investors own 1.48% of the company's stock.

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HSBC Stock Performance

NYSE HSBC traded down $0.14 on Tuesday, hitting $57.29. 871,338 shares of the company traded hands, compared to its average volume of 2,540,261. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69. The business's 50 day moving average price is $55.82 and its 200-day moving average price is $49.90. The company has a market capitalization of $204.02 billion, a price-to-earnings ratio of 9.24, a P/E/G ratio of 1.05 and a beta of 0.51. HSBC Holdings plc has a 52-week low of $39.04 and a 52-week high of $61.88.

HSBC (NYSE:HSBC - Get Free Report) last released its 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 net margin of 16.17% and a return on equity of 12.20%. The company had revenue of $11.56 billion during the quarter, compared to analyst estimates of $13.79 billion. Equities analysts expect that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors 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 12.57%. HSBC's dividend payout ratio is 115.81%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HSBC shares. Deutsche Bank Aktiengesellschaft downgraded shares of HSBC from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. StockNews.com upgraded HSBC from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th. Royal Bank of Canada reiterated a "sector perform" rating on shares of HSBC in a research report on Monday, February 3rd. Barclays raised HSBC from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, March 4th. Finally, UBS Group reiterated a "neutral" rating on shares of HSBC in a research note on Thursday, March 6th. Four investment 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 stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy".

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.