SVB Wealth LLC purchased a new stake in HSBC Holdings plc (NYSE:HSBC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 8,913 shares of the financial services provider's stock, valued at approximately $441,000.
A number of other hedge funds also recently bought and sold shares of the stock. Venturi Wealth Management LLC raised its position in HSBC by 58.2% in the 4th quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 210 shares in the last quarter. Huntington National Bank raised its position in HSBC by 11.9% in the 3rd quarter. Huntington National Bank now owns 2,122 shares of the financial services provider's stock valued at $96,000 after purchasing an additional 226 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in HSBC by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 21,909 shares of the financial services provider's stock valued at $990,000 after purchasing an additional 235 shares in the last quarter. Abel Hall LLC raised its position in HSBC by 4.3% in the 3rd quarter. Abel Hall LLC now owns 6,221 shares of the financial services provider's stock valued at $281,000 after purchasing an additional 257 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in HSBC by 1.9% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 14,185 shares of the financial services provider's stock valued at $641,000 after purchasing an additional 265 shares in the last quarter. Institutional investors and hedge funds own 1.48% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have issued reports on HSBC. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of HSBC in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft downgraded HSBC from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Barclays upgraded HSBC from an "equal weight" rating to an "overweight" rating in a report on Tuesday. Finally, StockNews.com downgraded HSBC from a "hold" rating to a "sell" rating in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold".
Get Our Latest Stock Analysis on HSBC
HSBC Stock Performance
NYSE:HSBC traded down $1.49 during mid-day trading on Friday, reaching $58.06. 3,596,485 shares of the stock were exchanged, compared to its average volume of 1,626,767. The company has a 50 day simple moving average of $53.30 and a 200-day simple moving average of $48.27. The stock has a market capitalization of $207.12 billion, a P/E ratio of 9.36, a P/E/G ratio of 1.05 and a beta of 0.51. The company has a quick ratio of 0.96, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. HSBC Holdings plc has a 1 year low of $36.93 and a 1 year high of $61.88.
HSBC (NYSE:HSBC - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.04. The firm had revenue of $11.56 billion for the quarter, compared to the consensus estimate of $13.79 billion. HSBC had a return on equity of 12.20% and a net margin of 16.17%. Analysts anticipate that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.
HSBC Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be paid 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 yield of 12.40%. HSBC's dividend payout ratio is presently 115.81%.
HSBC Profile
(
Free Report)
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.
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