AssuredPartners Investment Advisors LLC purchased a new stake in HSBC Holdings plc (NYSE:HSBC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 10,545 shares of the financial services provider's stock, valued at approximately $522,000.
Other hedge funds have also modified their holdings of the company. Berbice Capital Management LLC purchased a new position in shares of HSBC during the 4th quarter worth approximately $25,000. Venturi Wealth Management LLC lifted its stake in HSBC by 58.2% during the fourth quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider's stock worth $28,000 after purchasing an additional 210 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of HSBC during the fourth quarter worth $30,000. Larson Financial Group LLC raised its holdings in shares of HSBC by 138.5% in the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider's stock valued at $35,000 after buying an additional 450 shares during the period. Finally, Brooklyn Investment Group acquired a new position in HSBC during the 4th quarter worth about $49,000. 1.48% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts have recently commented on HSBC shares. Royal Bank of Canada reissued a "sector perform" rating on shares of HSBC in a research note on Monday, February 3rd. Barclays raised shares of HSBC from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, March 4th. StockNews.com upgraded HSBC from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th. UBS Group restated a "neutral" rating on shares of HSBC in a research note on Thursday, March 6th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of 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 assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, HSBC presently has an average rating of "Moderate Buy".
Get Our Latest Stock Analysis on HSBC
HSBC Stock Down 0.4 %
Shares of NYSE HSBC traded down $0.20 during mid-day trading on Tuesday, reaching $57.23. The company had a trading volume of 745,831 shares, compared to its average volume of 1,662,197. 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 52-week low of $39.04 and a 52-week high of $61.88. The stock has a market cap of $203.78 billion, a P/E ratio of 9.23, a PEG ratio of 1.05 and a beta of 0.51. The firm has a 50 day simple moving average of $55.82 and a two-hundred day simple moving average of $49.90.
HSBC (NYSE:HSBC - Get Free Report) last announced its earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share (EPS) 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 analysts' expectations of $13.79 billion. HSBC had a return on equity of 12.20% and a net margin of 16.17%. Sell-side analysts predict that HSBC Holdings plc will post 6.66 earnings per share for the current year.
HSBC Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be issued a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 12.58%. The ex-dividend date of this dividend is Friday, March 7th. HSBC's dividend payout ratio is presently 115.81%.
About HSBC
(
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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