Atria Investments Inc acquired a new stake in HSBC Holdings plc (NYSE:HSBC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,889 shares of the financial services provider's stock, valued at approximately $291,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Berbice Capital Management LLC purchased a new stake in shares of HSBC during the fourth quarter worth approximately $25,000. Venturi Wealth Management LLC increased its position in shares of 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 stake in shares of HSBC during the fourth quarter worth approximately $30,000. Larson Financial Group LLC grew its holdings in 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 in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in HSBC in the 4th quarter valued at $49,000. 1.48% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages have issued reports on HSBC. UBS Group restated a "neutral" rating on shares of HSBC in a report on Thursday, March 6th. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of HSBC in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft lowered HSBC from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. StockNews.com raised HSBC from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th. Finally, Barclays upgraded HSBC from an "equal weight" rating to an "overweight" rating in a report on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, HSBC currently has a consensus rating of "Moderate Buy".
Read Our Latest Stock Analysis on HSBC
HSBC Price Performance
Shares of HSBC traded up $0.26 during mid-day trading on Friday, hitting $57.87. The company's stock had a trading volume of 2,156,437 shares, compared to its average volume of 1,655,069. 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 firm has a 50-day simple moving average of $54.69 and a 200 day simple moving average of $49.10. The firm has a market capitalization of $206.08 billion, a P/E ratio of 9.33, a P/E/G ratio of 1.05 and a beta of 0.51. HSBC Holdings plc has a 1-year low of $38.94 and a 1-year high of $61.88.
HSBC (NYSE:HSBC - Get Free Report) last issued its quarterly earnings data 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. 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%. Analysts predict that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.
HSBC Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 7th will be given a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 12.44%. The ex-dividend date is Friday, March 7th. HSBC's dividend payout ratio is currently 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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