Orion Portfolio Solutions LLC Has $2.07 Million Position in HSBC Holdings plc (NYSE:HSBC)

Orion Portfolio Solutions LLC increased its holdings in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 23.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 41,933 shares of the financial services provider's stock after purchasing an additional 7,908 shares during the period. Orion Portfolio Solutions LLC's holdings in HSBC were worth $2,074,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of HSBC. Tepp RIA LLC acquired a new stake in shares of HSBC during the 4th quarter worth about $392,000. AssuredPartners Investment Advisors LLC acquired a new stake in HSBC during the fourth quarter worth approximately $522,000. JPMorgan Chase & Co. boosted its holdings in shares of HSBC by 79.8% during the fourth quarter. JPMorgan Chase & Co. now owns 102,207 shares of the financial services provider's stock worth $5,055,000 after acquiring an additional 45,347 shares during the period. TIAA Trust National Association acquired a new position in shares of HSBC in the fourth quarter valued at approximately $210,000. Finally, GQG Partners LLC increased its stake in shares of HSBC by 129.5% during the fourth quarter. GQG Partners LLC now owns 172,913 shares of the financial services provider's stock worth $8,552,000 after purchasing an additional 97,574 shares during the period. Institutional investors and hedge funds own 1.48% of the company's stock.

HSBC Price Performance

HSBC stock traded down $1.44 during midday trading on Monday, reaching $48.40. The company had a trading volume of 6,473,430 shares, compared to its average volume of 1,706,078. The company has a market capitalization of $172.34 billion, a price-to-earnings ratio of 7.81, a price-to-earnings-growth ratio of 1.05 and a beta of 0.40. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.96. HSBC Holdings plc has a 1-year low of $39.42 and a 1-year high of $61.88. The stock has a 50 day moving average price of $56.02 and a 200-day moving average price of $50.23.

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HSBC (NYSE:HSBC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.04. The company had revenue of $11.56 billion during the quarter, compared to the consensus estimate of $13.79 billion. HSBC had a net margin of 16.17% and a return on equity of 12.20%. Equities research analysts expect that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 7th will be paid a $1.80 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $7.20 annualized dividend and a dividend yield of 14.88%. HSBC's payout ratio is 115.81%.

Analyst Ratings Changes

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

HSBC Company 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.