Independent Advisor Alliance Takes Position in HSBC Holdings plc (NYSE:HSBC)

Independent Advisor Alliance acquired a new stake in HSBC Holdings plc (NYSE:HSBC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,228 shares of the financial services provider's stock, valued at approximately $259,000.

A number of other institutional investors also recently bought and sold shares of the business. FMR LLC increased its stake in HSBC by 44.3% in the third quarter. FMR LLC now owns 2,442,205 shares of the financial services provider's stock valued at $110,363,000 after purchasing an additional 749,759 shares during the period. Crossmark Global Holdings Inc. increased its stake in HSBC by 2.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 514,642 shares of the financial services provider's stock valued at $25,454,000 after purchasing an additional 14,095 shares during the period. Raymond James Financial Inc. acquired a new position in HSBC in the fourth quarter valued at $17,815,000. Bank of New York Mellon Corp increased its stake in HSBC by 135.6% in the fourth quarter. Bank of New York Mellon Corp now owns 347,565 shares of the financial services provider's stock valued at $17,191,000 after purchasing an additional 200,054 shares during the period. Finally, QRG Capital Management Inc. boosted its holdings in shares of HSBC by 11.7% in the fourth quarter. QRG Capital Management Inc. now owns 346,661 shares of the financial services provider's stock valued at $17,146,000 after acquiring an additional 36,219 shares in the last quarter. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on HSBC. StockNews.com raised shares of HSBC from a "sell" rating to a "hold" rating in a report on Tuesday, March 11th. Barclays raised shares of HSBC from an "equal weight" rating to an "overweight" rating in a report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft downgraded shares of HSBC from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of HSBC in a report on Monday, February 3rd. Finally, UBS Group reaffirmed a "neutral" rating on shares of HSBC in a report 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 stock has an average rating of "Moderate Buy".

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HSBC Price Performance

HSBC traded up $0.26 on Friday, hitting $57.87. 2,156,567 shares of the company were exchanged, compared to its average volume of 1,653,021. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88. The business's fifty day moving average is $54.86 and its 200 day moving average is $49.23. HSBC Holdings plc has a fifty-two week low of $38.94 and a fifty-two week high of $61.88. The firm has a market capitalization of $206.08 billion, a P/E ratio of 9.33, a price-to-earnings-growth ratio of 1.05 and a beta of 0.51.

HSBC (NYSE:HSBC - Get Free Report) last issued its earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share 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 for the quarter, compared to analyst estimates of $13.79 billion. As a group, sell-side analysts anticipate that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders 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 annualized dividend and a yield of 12.44%. HSBC's payout ratio is currently 115.81%.

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.