LPL Financial LLC grew its holdings in HSBC Holdings plc (NYSE:HSBC - Free Report) by 23.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 153,518 shares of the financial services provider's stock after buying an additional 28,875 shares during the quarter. LPL Financial LLC's holdings in HSBC were worth $7,593,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Berbice Capital Management LLC bought a new position in shares of HSBC during the fourth quarter valued at $25,000. Venturi Wealth Management LLC lifted its holdings in HSBC by 58.2% during 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 during the last quarter. Whipplewood Advisors LLC acquired a new position in HSBC in the fourth quarter valued at about $30,000. Brooklyn Investment Group acquired a new stake in shares of HSBC during the fourth quarter worth approximately $49,000. Finally, Sierra Ocean LLC bought a new position in shares of HSBC in the fourth quarter valued at approximately $73,000. 1.48% of the stock is owned by institutional investors.
HSBC Price Performance
Shares of HSBC stock opened at $49.87 on Friday. 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 12 month low of $39.42 and a 12 month high of $61.88. The firm has a market cap of $177.57 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 1.05 and a beta of 0.40. The stock has a 50-day moving average price of $56.09 and a 200 day moving average price of $50.16.
HSBC (NYSE:HSBC - Get Free Report) last posted 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 business 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%. Research analysts expect 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 paid a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 14.44%. The ex-dividend date of this dividend is Friday, March 7th. HSBC's payout ratio is 115.81%.
Wall Street Analyst Weigh In
A number of research firms recently commented on HSBC. StockNews.com upgraded HSBC from a "sell" rating to a "hold" rating in a research report on Tuesday, March 11th. UBS Group restated a "neutral" rating on shares of HSBC in a research note on Thursday, March 6th. Deutsche Bank Aktiengesellschaft downgraded shares of HSBC from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Royal Bank of Canada restated a "sector perform" rating on shares of HSBC in a research report on Monday, February 3rd. 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 assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy".
Read Our Latest Research Report on HSBC
HSBC Company 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.
Further Reading
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