HSBC Holdings plc (NYSE:HSBC) Shares Acquired by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC raised its holdings in HSBC Holdings plc (NYSE:HSBC) by 6.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,724 shares of the financial services provider’s stock after purchasing an additional 429 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in HSBC were worth $265,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Prime Capital Investment Advisors LLC purchased a new position in shares of HSBC during the 4th quarter worth approximately $352,000. Wedmont Private Capital purchased a new stake in shares of HSBC in the first quarter valued at $203,000. Ativo Capital Management LLC acquired a new stake in HSBC during the fourth quarter worth about $1,181,000. Dimensional Fund Advisors LP boosted its stake in HSBC by 3.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,621,349 shares of the financial services provider’s stock valued at $471,129,000 after acquiring an additional 376,641 shares during the last quarter. Finally, Founders Financial Securities LLC acquired a new stake in HSBC during the first quarter valued at approximately $684,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

Analyst Ratings Changes

Separately, Barclays reaffirmed an “equal weight” rating on shares of HSBC in a report on Wednesday, March 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, HSBC presently has an average rating of “Hold” and an average target price of $761.75.

HSBC Stock Performance

Shares of HSBC stock opened at $44.09 on Wednesday. The business has a 50 day simple moving average of $43.90 and a 200 day simple moving average of $41.01. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $165.38 billion, a price-to-earnings ratio of 7.60, a price-to-earnings-growth ratio of 1.04 and a beta of 0.58. HSBC Holdings plc has a 12-month low of $35.30 and a 12-month high of $45.46.

HSBC (NYSE:HSBC) last issued its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.70 earnings per share for the quarter. The company had revenue of $20.75 billion during the quarter. HSBC had a net margin of 16.13% and a return on equity of 10.80%. On average, equities research analysts anticipate that HSBC Holdings plc will post 6.35 EPS for the current year.

HSBC Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, May 10th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend was Thursday, May 9th. HSBC’s payout ratio is 34.14%.

About HSBC

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.