Sanctuary Advisors LLC Invests $654,000 in HSBC Holdings plc (NYSE:HSBC)

Sanctuary Advisors LLC purchased a new position in HSBC Holdings plc (NYSE:HSBC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,597 shares of the financial services provider’s stock, valued at approximately $654,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Drive Wealth Management LLC boosted its holdings in shares of HSBC by 4.5% during the 2nd quarter. Drive Wealth Management LLC now owns 6,364 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 273 shares during the last quarter. Crumly & Associates Inc. boosted its stake in HSBC by 1.8% during the second quarter. Crumly & Associates Inc. now owns 15,970 shares of the financial services provider’s stock worth $695,000 after buying an additional 287 shares during the last quarter. PDS Planning Inc increased its stake in shares of HSBC by 2.4% in the 1st quarter. PDS Planning Inc now owns 13,335 shares of the financial services provider’s stock worth $525,000 after acquiring an additional 312 shares during the last quarter. 180 Wealth Advisors LLC raised its holdings in shares of HSBC by 5.9% during the 2nd quarter. 180 Wealth Advisors LLC now owns 6,036 shares of the financial services provider’s stock worth $262,000 after acquiring an additional 338 shares during the period. Finally, Lester Murray Antman dba SimplyRich boosted its position in shares of HSBC by 5.7% during the 1st quarter. Lester Murray Antman dba SimplyRich now owns 6,507 shares of the financial services provider’s stock valued at $257,000 after acquiring an additional 349 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors and hedge funds.

HSBC Stock Performance

NYSE HSBC opened at $44.38 on Tuesday. The stock has a market cap of $166.46 billion, a PE ratio of 7.65, a P/E/G ratio of 0.89 and a beta of 0.56. HSBC Holdings plc has a twelve month low of $35.30 and a twelve month high of $46.07. The stock has a fifty day simple moving average of $43.73 and a 200-day simple moving average of $43.30. The company has a current ratio of 0.89, a quick ratio of 0.96 and a debt-to-equity ratio of 0.65.

HSBC (NYSE:HSBC) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.65 earnings per share for the quarter. The firm had revenue of $16.54 billion during the quarter. HSBC had a net margin of 15.61% and a return on equity of 10.60%. Equities analysts anticipate that HSBC Holdings plc will post 6.22 earnings per share for the current year.

HSBC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 16th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.51%. The ex-dividend date was Friday, August 16th. HSBC’s payout ratio is 34.14%.

Analysts Set New Price Targets

Separately, Dbs Bank raised shares of HSBC to a “strong-buy” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, HSBC has an average rating of “Hold”.

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.