Venturi Wealth Management LLC Raises Holdings in HSBC Holdings plc (NYSE:HSBC)

Venturi Wealth Management LLC raised its position in HSBC Holdings plc (NYSE:HSBC) by 58.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 571 shares of the financial services provider’s stock after purchasing an additional 210 shares during the period. Venturi Wealth Management LLC’s holdings in HSBC were worth $28,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. FMR LLC lifted its position in HSBC by 44.3% during the third quarter. FMR LLC now owns 2,442,205 shares of the financial services provider’s stock worth $110,363,000 after buying an additional 749,759 shares in the last quarter. Janney Capital Management LLC acquired a new stake in shares of HSBC in the 4th quarter worth $9,306,000. Bank of Montreal Can raised its holdings in shares of HSBC by 124.3% during the 3rd quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider’s stock worth $7,820,000 after acquiring an additional 94,991 shares during the period. BNP Paribas Financial Markets boosted its position in shares of HSBC by 383.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 93,675 shares of the financial services provider’s stock valued at $4,233,000 after acquiring an additional 74,295 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in HSBC by 15.7% during the third quarter. Crossmark Global Holdings Inc. now owns 500,547 shares of the financial services provider’s stock worth $22,620,000 after purchasing an additional 67,941 shares during the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Stock Up 0.7 %

Shares of NYSE:HSBC opened at $58.19 on Thursday. The business has a 50-day moving average price of $51.79 and a 200 day moving average price of $47.47. HSBC Holdings plc has a 12-month low of $36.93 and a 12-month high of $58.34. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $208.40 billion, a price-to-earnings ratio of 9.38, a PEG ratio of 1.05 and a beta of 0.54.

HSBC (NYSE:HSBC) last released its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.04. The business had revenue of $11.56 billion for 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%. Sell-side analysts expect that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders 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 dividend yield of 12.37%. HSBC’s dividend payout ratio is currently 115.81%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Royal Bank of Canada reiterated a “sector perform” rating on shares of HSBC in a report on Monday, February 3rd.

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.