Sanctuary Advisors LLC Purchases 1,159 Shares of HSBC Holdings plc (NYSE:HSBC)

Sanctuary Advisors LLC lifted its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 7.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,195 shares of the financial services provider’s stock after purchasing an additional 1,159 shares during the quarter. Sanctuary Advisors LLC’s holdings in HSBC were worth $906,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can grew its stake in shares of HSBC by 124.3% in the third quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider’s stock worth $7,820,000 after purchasing an additional 94,991 shares during the last quarter. Wealthstar Advisors LLC bought a new position in shares of HSBC in the fourth quarter valued at $664,000. Entropy Technologies LP acquired a new position in HSBC during the 4th quarter valued at about $701,000. Ritholtz Wealth Management grew its holdings in HSBC by 12.3% during the fourth quarter. Ritholtz Wealth Management now owns 141,108 shares of the financial services provider’s stock worth $6,979,000 after buying an additional 15,510 shares in the last quarter. Finally, Perigon Wealth Management LLC purchased a new position in HSBC during the fourth quarter worth about $244,000. Institutional investors own 1.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on HSBC shares. Royal Bank of Canada reissued a “sector perform” rating on shares of HSBC in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft cut HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd.

HSBC Stock Performance

Shares of HSBC stock opened at $58.23 on Friday. The firm’s 50 day moving average is $51.99 and its 200 day moving average is $47.54. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69. HSBC Holdings plc has a 12 month low of $36.93 and a 12 month high of $58.43. The stock has a market capitalization of $208.54 billion, a P/E ratio of 9.39, a PEG ratio of 1.05 and a beta of 0.54.

HSBC (NYSE:HSBC) last released its quarterly earnings data 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 company had revenue of $11.56 billion for the quarter, compared to analyst estimates of $13.79 billion. HSBC had a return on equity of 12.20% and a net margin of 16.17%. On average, sell-side analysts anticipate that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Dividend Announcement

The company 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 12.37%. The ex-dividend date is Friday, March 7th. HSBC’s dividend payout ratio is presently 115.81%.

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.