HSBC Holdings plc (NYSE:HSBC) Shares Bought by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC raised its position in HSBC Holdings plc (NYSE:HSBC) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,537 shares of the financial services provider’s stock after acquiring an additional 321 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in HSBC were worth $274,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HSBC. Berbice Capital Management LLC purchased a new position in shares of HSBC in the 4th quarter valued at about $25,000. Venturi Wealth Management LLC lifted its stake in HSBC by 58.2% during the fourth quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 210 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in HSBC during the fourth quarter worth approximately $30,000. Larson Financial Group LLC lifted its stake in HSBC by 138.5% during the third quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 450 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in HSBC during the fourth quarter worth approximately $49,000. 1.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HSBC shares. Barclays upgraded HSBC from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft cut HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Royal Bank of Canada reiterated a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd. UBS Group reiterated a “neutral” rating on shares of HSBC in a research note on Thursday, March 6th. Finally, StockNews.com upgraded HSBC from a “sell” rating to a “hold” rating in a research note on Tuesday. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

HSBC Trading Up 2.6 %

NYSE:HSBC opened at $57.08 on Friday. The firm has a market cap of $203.60 billion, a P/E ratio of 9.21, a PEG ratio of 1.05 and a beta of 0.51. 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 stock’s 50 day simple moving average is $53.97 and its 200-day simple moving average is $48.71. HSBC Holdings plc has a 12-month low of $38.04 and a 12-month high of $61.88.

HSBC (NYSE:HSBC) last released its 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 analyst estimates of $13.79 billion. HSBC had a return on equity of 12.20% and a net margin of 16.17%. Equities analysts anticipate that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 7th will be issued a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 12.61%. The ex-dividend date is Friday, March 7th. HSBC’s payout ratio is currently 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.