Exencial Wealth Advisors LLC Acquires 8,506 Shares of HSBC Holdings plc $HSBC

Key Points

• Exencial Wealth Advisors LLC increased its stake in HSBC Holdings plc by 50.9% during the 2nd quarter, acquiring an additional 8,506 shares, bringing its total holdings to 25,205 shares valued at approximately $1.53 million.
• Several analysts recently provided mixed ratings on HSBC, with BNP Paribas Exane upgrading the stock to "outperform" while Zacks downgraded it to a "hold." The consensus rating is currently "Hold" with an average price target of $63.00.
• HSBC announced a quarterly dividend of $0.495 per share, yielding 3.0% annually, with a payout ratio of 39.21%.

Exencial Wealth Advisors LLC boosted its holdings in HSBC Holdings plc (NYSE:HSBC - Free Report) by 50.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,205 shares of the financial services provider's stock after buying an additional 8,506 shares during the period. Exencial Wealth Advisors LLC's holdings in HSBC were worth $1,532,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. TD Private Client Wealth LLC raised its stake in HSBC by 101.7% during the 2nd quarter. TD Private Client Wealth LLC now owns 464 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 234 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of HSBC during the second quarter valued at about $31,000. Wayfinding Financial LLC bought a new stake in shares of HSBC in the first quarter valued at about $30,000. Raleigh Capital Management Inc. acquired a new stake in HSBC during the second quarter worth about $33,000. Finally, Ameritas Advisory Services LLC bought a new position in HSBC during the second quarter valued at about $39,000. Institutional investors own 1.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. BNP Paribas Exane raised HSBC from an "underperform" rating to an "outperform" rating in a report on Friday, September 5th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of HSBC in a research report on Wednesday, October 8th. Jefferies Financial Group reissued a "hold" rating on shares of HSBC in a report on Friday, October 10th. Zacks Research downgraded shares of HSBC from a "strong-buy" rating to a "hold" rating in a report on Friday, October 3rd. Finally, Citigroup reissued a "buy" rating on shares of HSBC in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, HSBC currently has a consensus rating of "Hold" and an average price target of $63.00.

HSBC Stock Down 0.2%

Shares of NYSE:HSBC opened at $66.31 on Friday. The company's fifty day moving average is $67.40 and its 200-day moving average is $61.88. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.86. HSBC Holdings plc has a 52 week low of $44.24 and a 52 week high of $72.21. The company has a market capitalization of $228.79 billion, a PE ratio of 13.13, a P/E/G ratio of 1.75 and a beta of 0.62.

HSBC (NYSE:HSBC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.33. HSBC had a net margin of 13.48% and a return on equity of 12.73%. The firm had revenue of $16.90 billion during the quarter, compared to the consensus estimate of $16.64 billion. Equities research analysts predict that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, August 15th were paid a $0.495 dividend. The ex-dividend date was Friday, August 15th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 3.0%. HSBC's dividend payout ratio (DPR) is 39.21%.

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.

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