Focus Partners Advisor Solutions LLC Buys New Position in HSBC Holdings plc $HSBC

Focus Partners Advisor Solutions LLC acquired a new stake in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,854 shares of the financial services provider's stock, valued at approximately $221,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HSBC. BNP Paribas Financial Markets boosted its position in HSBC by 0.3% during the 4th quarter. BNP Paribas Financial Markets now owns 93,929 shares of the financial services provider's stock valued at $4,646,000 after purchasing an additional 254 shares during the period. Benjamin Edwards Inc. acquired a new position in HSBC during the 4th quarter worth $293,000. Balyasny Asset Management L.P. acquired a new position in HSBC during the 4th quarter worth $1,093,000. Cetera Investment Advisers boosted its position in HSBC by 13.2% during the 4th quarter. Cetera Investment Advisers now owns 38,950 shares of the financial services provider's stock worth $1,926,000 after acquiring an additional 4,552 shares during the period. Finally, CoreCap Advisors LLC boosted its position in HSBC by 342.9% during the 4th quarter. CoreCap Advisors LLC now owns 589 shares of the financial services provider's stock worth $29,000 after acquiring an additional 456 shares during the period. Institutional investors and hedge funds own 1.48% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on HSBC shares. BNP Paribas upgraded HSBC from a "strong sell" rating to a "strong-buy" rating in a research report on Friday, September 5th. Bank of America reiterated a "neutral" rating and set a $63.00 price target on shares of HSBC in a research report on Tuesday, June 3rd. Finally, BNP Paribas Exane upgraded HSBC from an "underperform" rating to an "outperform" rating in a research report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, HSBC presently has an average rating of "Moderate Buy" and an average target price of $63.00.

HSBC Trading Down 0.7%

Shares of HSBC stock traded down $0.49 on Friday, reaching $68.68. 645,639 shares of the company were exchanged, compared to its average volume of 2,009,733. The stock has a fifty day moving average price of $63.97 and a 200-day moving average price of $59.51. The firm has a market capitalization of $238.34 billion, a price-to-earnings ratio of 13.60, a price-to-earnings-growth ratio of 1.53 and a beta of 0.65. The company has a current ratio of 0.86, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. HSBC Holdings plc has a fifty-two week low of $43.38 and a fifty-two week high of $69.32.

HSBC (NYSE:HSBC - Get Free Report) last announced its earnings results on Wednesday, July 30th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.33. The company had revenue of $16.90 billion for the quarter, compared to analyst estimates of $16.64 billion. HSBC had a return on equity of 12.73% and a net margin of 13.48%. On average, analysts expect that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, August 15th will be paid a $0.495 dividend. The ex-dividend date is Friday, August 15th. This represents a $1.98 dividend on an annualized basis and a yield of 2.9%. HSBC's payout ratio is 39.21%.

HSBC Company 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.