Focus Partners Wealth Purchases New Stake in HSBC Holdings plc (NYSE:HSBC)

Focus Partners Wealth purchased a new position in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,490 shares of the financial services provider's stock, valued at approximately $272,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HSBC. Berbice Capital Management LLC purchased a new position in shares of HSBC in the 4th quarter valued at approximately $25,000. Venturi Wealth Management LLC lifted its stake in shares of HSBC by 58.2% in the 4th quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider's stock worth $28,000 after acquiring an additional 210 shares during the period. CoreCap Advisors LLC boosted its holdings in shares of HSBC by 342.9% in the fourth quarter. CoreCap Advisors LLC now owns 589 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 456 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in HSBC during the fourth quarter worth about $30,000. Finally, Sierra Ocean LLC acquired a new stake in HSBC in the fourth quarter valued at about $73,000. 1.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on HSBC shares. Wall Street Zen raised HSBC from a "sell" rating to a "hold" rating in a report on Tuesday, March 11th. UBS Group restated a "neutral" rating on shares of HSBC in a research report on Thursday, March 6th. Royal Bank of Canada reiterated a "sector perform" rating on shares of HSBC in a report on Monday, February 3rd. Barclays raised shares of HSBC from an "equal weight" rating to an "overweight" rating in a report on Tuesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft lowered HSBC from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

HSBC Price Performance

Shares of HSBC stock traded down $0.20 during trading on Tuesday, hitting $59.05. 767,239 shares of the company were exchanged, compared to its average volume of 1,731,853. The company has a quick ratio of 0.96, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. The firm has a 50 day moving average price of $55.38 and a 200 day moving average price of $52.76. The stock has a market capitalization of $208.70 billion, a price-to-earnings ratio of 9.52, a P/E/G ratio of 1.05 and a beta of 0.53. HSBC Holdings plc has a fifty-two week low of $39.42 and a fifty-two week high of $61.88.

HSBC (NYSE:HSBC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.35. HSBC had a return on equity of 12.20% and a net margin of 16.17%. The business had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $16.60 billion. On average, equities analysts expect that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, June 20th. Investors of record on Monday, May 12th will be paid a $0.495 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a yield of 3.5%. HSBC's payout ratio is currently 36.33%.

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.