Focus Partners Wealth Acquires Shares of 5,490 HSBC Holdings plc (NYSE:HSBC)

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

Several other large investors have also recently bought and sold shares of HSBC. Seven Mile Advisory increased its holdings in shares of HSBC by 3.6% in the 4th quarter. Seven Mile Advisory now owns 5,405 shares of the financial services provider's stock valued at $267,000 after purchasing an additional 190 shares during the period. GeoWealth Management LLC increased its stake in HSBC by 6.7% in the 4th quarter. GeoWealth Management LLC now owns 3,279 shares of the financial services provider's stock valued at $162,000 after buying an additional 205 shares during the period. Venturi Wealth Management LLC lifted its position in 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 buying an additional 210 shares in the last quarter. Horizon Investments LLC boosted its stake in shares of HSBC by 1.4% during the 4th quarter. Horizon Investments LLC now owns 17,302 shares of the financial services provider's stock valued at $856,000 after buying an additional 245 shares during the period. Finally, Lido Advisors LLC grew its holdings in shares of HSBC by 3.4% during the 4th quarter. Lido Advisors LLC now owns 7,531 shares of the financial services provider's stock valued at $372,000 after acquiring an additional 249 shares in the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Price Performance

HSBC traded down $0.27 during midday trading on Wednesday, hitting $58.85. The company had a trading volume of 251,213 shares, compared to its average volume of 1,727,699. HSBC Holdings plc has a twelve month low of $39.42 and a twelve month high of $61.88. The firm's 50-day simple moving average is $55.41 and its 200-day simple moving average is $52.81. The company has a market capitalization of $208.01 billion, a PE ratio of 9.49, a P/E/G ratio of 1.05 and a beta of 0.53. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88.

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

HSBC Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Royal Bank of Canada restated 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. Wall Street Zen raised HSBC from a "sell" rating to a "hold" rating in a report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft cut shares of HSBC from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Finally, Barclays raised shares of HSBC from an "equal weight" rating to an "overweight" rating in a report on Tuesday, March 4th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy".

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.