Janney Montgomery Scott LLC boosted its position in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 23.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,401 shares of the financial services provider's stock after purchasing an additional 11,463 shares during the period. Janney Montgomery Scott LLC's holdings in HSBC were worth $3,469,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of HSBC. Venturi Wealth Management LLC grew its stake in HSBC by 58.2% in the fourth quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 210 shares in the last quarter. CoreCap Advisors LLC grew its stake 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 buying an additional 456 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in HSBC during the fourth quarter worth $30,000. Ameriflex Group Inc. bought a new stake in HSBC during the fourth quarter worth $86,000. Finally, Raiffeisen Bank International AG acquired a new stake in HSBC in the fourth quarter valued at $94,000. 1.48% of the stock is currently owned by institutional investors.
HSBC Stock Performance
Shares of HSBC opened at $59.00 on Tuesday. The company has a market cap of $207.44 billion, a PE ratio of 10.83, a P/E/G ratio of 1.84 and a beta of 0.58. HSBC Holdings plc has a one year low of $39.42 and a one year high of $61.88. The stock has a 50-day moving average of $57.68 and a 200-day moving average of $54.58. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.93 and a quick ratio of 0.93.
HSBC (NYSE:HSBC - Get Free Report) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $1.95 EPS for the quarter, beating the consensus estimate of $1.60 by $0.35. HSBC had a net margin of 14.55% and a return on equity of 12.55%. The company had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $16.60 billion. On average, equities research analysts predict that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.
HSBC Announces Dividend
The firm also recently announced a dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, May 12th were given a dividend of $0.495 per share. This represents a dividend yield of 3.5%. The ex-dividend date was Friday, May 9th. HSBC's dividend payout ratio is presently 36.33%.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the stock. Barclays raised shares of HSBC from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, March 4th. Wall Street Zen raised shares of HSBC from a "sell" rating to a "hold" rating in a report on Tuesday, March 11th. Bank of America restated a "neutral" rating and set a $63.00 price objective on shares of HSBC in a research report on Tuesday, June 3rd. Finally, UBS Group reaffirmed a "neutral" rating on shares of HSBC in a research report on Thursday, March 6th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, HSBC currently has an average rating of "Hold" and a consensus target price of $63.00.
Read Our Latest Analysis on HSBC
About HSBC
(
Free Report)
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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