Wealth Enhancement Advisory Services LLC Has $1.36 Million Stake in HSBC Holdings plc (NYSE:HSBC)

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 26.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,494 shares of the financial services provider's stock after acquiring an additional 5,820 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in HSBC were worth $1,360,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Northern Trust Corp lifted its holdings in shares of HSBC by 52.0% during the 4th quarter. Northern Trust Corp now owns 2,781,307 shares of the financial services provider's stock valued at $137,563,000 after purchasing an additional 951,050 shares in the last quarter. FMR LLC raised its holdings in HSBC by 18.1% during the 4th quarter. FMR LLC now owns 2,883,238 shares of the financial services provider's stock worth $142,605,000 after buying an additional 441,033 shares during the period. Raymond James Financial Inc. bought a new position in HSBC in the fourth quarter valued at approximately $17,815,000. Contrarian Capital Management L.L.C. acquired a new position in shares of HSBC in the fourth quarter valued at approximately $11,914,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of HSBC by 135.6% during the fourth quarter. Bank of New York Mellon Corp now owns 347,565 shares of the financial services provider's stock worth $17,191,000 after acquiring an additional 200,054 shares during the period. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Stock Up 0.6%

Shares of NYSE HSBC traded up $0.36 during mid-day trading on Friday, hitting $59.96. The company had a trading volume of 1,166,924 shares, compared to its average volume of 1,732,549. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69. The firm has a 50-day simple moving average of $55.65 and a two-hundred day simple moving average of $53.58. The company has a market capitalization of $210.82 billion, a PE ratio of 9.67, a price-to-earnings-growth ratio of 1.05 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.

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

HSBC Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HSBC shares. UBS Group reiterated a "neutral" rating on shares of HSBC in a report on Thursday, March 6th. Barclays upgraded HSBC from an "equal weight" rating to an "overweight" rating in a report on Tuesday, March 4th. Wall Street Zen upgraded HSBC from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th. Finally, Bank of America reaffirmed a "neutral" rating and set a $63.00 price target on shares of HSBC in a research report on Tuesday, June 3rd. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $63.00.

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.