8,913 Shares in HSBC Holdings plc (NYSE:HSBC) Purchased by SVB Wealth LLC

SVB Wealth LLC purchased a new position in HSBC Holdings plc (NYSE:HSBC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 8,913 shares of the financial services provider’s stock, valued at approximately $441,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HSBC. FMR LLC lifted its holdings in shares of HSBC by 44.3% in the third quarter. FMR LLC now owns 2,442,205 shares of the financial services provider’s stock worth $110,363,000 after buying an additional 749,759 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in HSBC by 135.6% in the 4th quarter. Bank of New York Mellon Corp now owns 347,565 shares of the financial services provider’s stock worth $17,191,000 after purchasing an additional 200,054 shares in the last quarter. Janney Capital Management LLC bought a new position in shares of HSBC during the 4th quarter valued at about $9,306,000. Bank of Montreal Can grew its position in shares of HSBC by 124.3% during the third quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider’s stock valued at $7,820,000 after purchasing an additional 94,991 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of HSBC by 383.4% in the third quarter. BNP Paribas Financial Markets now owns 93,675 shares of the financial services provider’s stock worth $4,233,000 after purchasing an additional 74,295 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on HSBC. Royal Bank of Canada restated a “sector perform” rating on shares of HSBC in a report on Monday, February 3rd. StockNews.com lowered shares of HSBC from a “hold” rating to a “sell” rating in a report on Monday. Barclays raised shares of HSBC from an “equal weight” rating to an “overweight” rating in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

HSBC Price Performance

Shares of HSBC stock opened at $60.27 on Wednesday. The stock has a 50 day moving average price of $52.68 and a 200-day moving average price of $48.00. HSBC Holdings plc has a one year low of $36.93 and a one year high of $61.88. The stock has a market cap of $215.87 billion, a price-to-earnings ratio of 9.72, a price-to-earnings-growth ratio of 1.05 and a beta of 0.54. 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) last posted its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.41 by $0.04. HSBC had a net margin of 16.17% and a return on equity of 12.20%. The company had revenue of $11.56 billion during the quarter, compared to analyst estimates of $13.79 billion. Equities analysts expect that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be given a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 11.95%. The ex-dividend date of this dividend is Friday, March 7th. HSBC’s dividend payout ratio (DPR) is currently 115.81%.

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.