Addison Advisors LLC Grows Position in HSBC Holdings plc (NYSE:HSBC)

Addison Advisors LLC boosted its stake in HSBC Holdings plc (NYSE:HSBC) by 20.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,334 shares of the financial services provider’s stock after acquiring an additional 394 shares during the period. Addison Advisors LLC’s holdings in HSBC were worth $115,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Bank of Montreal Can grew its stake in shares of HSBC by 124.3% in 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 buying an additional 94,991 shares in the last quarter. Wealthstar Advisors LLC purchased a new position in HSBC during the 4th quarter valued at about $664,000. Entropy Technologies LP purchased a new stake in HSBC during the fourth quarter worth about $701,000. Ritholtz Wealth Management lifted its position in shares of HSBC by 12.3% during the fourth quarter. Ritholtz Wealth Management now owns 141,108 shares of the financial services provider’s stock worth $6,979,000 after purchasing an additional 15,510 shares in the last quarter. Finally, Perigon Wealth Management LLC purchased a new position in shares of HSBC in the fourth quarter valued at approximately $244,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HSBC. Deutsche Bank Aktiengesellschaft lowered shares of HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Royal Bank of Canada reiterated a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd.

HSBC Stock Performance

Shares of HSBC stock opened at $57.79 on Wednesday. The business has a 50-day simple moving average of $51.58 and a 200-day simple moving average of $47.39. 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 Holdings plc has a one year low of $36.93 and a one year high of $57.82. The company has a market cap of $206.97 billion, a PE ratio of 9.32, a P/E/G ratio of 1.05 and a beta of 0.54.

HSBC (NYSE:HSBC) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.04. The company had revenue of $11.56 billion for the quarter, compared to the consensus estimate of $13.79 billion. HSBC had a net margin of 16.17% and a return on equity of 12.20%. On average, equities research analysts forecast that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 7th will be issued a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 12.46%. The ex-dividend date of this dividend is Friday, March 7th. HSBC’s dividend payout ratio (DPR) is 115.81%.

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.