IFP Advisors Inc Has $1.32 Million Position in HSBC Holdings plc (NYSE:HSBC)

IFP Advisors Inc increased its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 17.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 26,739 shares of the financial services provider’s stock after purchasing an additional 3,917 shares during the quarter. IFP Advisors Inc’s holdings in HSBC were worth $1,323,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its stake in HSBC by 23.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 18,341 shares of the financial services provider’s stock valued at $829,000 after acquiring an additional 3,451 shares in the last quarter. Private Advisor Group LLC grew its position in HSBC by 1.2% during the third quarter. Private Advisor Group LLC now owns 26,715 shares of the financial services provider’s stock valued at $1,207,000 after purchasing an additional 318 shares in the last quarter. Allworth Financial LP increased its stake in HSBC by 40.9% in the 3rd quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider’s stock valued at $62,000 after buying an additional 397 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in HSBC by 2.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 21,674 shares of the financial services provider’s stock worth $979,000 after buying an additional 542 shares in the last quarter. Finally, First Trust Direct Indexing L.P. boosted its stake in shares of HSBC by 1.3% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 50,238 shares of the financial services provider’s stock valued at $2,270,000 after buying an additional 646 shares during the period. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Stock Performance

HSBC stock opened at $58.19 on Thursday. The firm has a 50 day moving average of $51.79 and a two-hundred day moving average of $47.47. HSBC Holdings plc has a 12 month low of $36.93 and a 12 month high of $58.34. The company has a market capitalization of $208.40 billion, a price-to-earnings ratio of 9.38, a P/E/G ratio of 1.05 and a beta of 0.54. The company has a quick ratio of 0.96, a current ratio of 0.88 and a debt-to-equity ratio of 0.69.

HSBC (NYSE:HSBC) last issued its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.04. HSBC had a net margin of 16.17% and a return on equity of 12.20%. The firm had revenue of $11.56 billion during the quarter, compared to analysts’ expectations of $13.79 billion. As a group, equities analysts anticipate that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be issued a $1.80 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $7.20 annualized dividend and a yield of 12.37%. HSBC’s dividend payout ratio (DPR) is currently 115.81%.

Analyst Ratings Changes

HSBC has been the topic of a number of research reports. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft lowered HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd.

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.