Kohmann Bosshard Financial Services LLC Takes Position in HSBC Holdings plc (NYSE:HSBC)

Kohmann Bosshard Financial Services LLC purchased a new position in shares of HSBC Holdings plc (NYSE:HSBC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,900 shares of the financial services provider’s stock, valued at approximately $193,000.

A number of other large investors have also recently added to or reduced their stakes in HSBC. Bank of Montreal Can lifted its stake in HSBC by 124.3% in the 3rd 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 during the last quarter. Wealthstar Advisors LLC bought a new position in shares of HSBC during the 4th quarter worth approximately $664,000. Entropy Technologies LP acquired a new position in shares of HSBC during the 4th quarter worth approximately $701,000. Ritholtz Wealth Management lifted its holdings in HSBC by 12.3% during the 4th quarter. Ritholtz Wealth Management now owns 141,108 shares of the financial services provider’s stock valued at $6,979,000 after purchasing an additional 15,510 shares during the last quarter. Finally, Perigon Wealth Management LLC bought a new position in HSBC during the fourth quarter worth $244,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

Analyst Ratings Changes

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

HSBC Stock Up 2.9 %

HSBC opened at $59.89 on Monday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88. The stock has a fifty day moving average of $52.22 and a 200-day moving average of $47.75. HSBC Holdings plc has a fifty-two week low of $36.93 and a fifty-two week high of $59.91. The company has a market capitalization of $214.49 billion, a P/E ratio of 9.66, a P/E/G ratio of 1.05 and a beta of 0.54.

HSBC (NYSE:HSBC) last posted its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $13.79 billion. On average, equities analysts expect that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 7th will be paid a dividend of $1.80 per share. The ex-dividend date is Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a yield of 12.02%. HSBC’s dividend payout ratio (DPR) is presently 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.