HSBC Holdings plc (NYSE:HSBC) Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its stake in HSBC Holdings plc (NYSE:HSBC) by 11.6% in the 4th quarter, Holdings Channel reports. The firm owned 26,256 shares of the financial services provider’s stock after purchasing an additional 2,724 shares during the period. Sequoia Financial Advisors LLC’s holdings in HSBC were worth $1,064,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in HSBC. Bank of America Corp DE increased its holdings in HSBC by 186.8% in the 1st quarter. Bank of America Corp DE now owns 3,367,602 shares of the financial services provider’s stock valued at $114,936,000 after purchasing an additional 2,193,561 shares during the last quarter. Norges Bank acquired a new position in shares of HSBC in the fourth quarter worth $65,592,000. Lazard Asset Management LLC grew its stake in shares of HSBC by 7,993.9% in the fourth quarter. Lazard Asset Management LLC now owns 1,615,953 shares of the financial services provider’s stock worth $50,353,000 after acquiring an additional 1,595,988 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of HSBC by 62.9% in the first quarter. Goldman Sachs Group Inc. now owns 3,738,851 shares of the financial services provider’s stock worth $127,944,000 after acquiring an additional 1,443,765 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of HSBC by 167.4% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 842,864 shares of the financial services provider’s stock worth $33,259,000 after acquiring an additional 527,677 shares in the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Price Performance

HSBC stock opened at $40.63 on Monday. The stock has a market cap of $154.36 billion, a P/E ratio of 7.13, a price-to-earnings-growth ratio of 0.96 and a beta of 0.63. The company has a fifty day simple moving average of $39.21 and a 200-day simple moving average of $39.03. HSBC Holdings plc has a 12-month low of $34.89 and a 12-month high of $42.47. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.62.

HSBC (NYSE:HSBC) last announced its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.33). HSBC had a net margin of 19.02% and a return on equity of 12.89%. The company had revenue of $13.02 billion during the quarter. Equities analysts expect that HSBC Holdings plc will post 7.24 EPS for the current fiscal year.

HSBC Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Friday, March 8th will be issued a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a dividend yield of 15.26%. This is a boost from HSBC’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Thursday, March 7th. HSBC’s dividend payout ratio is presently 108.42%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. BNP Paribas downgraded shares of HSBC from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 16th. Barclays restated an “equal weight” rating on shares of HSBC in a research note on Wednesday, March 27th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $811.00.

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.