HSBC Holdings plc (NYSE:HSBC) Shares Purchased by SVB Wealth LLC

SVB Wealth LLC lifted its position in shares of HSBC Holdings plc (NYSE:HSBC) by 5.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,559 shares of the financial services provider’s stock after purchasing an additional 611 shares during the period. SVB Wealth LLC’s holdings in HSBC were worth $509,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Milestone Investment Advisors LLC purchased a new position in HSBC in the third quarter valued at approximately $26,000. Benjamin F. Edwards & Company Inc. purchased a new position in shares of HSBC in the 2nd quarter valued at $27,000. Assetmark Inc. acquired a new position in shares of HSBC during the 3rd quarter valued at $30,000. Paradigm Asset Management Co. LLC purchased a new stake in HSBC during the 3rd quarter worth $39,000. Finally, IFP Advisors Inc increased its holdings in HSBC by 71.2% in the 2nd quarter. IFP Advisors Inc now owns 1,027 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 427 shares in the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

Analysts Set New Price Targets

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

HSBC Trading Up 0.3 %

NYSE HSBC opened at $40.52 on Friday. The firm has a market capitalization of $153.94 billion, a PE ratio of 7.11, a price-to-earnings-growth ratio of 0.95 and a beta of 0.63. HSBC Holdings plc has a one year low of $34.89 and a one year high of $42.47. The company has a 50-day simple moving average of $39.28 and a 200-day simple moving average of $39.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.90 and a current ratio of 0.90.

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

HSBC Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Friday, March 8th will be given a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a yield of 15.30%. This is an increase 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 108.42%.

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.