International Assets Investment Management LLC Invests $1.96 Million in HSBC Holdings plc (NYSE:HSBC)

International Assets Investment Management LLC acquired a new position in HSBC Holdings plc (NYSE:HSBC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 48,405 shares of the financial services provider’s stock, valued at approximately $1,962,000.

Several other hedge funds have also recently made changes to their positions in the business. Fifth Third Bancorp raised its position in shares of HSBC by 34.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,321 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 335 shares in the last quarter. Bleakley Financial Group LLC raised its holdings in shares of HSBC by 5.7% during the second quarter. Bleakley Financial Group LLC now owns 6,496 shares of the financial services provider’s stock valued at $257,000 after purchasing an additional 350 shares during the period. AE Wealth Management LLC raised its holdings in shares of HSBC by 1.5% during the third quarter. AE Wealth Management LLC now owns 25,247 shares of the financial services provider’s stock valued at $996,000 after purchasing an additional 362 shares during the period. Brinker Capital Investments LLC raised its holdings in shares of HSBC by 3.9% during the first quarter. Brinker Capital Investments LLC now owns 10,424 shares of the financial services provider’s stock valued at $357,000 after purchasing an additional 388 shares during the period. Finally, Lake Street Advisors Group LLC raised its holdings in shares of HSBC by 1.4% during the third quarter. Lake Street Advisors Group LLC now owns 28,179 shares of the financial services provider’s stock valued at $1,112,000 after purchasing an additional 393 shares during the period. 1.48% of the stock is owned by institutional investors.

HSBC Trading Up 0.3 %

HSBC opened at $40.52 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.90 and a quick ratio of 0.90. HSBC Holdings plc has a fifty-two week low of $34.89 and a fifty-two week high of $42.47. The firm has a market capitalization of $153.94 billion, a PE ratio of 7.11, a P/E/G ratio of 0.95 and a beta of 0.63. The company’s 50-day moving average is $39.28 and its 200 day moving average is $39.06.

HSBC (NYSE:HSBC) last posted its 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 return on equity of 12.89% and a net margin of 19.02%. The business had revenue of $13.02 billion during the quarter. As a group, research analysts predict that HSBC Holdings plc will post 7.24 earnings per share for the current fiscal year.

HSBC Increases Dividend

The company also recently disclosed 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 is Thursday, March 7th. HSBC’s dividend payout ratio is presently 108.42%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on HSBC shares. Barclays reiterated an “equal weight” rating on shares of HSBC in a report on Wednesday, March 27th. BNP Paribas lowered shares of HSBC from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price 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.