Mission Wealth Management LP Takes $211,000 Position in HSBC Holdings plc (NYSE:HSBC)

Mission Wealth Management LP bought a new position in shares of HSBC Holdings plc (NYSE:HSBC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,196 shares of the financial services provider’s stock, valued at approximately $211,000.

A number of other large investors have also added to or reduced their stakes in HSBC. Morgan Stanley boosted its holdings in shares of HSBC by 0.9% during the third quarter. Morgan Stanley now owns 8,374,688 shares of the financial services provider’s stock worth $330,465,000 after acquiring an additional 73,129 shares during the period. Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in shares of HSBC by 167.4% during 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 buying an additional 527,677 shares in the last quarter. American Century Companies Inc. boosted its position in shares of HSBC by 39.4% in the third quarter. American Century Companies Inc. now owns 698,250 shares of the financial services provider’s stock valued at $27,553,000 after acquiring an additional 197,283 shares during the period. Natixis Advisors L.P. grew its stake in shares of HSBC by 3.0% in the third quarter. Natixis Advisors L.P. now owns 622,654 shares of the financial services provider’s stock valued at $24,570,000 after acquiring an additional 18,167 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. increased its position in HSBC by 0.5% during the third quarter. Cookson Peirce & Co. Inc. now owns 618,851 shares of the financial services provider’s stock worth $24,420,000 after acquiring an additional 3,238 shares during the period. Institutional investors own 1.48% of the company’s stock.

HSBC Stock Performance

HSBC stock opened at $44.45 on Friday. HSBC Holdings plc has a 1-year low of $35.30 and a 1-year high of $44.81. The company has a current ratio of 0.96, a quick ratio of 0.90 and a debt-to-equity ratio of 0.51. The stock has a 50-day moving average price of $40.00 and a 200-day moving average price of $39.25. The firm has a market cap of $168.10 billion, a PE ratio of 7.66, a price-to-earnings-growth ratio of 1.00 and a beta of 0.58.

HSBC (NYSE:HSBC) last announced its quarterly earnings data 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 for the quarter. HSBC had a net margin of 16.13% and a return on equity of 10.80%. As a group, equities research analysts expect that HSBC Holdings plc will post 6.77 earnings per share for the current year.

HSBC Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date of this dividend is Thursday, May 9th. HSBC’s dividend payout ratio is currently 106.55%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on HSBC shares. BNP Paribas cut 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 report on Wednesday, March 27th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $761.75.

About HSBC

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.