Cetera Investment Advisers Boosts Position in HSBC Holdings plc (NYSE:HSBC)

Cetera Investment Advisers boosted its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 13.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 38,950 shares of the financial services provider’s stock after buying an additional 4,552 shares during the quarter. Cetera Investment Advisers’ holdings in HSBC were worth $1,926,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Bridgefront Capital LLC purchased a new position in HSBC during the 4th quarter worth approximately $283,000. Balyasny Asset Management L.P. purchased a new position in HSBC during the 4th quarter worth approximately $1,093,000. Benjamin Edwards Inc. purchased a new position in HSBC during the 4th quarter worth approximately $293,000. BNP Paribas Financial Markets raised its position in HSBC by 0.3% during the 4th quarter. BNP Paribas Financial Markets now owns 93,929 shares of the financial services provider’s stock worth $4,646,000 after buying an additional 254 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its holdings in shares of HSBC by 5.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 183,743 shares of the financial services provider’s stock valued at $9,088,000 after purchasing an additional 8,860 shares in the last quarter. 1.48% of the stock is owned by hedge funds and other institutional investors.

HSBC Price Performance

HSBC stock opened at $59.60 on Tuesday. The company’s fifty day moving average price is $55.20 and its 200 day moving average price is $52.32. HSBC Holdings plc has a 1 year low of $39.42 and a 1 year high of $61.88. The stock has a market capitalization of $210.66 billion, a P/E ratio of 9.61, a P/E/G ratio of 1.05 and a beta of 0.53. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88.

HSBC (NYSE:HSBC) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.35. HSBC had a net margin of 16.17% and a return on equity of 12.20%. The company had revenue of $17.74 billion for the quarter, compared to analysts’ expectations of $16.60 billion. As a group, equities research analysts anticipate that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, May 12th will be paid a dividend of $0.495 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a yield of 3.5%. HSBC’s dividend payout ratio (DPR) is presently 36.33%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HSBC shares. Deutsche Bank Aktiengesellschaft lowered shares of HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. UBS Group reaffirmed a “neutral” rating on shares of HSBC in a report on Thursday, March 6th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of HSBC in a report on Monday, February 3rd. Barclays raised shares of HSBC from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. Finally, StockNews.com raised shares of HSBC from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, HSBC currently has an average rating of “Moderate Buy”.

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.