Dynasty Wealth Management LLC Buys New Shares in HSBC Holdings plc $HSBC

Dynasty Wealth Management LLC purchased a new stake in shares of HSBC Holdings plc (NYSE:HSBC) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 22,025 shares of the financial services provider’s stock, valued at approximately $1,563,000.

Other hedge funds also recently modified their holdings of the company. Mather Group LLC. bought a new stake in shares of HSBC during the third quarter valued at approximately $25,000. NewSquare Capital LLC boosted its stake in HSBC by 152.6% during the second quarter. NewSquare Capital LLC now owns 432 shares of the financial services provider’s stock worth $26,000 after buying an additional 261 shares in the last quarter. Retirement Wealth Solutions LLC bought a new stake in HSBC in the 3rd quarter valued at $32,000. TD Private Client Wealth LLC raised its stake in shares of HSBC by 101.7% in the 2nd quarter. TD Private Client Wealth LLC now owns 464 shares of the financial services provider’s stock valued at $28,000 after buying an additional 234 shares in the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in shares of HSBC during the 2nd quarter worth about $31,000. Institutional investors own 1.48% of the company’s stock.

HSBC Stock Performance

HSBC stock opened at $82.51 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.49. HSBC Holdings plc has a twelve month low of $45.66 and a twelve month high of $83.06. The business’s fifty day moving average is $75.87 and its 200-day moving average is $69.78. The company has a market cap of $283.41 billion, a P/E ratio of 17.37, a price-to-earnings-growth ratio of 0.94 and a beta of 0.52.

HSBC (NYSE:HSBC) last released its quarterly earnings data on Tuesday, October 28th. The financial services provider reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.15. HSBC had a return on equity of 12.78% and a net margin of 12.85%.The business had revenue of $17.79 billion during the quarter, compared to the consensus estimate of $16.78 billion. Equities research analysts forecast that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Friday, November 7th were given a $0.50 dividend. The ex-dividend date was Friday, November 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. This is a positive change from HSBC’s previous quarterly dividend of $0.50. HSBC’s dividend payout ratio is 41.68%.

Analysts Set New Price Targets

A number of research firms recently weighed in on HSBC. Zacks Research raised shares of HSBC from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Bank of America upgraded HSBC from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 10th. Erste Group Bank raised HSBC from a “hold” rating to a “buy” rating in a report on Thursday, November 20th. Jefferies Financial Group reaffirmed a “hold” rating on shares of HSBC in a research note on Friday, October 10th. Finally, Morgan Stanley initiated coverage on HSBC in a research note on Wednesday, January 14th. They set an “equal weight” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, HSBC presently has a consensus rating of “Moderate Buy” and an average price target of $63.00.

HSBC Company Profile

HSBC Holdings plc (NYSE: HSBC) is a multinational banking and financial services organization headquartered in London. It traces its origins to the Hongkong and Shanghai Banking Corporation, founded in 1865 to facilitate trade between Europe and Asia, and has since grown into one of the world’s largest banking groups. The company is publicly listed in multiple markets, including the London Stock Exchange, the Hong Kong Stock Exchange and as an American depositary receipt on the New York Stock Exchange.

HSBC operates a universal banking model, serving retail, commercial, corporate and institutional clients.