Farther Finance Advisors LLC Raises Holdings in HSBC Holdings plc $HSBC

Farther Finance Advisors LLC raised its position in shares of HSBC Holdings plc (NYSE:HSBC) by 67.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,656 shares of the financial services provider’s stock after buying an additional 7,892 shares during the quarter. Farther Finance Advisors LLC’s holdings in HSBC were worth $1,546,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Lester Murray Antman dba SimplyRich grew its stake in shares of HSBC by 1.0% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 12,445 shares of the financial services provider’s stock worth $979,000 after buying an additional 123 shares in the last quarter. Natural Investments LLC lifted its holdings in shares of HSBC by 14.4% in the 4th quarter. Natural Investments LLC now owns 7,372 shares of the financial services provider’s stock valued at $579,000 after acquiring an additional 926 shares during the last quarter. Assetmark Inc. grew its position in HSBC by 74.6% in the fourth quarter. Assetmark Inc. now owns 47,456 shares of the financial services provider’s stock worth $3,733,000 after acquiring an additional 20,281 shares in the last quarter. Choreo LLC increased its stake in HSBC by 12.9% during the fourth quarter. Choreo LLC now owns 26,312 shares of the financial services provider’s stock worth $2,086,000 after acquiring an additional 3,012 shares during the last quarter. Finally, Ritholtz Wealth Management raised its position in HSBC by 14.5% during the fourth quarter. Ritholtz Wealth Management now owns 160,760 shares of the financial services provider’s stock valued at $12,647,000 after purchasing an additional 20,406 shares during the period. 1.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HSBC shares. Morgan Stanley initiated coverage on HSBC in a report on Wednesday, January 14th. They issued an “equal weight” rating for the company. Zacks Research upgraded HSBC from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. The Goldman Sachs Group assumed coverage on shares of HSBC in a research report on Thursday, March 26th. They set a “buy” rating on the stock. Citigroup reissued a “buy” rating on shares of HSBC in a research note on Friday, January 9th. Finally, Weiss Ratings lowered shares of HSBC from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, HSBC currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.00.

HSBC Trading Down 0.6%

NYSE:HSBC opened at $91.58 on Tuesday. The firm has a 50-day simple moving average of $85.87 and a 200-day simple moving average of $79.15. HSBC Holdings plc has a one year low of $51.60 and a one year high of $94.79. The firm has a market cap of $314.74 billion, a P/E ratio of 15.14, a P/E/G ratio of 0.92 and a beta of 0.55. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.87 and a current ratio of 0.87.

HSBC (NYSE:HSBC) last released its quarterly earnings results on Saturday, February 14th. The financial services provider reported $1.35 EPS for the quarter. The business had revenue of $17.70 billion during the quarter. HSBC had a net margin of 16.07% and a return on equity of 13.10%. Equities analysts anticipate that HSBC Holdings plc will post 8.17 EPS for the current fiscal year.

HSBC Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Friday, March 13th will be given a dividend of $2.25 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $9.00 dividend on an annualized basis and a yield of 9.8%. This is a boost from HSBC’s previous quarterly dividend of $0.50. HSBC’s payout ratio is 148.43%.

HSBC 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.