Foresight Capital Management Advisors Inc. Purchases New Position in HSBC Holdings plc (NYSE:HSBC)

Foresight Capital Management Advisors Inc. acquired a new position in shares of HSBC Holdings plc (NYSE:HSBCFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 26,367 shares of the financial services provider’s stock, valued at approximately $1,069,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Fifth Third Bancorp raised its holdings in HSBC by 34.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,321 shares of the financial services provider’s stock valued at $52,000 after buying an additional 335 shares during the period. Bessemer Group Inc. boosted its stake in shares of HSBC by 22.1% during the 2nd quarter. Bessemer Group Inc. now owns 1,868 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 338 shares during the period. Bleakley Financial Group LLC grew its holdings in HSBC by 5.7% during the 2nd 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 last quarter. AE Wealth Management LLC raised its position in HSBC by 1.5% in the 3rd quarter. AE Wealth Management LLC now owns 25,247 shares of the financial services provider’s stock worth $996,000 after purchasing an additional 362 shares during the period. Finally, Brinker Capital Investments LLC lifted its stake in HSBC by 3.9% in the first quarter. Brinker Capital Investments LLC now owns 10,424 shares of the financial services provider’s stock worth $357,000 after purchasing an additional 388 shares during the last quarter. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

HSBC Stock Up 0.9 %

NYSE:HSBC opened at $38.57 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market cap of $147.40 billion, a PE ratio of 6.70, a price-to-earnings-growth ratio of 1.09 and a beta of 0.63. The company has a 50-day moving average of $38.95 and a 200 day moving average of $38.82. HSBC Holdings plc has a 1-year low of $32.40 and a 1-year high of $42.47.

HSBC (NYSE:HSBCGet Free Report) last released its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.57 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.33). HSBC had a return on equity of 12.89% and a net margin of 19.02%. The company had revenue of $13.02 billion during the quarter. As a group, research analysts anticipate that HSBC Holdings plc will post 7.37 EPS for the current fiscal year.

HSBC Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Friday, March 8th will be paid a $1.55 dividend. The ex-dividend date is Thursday, March 7th. This is a boost from HSBC’s previous quarterly dividend of $0.50. This represents a $6.20 dividend on an annualized basis and a yield of 16.07%. HSBC’s dividend payout ratio (DPR) is 108.42%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HSBC. BNP Paribas lowered HSBC from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 16th. Royal Bank of Canada cut shares of HSBC from an “outperform” rating to a “sector perform” rating in a report on Wednesday, November 22nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $811.00.

Read Our Latest Stock Analysis on HSBC

HSBC Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for HSBC (NYSE:HSBC)

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