Atlas Capital Advisors Inc. Buys 1,388 Shares of HSBC Holdings plc (NYSE:HSBC)

Atlas Capital Advisors Inc. boosted its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 226.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,001 shares of the financial services provider’s stock after purchasing an additional 1,388 shares during the period. Atlas Capital Advisors Inc.’s holdings in HSBC were worth $99,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Berbice Capital Management LLC purchased a new stake in shares of HSBC in the fourth quarter valued at approximately $25,000. Venturi Wealth Management LLC raised its position in HSBC by 58.2% during the 4th quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 210 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of HSBC in the 4th quarter worth $30,000. Brooklyn Investment Group bought a new position in shares of HSBC during the 4th quarter worth $49,000. Finally, Sierra Ocean LLC bought a new stake in shares of HSBC in the fourth quarter valued at about $73,000. 1.48% of the stock is owned by hedge funds and other institutional investors.

HSBC Stock Down 6.8 %

HSBC stock opened at $49.87 on Friday. The firm has a 50-day simple moving average of $56.09 and a 200-day simple moving average of $50.16. HSBC Holdings plc has a 52 week low of $39.42 and a 52 week high of $61.88. The company has a quick ratio of 0.96, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $177.57 billion, a P/E ratio of 8.04, a P/E/G ratio of 1.05 and a beta of 0.40.

HSBC (NYSE:HSBC) last issued its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.04. HSBC had a return on equity of 12.20% and a net margin of 16.17%. The company had revenue of $11.56 billion during the quarter, compared to analyst estimates of $13.79 billion. Equities analysts forecast that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 7th will be paid a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 14.44%. The ex-dividend date of this dividend is Friday, March 7th. HSBC’s dividend payout ratio (DPR) is 115.81%.

Analysts Set New Price Targets

A number of research firms have commented on HSBC. StockNews.com raised shares of HSBC from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Royal Bank of Canada reissued a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd. UBS Group reaffirmed a “neutral” rating on shares of HSBC in a research report on Thursday, March 6th. Deutsche Bank Aktiengesellschaft downgraded HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Barclays raised shares of HSBC from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, HSBC presently has an average rating of “Moderate Buy”.

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.