HighTower Advisors LLC Raises Holdings in HSBC Holdings plc (NYSE:HSBC)

HighTower Advisors LLC increased its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 3.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 163,979 shares of the financial services provider’s stock after purchasing an additional 6,133 shares during the period. HighTower Advisors LLC’s holdings in HSBC were worth $8,110,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Berbice Capital Management LLC bought a new position in HSBC in the 4th quarter worth about $25,000. Venturi Wealth Management LLC increased its position in shares of 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 during the last quarter. Whipplewood Advisors LLC bought a new position in shares of HSBC during the 4th quarter valued at about $30,000. Larson Financial Group LLC grew its position in HSBC by 138.5% during the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 450 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in HSBC during the 4th quarter worth approximately $49,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Analyst Ratings Changes

HSBC has been the topic of several recent research reports. Barclays upgraded HSBC from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 4th. StockNews.com upgraded HSBC from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. Royal Bank of Canada reiterated a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft cut HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, UBS Group restated a “neutral” rating on shares of HSBC in a research note on Thursday, March 6th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, HSBC presently has a consensus rating of “Moderate Buy”.

HSBC Stock Up 1.3 %

HSBC stock opened at $57.83 on Tuesday. The stock has a market cap of $206.27 billion, a PE ratio of 9.33, a price-to-earnings-growth ratio of 1.05 and a beta of 0.51. 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 Holdings plc has a one year low of $38.34 and a one year high of $61.88. The stock has a fifty day moving average of $54.14 and a 200 day moving average of $48.87.

HSBC (NYSE:HSBC) last issued its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.04. The business had revenue of $11.56 billion during the quarter, compared to analysts’ expectations of $13.79 billion. HSBC had a return on equity of 12.20% and a net margin of 16.17%. As a group, sell-side analysts predict that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Announces Dividend

The firm also recently disclosed 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 12.45%. The ex-dividend date of this dividend is Friday, March 7th. HSBC’s dividend payout ratio (DPR) is 115.81%.

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.