Whipplewood Advisors LLC Buys New Shares in HSBC Holdings plc (NYSE:HSBC)

Whipplewood Advisors LLC purchased a new position in HSBC Holdings plc (NYSE:HSBC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 606 shares of the financial services provider’s stock, valued at approximately $30,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Berbice Capital Management LLC bought a new position in shares of HSBC during the 4th quarter worth about $25,000. Venturi Wealth Management LLC boosted its holdings in HSBC by 58.2% in the fourth quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 210 shares in the last quarter. Larson Financial Group LLC grew its stake in HSBC by 138.5% in the third quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 450 shares during the period. Brooklyn Investment Group bought a new stake in shares of HSBC during the fourth quarter valued at approximately $49,000. Finally, Sierra Ocean LLC acquired a new position in shares of HSBC during the fourth quarter worth approximately $73,000. 1.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Royal Bank of Canada restated a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft cut shares of HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd.

HSBC Stock Up 2.9 %

HSBC stock opened at $59.89 on Friday. The stock’s 50 day moving average is $52.22 and its 200-day moving average is $47.71. HSBC Holdings plc has a twelve month low of $36.93 and a twelve month high of $59.91. The firm has a market capitalization of $214.49 billion, a PE ratio of 9.66, a P/E/G ratio of 1.05 and a beta of 0.54. The company has a quick ratio of 0.96, a current ratio of 0.88 and a debt-to-equity ratio of 0.69.

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

HSBC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 7th will be given a dividend of $1.80 per share. The ex-dividend date is Friday, March 7th. This represents a $7.20 annualized dividend and a dividend yield of 12.02%. HSBC’s dividend payout ratio is currently 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.