Ieq Capital LLC Buys 1,278 Shares of HSBC Holdings plc (NYSE:HSBC)

Ieq Capital LLC grew its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 8.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,126 shares of the financial services provider’s stock after purchasing an additional 1,278 shares during the period. Ieq Capital LLC’s holdings in HSBC were worth $798,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Berbice Capital Management LLC bought a new stake in HSBC during the fourth quarter worth about $25,000. Venturi Wealth Management LLC boosted its stake in HSBC by 58.2% during 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 boosted its stake in HSBC by 138.5% during the third 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 in the last quarter. Brooklyn Investment Group bought a new stake in HSBC during the fourth quarter worth about $49,000. Finally, Allworth Financial LP boosted its stake in HSBC by 40.9% during the third quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 397 shares in the last quarter. Institutional investors own 1.48% of the company’s stock.

Analyst Ratings Changes

HSBC has been the topic of several analyst reports. Royal Bank of Canada reiterated a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft downgraded shares of HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd.

HSBC Stock Up 3.7 %

Shares of HSBC stock opened at $57.79 on Wednesday. The company has a 50 day simple moving average of $51.58 and a two-hundred day simple moving average of $47.39. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69. The stock has a market cap of $206.97 billion, a P/E ratio of 9.32, a P/E/G ratio of 1.05 and a beta of 0.54. HSBC Holdings plc has a 12 month low of $36.93 and a 12 month high of $57.82.

HSBC (NYSE:HSBC) last announced 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. HSBC had a net margin of 16.17% and a return on equity of 12.20%. The firm had revenue of $11.56 billion during the quarter, compared to analysts’ expectations of $13.79 billion. On average, research analysts expect that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Announces Dividend

The firm also recently disclosed 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 of this dividend is Friday, March 7th. This represents a $7.20 annualized dividend and a yield of 12.46%. HSBC’s dividend payout ratio (DPR) is currently 115.81%.

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.