Werba Rubin Papier Wealth Management Takes Position in HSBC Holdings plc (NYSE:HSBC)

Werba Rubin Papier Wealth Management bought a new position in shares of HSBC Holdings plc (NYSE:HSBC) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,680 shares of the financial services provider’s stock, valued at approximately $247,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. purchased a new position in shares of HSBC in the fourth quarter worth $27,000. Rise Advisors LLC purchased a new stake in HSBC in the 1st quarter worth $34,000. Family Firm Inc. bought a new position in shares of HSBC during the 2nd quarter valued at about $36,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of HSBC by 38.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 940 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 263 shares during the last quarter. Finally, RFP Financial Group LLC lifted its position in shares of HSBC by 126.1% in the first quarter. RFP Financial Group LLC now owns 1,031 shares of the financial services provider’s stock worth $41,000 after buying an additional 575 shares in the last quarter. Institutional investors own 1.48% of the company’s stock.

HSBC Price Performance

Shares of NYSE HSBC traded down $1.07 during mid-day trading on Friday, hitting $42.87. 1,434,930 shares of the company’s stock traded hands, compared to its average volume of 1,830,539. The company has a market capitalization of $160.80 billion, a P/E ratio of 7.39, a PEG ratio of 0.97 and a beta of 0.56. HSBC Holdings plc has a 1 year low of $35.30 and a 1 year high of $45.53. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.89 and a quick ratio of 0.96. The company’s 50-day moving average is $43.08 and its two-hundred day moving average is $42.19.

HSBC (NYSE:HSBC) last released its earnings results on Wednesday, July 31st. The financial services provider reported $1.65 earnings per share for the quarter. HSBC had a return on equity of 10.60% and a net margin of 15.61%. The firm had revenue of $16.54 billion for the quarter. On average, equities analysts anticipate that HSBC Holdings plc will post 5.74 EPS for the current fiscal year.

HSBC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 16th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, August 16th. This represents a $2.00 dividend on an annualized basis and a yield of 4.67%. HSBC’s payout ratio is 34.14%.

Analyst Upgrades and Downgrades

Separately, Dbs Bank raised HSBC to a “strong-buy” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold”.

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.