Lake Street Advisors Group LLC Raises Stock Holdings in HSBC Holdings plc (NYSE:HSBC)

Lake Street Advisors Group LLC boosted its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,929 shares of the financial services provider’s stock after acquiring an additional 739 shares during the quarter. Lake Street Advisors Group LLC’s holdings in HSBC were worth $1,381,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Berbice Capital Management LLC bought a new position in shares of HSBC during the 4th quarter worth $25,000. Venturi Wealth Management LLC increased 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 during the period. Larson Financial Group LLC raised its holdings in shares of HSBC by 138.5% in the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 450 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of HSBC during the fourth quarter valued at approximately $49,000. Finally, Allworth Financial LP raised its stake in HSBC by 40.9% in the third quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider’s stock worth $62,000 after buying an additional 397 shares in the last quarter. Institutional investors own 1.48% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on HSBC shares. Deutsche Bank Aktiengesellschaft cut HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Royal Bank of Canada reiterated a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd.

HSBC Trading Up 0.7 %

NYSE:HSBC opened at $58.19 on Thursday. The firm has a 50 day moving average of $51.79 and a 200 day moving average of $47.47. 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 Holdings plc has a 52 week low of $36.93 and a 52 week high of $58.34. The stock has a market capitalization of $208.40 billion, a price-to-earnings ratio of 9.38, a PEG ratio of 1.05 and a beta of 0.54.

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

HSBC Announces Dividend

The firm 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 dividend of $1.80 per share. The ex-dividend date is Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 12.37%. HSBC’s payout ratio is 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.