SVB Wealth LLC Makes New $441,000 Investment in HSBC Holdings plc (NYSE:HSBC)

SVB Wealth LLC bought a new stake in shares of HSBC Holdings plc (NYSE:HSBC) in the fourth quarter, Holdings Channel.com reports. The fund bought 8,913 shares of the financial services provider’s stock, valued at approximately $441,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC grew its stake in HSBC by 2.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 21,674 shares of the financial services provider’s stock worth $979,000 after acquiring an additional 542 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in shares of HSBC by 2.5% in the third quarter. QRG Capital Management Inc. now owns 310,442 shares of the financial services provider’s stock valued at $14,029,000 after purchasing an additional 7,448 shares during the period. Catalina Capital Group LLC grew its stake in HSBC by 16.1% in the third quarter. Catalina Capital Group LLC now owns 6,309 shares of the financial services provider’s stock worth $285,000 after purchasing an additional 877 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in HSBC by 15.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 500,547 shares of the financial services provider’s stock valued at $22,620,000 after purchasing an additional 67,941 shares in the last quarter. Finally, Meritage Portfolio Management lifted its holdings in shares of HSBC by 28.9% in the 3rd quarter. Meritage Portfolio Management now owns 301,813 shares of the financial services provider’s stock worth $13,639,000 after buying an additional 67,617 shares during the period. 1.48% of the stock is currently owned by institutional investors.

HSBC Price Performance

HSBC opened at $60.27 on Wednesday. The firm has a market capitalization of $215.87 billion, a PE ratio of 9.72, a price-to-earnings-growth ratio of 1.05 and a beta of 0.54. The business’s 50-day moving average is $52.68 and its two-hundred day moving average is $48.00. HSBC Holdings plc has a 1 year low of $36.93 and a 1 year high of $61.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.96.

HSBC (NYSE:HSBC) last posted its earnings results on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, beating 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 company had revenue of $11.56 billion during the quarter, compared to analysts’ expectations of $13.79 billion. Research analysts anticipate that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be given a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a yield of 11.95%. The ex-dividend date of this dividend is Friday, March 7th. HSBC’s dividend payout ratio is currently 115.81%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HSBC. StockNews.com lowered HSBC from a “hold” rating to a “sell” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft lowered shares of HSBC from a “buy” rating to a “hold” rating in a 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. Finally, Barclays raised shares of HSBC from an “equal weight” rating to an “overweight” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, HSBC presently has an average 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.