Atlas Capital Advisors Inc. Boosts Holdings in HSBC Holdings plc (NYSE:HSBC)

Atlas Capital Advisors Inc. grew its holdings in HSBC Holdings plc (NYSE:HSBC) by 226.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,001 shares of the financial services provider’s stock after acquiring an additional 1,388 shares during the period. Atlas Capital Advisors Inc.’s holdings in HSBC were worth $99,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Berbice Capital Management LLC bought a new stake in HSBC during the 4th quarter worth approximately $25,000. Venturi Wealth Management LLC raised its position in shares of 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. Whipplewood Advisors LLC bought a new position in HSBC in the 4th quarter worth $30,000. Brooklyn Investment Group bought a new stake in HSBC during the fourth quarter valued at about $49,000. Finally, Sierra Ocean LLC purchased a new position in shares of HSBC in the fourth quarter valued at about $73,000. Institutional investors own 1.48% of the company’s stock.

HSBC Trading Down 6.8 %

Shares of NYSE HSBC opened at $49.87 on Friday. The stock has a market capitalization of $177.57 billion, a P/E ratio of 8.04, a PEG ratio of 1.05 and a beta of 0.40. HSBC Holdings plc has a 1-year low of $39.42 and a 1-year high of $61.88. The business’s 50 day moving average is $56.09 and its two-hundred day moving average is $50.16. 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 quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $13.79 billion. As a group, research analysts expect that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 7th will be paid a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 14.44%. The ex-dividend date of this dividend is Friday, March 7th. HSBC’s payout ratio is currently 115.81%.

Analyst Ratings Changes

Several research firms have weighed in on HSBC. StockNews.com upgraded HSBC from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft cut shares of HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Barclays upgraded HSBC from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 4th. UBS Group reissued a “neutral” rating on shares of HSBC in a research note on Thursday, March 6th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, HSBC currently has a consensus rating of “Moderate Buy”.

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.