606 Shares in HSBC Holdings plc (NYSE:HSBC) Purchased by Whipplewood Advisors LLC

Whipplewood Advisors LLC bought a new stake in HSBC Holdings plc (NYSE:HSBC) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 606 shares of the financial services provider’s stock, valued at approximately $30,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of HSBC. Berbice Capital Management LLC purchased a new position in HSBC in the fourth quarter valued at approximately $25,000. Venturi Wealth Management LLC raised its stake in shares of HSBC by 58.2% in the fourth quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock valued at $28,000 after buying an additional 210 shares during the period. Larson Financial Group LLC lifted its position in shares of HSBC by 138.5% during the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock valued at $35,000 after buying an additional 450 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of HSBC during the 4th quarter worth $49,000. Finally, Sierra Ocean LLC purchased a new stake in HSBC in the 4th quarter worth about $73,000. 1.48% of the stock is owned by institutional investors.

HSBC Stock Performance

NYSE:HSBC opened at $59.89 on Friday. HSBC Holdings plc has a 52-week low of $36.93 and a 52-week high of $59.91. The business’s fifty day moving average is $52.22 and its 200 day moving average is $47.71. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88. The firm has a market cap of $214.49 billion, a price-to-earnings ratio of 9.66, a PEG ratio of 1.05 and a beta of 0.54.

HSBC (NYSE:HSBC) last announced its quarterly earnings results 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. The firm had revenue of $11.56 billion for the quarter, compared to the consensus estimate of $13.79 billion. HSBC had a net margin of 16.17% and a return on equity of 12.20%. Research analysts predict that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders 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 dividend on an annualized basis and a dividend yield of 12.02%. HSBC’s dividend payout ratio (DPR) is currently 115.81%.

Wall Street Analyst Weigh In

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

HSBC Company Profile

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.