HSBC Holdings plc (NYSE:HSBC) Stake Boosted by Parallel Advisors LLC

Parallel Advisors LLC grew its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 12.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,099 shares of the financial services provider’s stock after purchasing an additional 1,431 shares during the quarter. Parallel Advisors LLC’s holdings in HSBC were worth $648,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Venturi Wealth Management LLC boosted its position in shares of HSBC by 58.2% during the fourth quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock worth $28,000 after buying an additional 210 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of HSBC by 1.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 21,909 shares of the financial services provider’s stock worth $990,000 after buying an additional 235 shares during the period. Sonoma Private Wealth LLC boosted its position in shares of HSBC by 3.9% during the fourth quarter. Sonoma Private Wealth LLC now owns 6,635 shares of the financial services provider’s stock worth $328,000 after buying an additional 250 shares during the period. Abel Hall LLC boosted its position in shares of HSBC by 4.3% during the third quarter. Abel Hall LLC now owns 6,221 shares of the financial services provider’s stock worth $281,000 after buying an additional 257 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its position in shares of HSBC by 1.9% during the third quarter. Integrated Wealth Concepts LLC now owns 14,185 shares of the financial services provider’s stock worth $641,000 after buying an additional 265 shares during the period. 1.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

HSBC Price Performance

Shares of NYSE:HSBC opened at $57.62 on Friday. HSBC Holdings plc has a one year low of $38.94 and a one year high of $61.88. The stock has a fifty day moving average of $54.69 and a 200-day moving average of $49.10. The company has a market capitalization of $205.17 billion, a PE ratio of 9.29, a price-to-earnings-growth ratio of 1.05 and a beta of 0.51. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88.

HSBC (NYSE:HSBC) last announced its quarterly earnings data 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 return on equity of 12.20% and a net margin of 16.17%. The company had revenue of $11.56 billion during the quarter, compared to the consensus estimate of $13.79 billion. As a group, equities analysts anticipate that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Announces Dividend

The business also recently disclosed 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 12.50%. HSBC’s dividend payout ratio (DPR) is presently 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.