7,918 Shares in HSBC Holdings plc (NYSE:HSBC) Bought by Tepp RIA LLC

Tepp RIA LLC purchased a new stake in HSBC Holdings plc (NYSE:HSBC) during the 4th quarter, HoldingsChannel reports. The firm purchased 7,918 shares of the financial services provider’s stock, valued at approximately $392,000. HSBC accounts for about 0.6% of Tepp RIA LLC’s portfolio, making the stock its 19th biggest position.

A number of other institutional investors have also made changes to their positions in the business. AssuredPartners Investment Advisors LLC acquired a new stake in shares of HSBC in the fourth quarter worth $522,000. JPMorgan Chase & Co. boosted its holdings in HSBC by 79.8% in the 4th quarter. JPMorgan Chase & Co. now owns 102,207 shares of the financial services provider’s stock valued at $5,055,000 after purchasing an additional 45,347 shares during the period. TIAA Trust National Association acquired a new stake in HSBC in the 4th quarter worth $210,000. GQG Partners LLC increased its holdings in shares of HSBC by 129.5% during the 4th quarter. GQG Partners LLC now owns 172,913 shares of the financial services provider’s stock worth $8,552,000 after purchasing an additional 97,574 shares during the period. Finally, LPL Financial LLC raised its position in shares of HSBC by 23.2% during the fourth quarter. LPL Financial LLC now owns 153,518 shares of the financial services provider’s stock valued at $7,593,000 after buying an additional 28,875 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HSBC. StockNews.com raised HSBC from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft lowered HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Barclays upgraded HSBC from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 4th. Royal Bank of Canada reiterated a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd. Finally, UBS Group restated a “neutral” rating on shares of HSBC in a research note on Thursday, March 6th. Four research 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

HSBC Stock Up 0.1 %

NYSE HSBC opened at $58.39 on Friday. HSBC Holdings plc has a 1-year low of $39.04 and a 1-year high of $61.88. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69. The stock’s 50 day moving average is $55.54 and its two-hundred day moving average is $49.61. The company has a market capitalization of $207.92 billion, a price-to-earnings ratio of 9.42, a PEG ratio of 1.05 and a beta of 0.51.

HSBC (NYSE:HSBC) last announced its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.41 by $0.04. HSBC had a return on equity of 12.20% and a net margin of 16.17%. The business had revenue of $11.56 billion for the quarter, compared to analyst estimates of $13.79 billion. Equities analysts forecast that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 12.33%. The ex-dividend date is Friday, March 7th. HSBC’s dividend payout ratio (DPR) is currently 115.81%.

HSBC 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.