Vestmark Advisory Solutions Inc. Makes New $1.37 Million Investment in HSBC Holdings plc $HSBC

Vestmark Advisory Solutions Inc. bought a new stake in HSBC Holdings plc (NYSE:HSBC) in the 2nd quarter, Holdings Channel.com reports. The firm bought 22,543 shares of the financial services provider’s stock, valued at approximately $1,370,000.

Several other institutional investors also recently added to or reduced their stakes in HSBC. Focus Partners Advisor Solutions LLC lifted its stake in HSBC by 4.4% in the second quarter. Focus Partners Advisor Solutions LLC now owns 4,022 shares of the financial services provider’s stock valued at $244,000 after buying an additional 168 shares during the last quarter. Moors & Cabot Inc. raised its position in HSBC by 2.7% in the 2nd quarter. Moors & Cabot Inc. now owns 7,152 shares of the financial services provider’s stock valued at $435,000 after purchasing an additional 189 shares during the last quarter. Westover Capital Advisors LLC boosted its stake in HSBC by 2.5% during the 1st quarter. Westover Capital Advisors LLC now owns 8,150 shares of the financial services provider’s stock worth $468,000 after purchasing an additional 200 shares during the period. Contravisory Investment Management Inc. grew its position in HSBC by 4.4% during the 2nd quarter. Contravisory Investment Management Inc. now owns 4,972 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 210 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in HSBC by 1.3% during the 1st quarter. Smartleaf Asset Management LLC now owns 17,094 shares of the financial services provider’s stock worth $988,000 after purchasing an additional 223 shares during the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Stock Up 1.1%

HSBC opened at $72.03 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.92 and a quick ratio of 0.93. HSBC Holdings plc has a 12 month low of $44.40 and a 12 month high of $72.41. The stock has a market capitalization of $248.55 billion, a P/E ratio of 15.16, a P/E/G ratio of 1.30 and a beta of 0.64. The business has a 50 day simple moving average of $68.69 and a 200-day simple moving average of $63.70.

HSBC (NYSE:HSBC) last issued its earnings results on Tuesday, October 28th. The financial services provider reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.15. HSBC had a net margin of 12.85% and a return on equity of 12.78%. The company had revenue of $17.90 billion for the quarter, compared to analyst estimates of $16.78 billion. On average, equities analysts anticipate that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Friday, November 7th will be given a $0.50 dividend. This is an increase from HSBC’s previous quarterly dividend of $0.50. This represents a $2.00 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, November 7th. HSBC’s dividend payout ratio (DPR) is currently 41.68%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on HSBC shares. Zacks Research raised HSBC from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of HSBC in a research note on Wednesday, October 8th. BNP Paribas Exane upgraded HSBC from an “underperform” rating to an “outperform” rating in a research note on Friday, September 5th. Citigroup reiterated a “buy” rating on shares of HSBC in a research report on Tuesday, October 21st. Finally, Jefferies Financial Group reissued a “hold” rating on shares of HSBC in a research note on Friday, October 10th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, HSBC has a consensus rating of “Moderate Buy” and a consensus price target of $63.00.

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.