Vise Technologies Inc. Acquires Shares of 25,392 HSBC Holdings plc $HSBC

Vise Technologies Inc. bought a new position in shares of HSBC Holdings plc (NYSE:HSBC) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 25,392 shares of the financial services provider’s stock, valued at approximately $1,544,000.

A number of other institutional investors have also recently modified their holdings of the business. NewSquare Capital LLC grew its holdings in HSBC by 152.6% during the second quarter. NewSquare Capital LLC now owns 432 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 261 shares during the period. TD Private Client Wealth LLC boosted its position in shares of HSBC by 101.7% during the 2nd quarter. TD Private Client Wealth LLC now owns 464 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 234 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of HSBC during the 2nd quarter worth $31,000. Raleigh Capital Management Inc. purchased a new position in shares of HSBC in the 2nd quarter valued at about $33,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of HSBC in the second quarter valued at about $39,000. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

HSBC Stock Up 0.7%

HSBC opened at $72.52 on Wednesday. The business’s fifty day simple moving average is $68.86 and its 200 day simple moving average is $63.82. HSBC Holdings plc has a 52 week low of $44.40 and a 52 week high of $72.82. The firm has a market cap of $250.25 billion, a P/E ratio of 15.27, a PEG ratio of 1.30 and a beta of 0.64. The company has a quick ratio of 0.93, a current ratio of 0.92 and a debt-to-equity ratio of 0.49.

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

HSBC Increases Dividend

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

Analysts Set New Price Targets

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

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.