10,545 Shares in HSBC Holdings plc (NYSE:HSBC) Bought by AssuredPartners Investment Advisors LLC

AssuredPartners Investment Advisors LLC acquired a new position in shares of HSBC Holdings plc (NYSE:HSBC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,545 shares of the financial services provider’s stock, valued at approximately $522,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Bank of Montreal Can boosted its holdings in HSBC by 124.3% in the 3rd quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider’s stock worth $7,820,000 after acquiring an additional 94,991 shares during the period. Wealthstar Advisors LLC purchased a new position in shares of HSBC in the fourth quarter valued at $664,000. Entropy Technologies LP acquired a new stake in HSBC during the 4th quarter valued at $701,000. Ritholtz Wealth Management increased its stake in HSBC by 12.3% during the 4th quarter. Ritholtz Wealth Management now owns 141,108 shares of the financial services provider’s stock worth $6,979,000 after buying an additional 15,510 shares during the period. Finally, Perigon Wealth Management LLC acquired a new position in HSBC in the 4th quarter worth $244,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

HSBC Trading Up 0.1 %

NYSE:HSBC opened at $58.39 on Friday. HSBC Holdings plc has a 52 week low of $39.04 and a 52 week high of $61.88. The company has a quick ratio of 0.96, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. The company has a market cap of $207.92 billion, a PE ratio of 9.42, a P/E/G ratio of 1.05 and a beta of 0.51. The business’s 50 day moving average is $55.54 and its two-hundred day moving average is $49.61.

HSBC (NYSE:HSBC) last released its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.04. The firm had revenue of $11.56 billion during 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%. On average, analysts predict that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be paid a dividend of $1.80 per share. The ex-dividend date is Friday, March 7th. This represents a $7.20 annualized dividend and a yield of 12.33%. HSBC’s dividend payout ratio (DPR) is 115.81%.

Wall Street Analysts Forecast Growth

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

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.