EverSource Wealth Advisors LLC Acquires 559 Shares of HSBC Holdings plc (NYSE:HSBC)

EverSource Wealth Advisors LLC raised its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 29.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,473 shares of the financial services provider’s stock after purchasing an additional 559 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in HSBC were worth $122,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. FMR LLC grew its position in HSBC by 44.3% in the third quarter. FMR LLC now owns 2,442,205 shares of the financial services provider’s stock valued at $110,363,000 after acquiring an additional 749,759 shares during the period. Crossmark Global Holdings Inc. boosted its stake in shares of HSBC by 2.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 514,642 shares of the financial services provider’s stock valued at $25,454,000 after purchasing an additional 14,095 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of HSBC in the 4th quarter worth about $17,815,000. Bank of New York Mellon Corp lifted its holdings in HSBC by 135.6% during the 4th quarter. Bank of New York Mellon Corp now owns 347,565 shares of the financial services provider’s stock valued at $17,191,000 after purchasing an additional 200,054 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its position in HSBC by 11.7% in the fourth quarter. QRG Capital Management Inc. now owns 346,661 shares of the financial services provider’s stock valued at $17,146,000 after buying an additional 36,219 shares in the last quarter. 1.48% of the stock is currently owned by institutional investors.

HSBC Price Performance

HSBC stock opened at $57.83 on Tuesday. The business’s 50-day simple moving average is $54.14 and its 200 day simple moving average is $48.87. 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 stock has a market cap of $206.27 billion, a price-to-earnings ratio of 9.33, a P/E/G ratio of 1.05 and a beta of 0.51. HSBC Holdings plc has a 12-month low of $38.34 and a 12-month high of $61.88.

HSBC (NYSE:HSBC) last issued its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.41 by $0.04. HSBC had a net margin of 16.17% and a return on equity of 12.20%. The company had revenue of $11.56 billion during the quarter, compared to analysts’ expectations of $13.79 billion. As a group, research analysts anticipate that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 12.45%. HSBC’s dividend payout ratio (DPR) is presently 115.81%.

Analyst Upgrades and Downgrades

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

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.