TruNorth Capital Management LLC Takes $198,000 Position in HSBC Holdings plc (NYSE:HSBC)

TruNorth Capital Management LLC acquired a new position in shares of HSBC Holdings plc (NYSE:HSBC) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 4,000 shares of the financial services provider’s stock, valued at approximately $198,000.

Other large investors have also bought and sold shares of the company. Berbice Capital Management LLC acquired a new position in shares of HSBC during the fourth quarter worth $25,000. Venturi Wealth Management LLC grew its position in HSBC by 58.2% during the 4th quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 210 shares during the last quarter. Larson Financial Group LLC increased its holdings in HSBC by 138.5% in the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 450 shares in the last quarter. Brooklyn Investment Group bought a new position in HSBC in the fourth quarter valued at about $49,000. Finally, Allworth Financial LP boosted its stake in shares of HSBC by 40.9% during the third quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 397 shares in the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Trading Down 0.7 %

NYSE HSBC opened at $55.70 on Tuesday. The firm has a market capitalization of $199.49 billion, a PE ratio of 8.98, a price-to-earnings-growth ratio of 1.05 and a beta of 0.54. The business’s 50-day moving average price is $51.40 and its two-hundred day moving average price is $47.28. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69. HSBC Holdings plc has a 12 month low of $36.93 and a 12 month high of $57.08.

HSBC (NYSE:HSBC) last announced its 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 analysts’ expectations of $13.79 billion. On average, analysts expect that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 7th will be given a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 12.93%. The ex-dividend date of this dividend is Friday, March 7th. HSBC’s dividend payout ratio (DPR) is presently 115.81%.

Wall Street Analyst Weigh In

HSBC has been the subject of a number of research reports. Royal Bank of Canada reiterated a “sector perform” rating on shares of HSBC in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft downgraded shares of HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd.

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.