Waldron Private Wealth LLC Purchases Shares of 5,180 HSBC Holdings plc (NYSE:HSBC)

Waldron Private Wealth LLC bought a new stake in HSBC Holdings plc (NYSE:HSBC) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 5,180 shares of the financial services provider’s stock, valued at approximately $209,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Morgan Stanley increased its holdings in shares of HSBC by 0.9% during the third quarter. Morgan Stanley now owns 8,374,688 shares of the financial services provider’s stock valued at $330,465,000 after acquiring an additional 73,129 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of HSBC by 3.9% in the second quarter. Goldman Sachs Group Inc. now owns 4,799,348 shares of the financial services provider’s stock valued at $190,150,000 after buying an additional 178,435 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of HSBC by 44.6% during the second quarter. Lazard Asset Management LLC now owns 4,422,142 shares of the financial services provider’s stock valued at $175,204,000 after buying an additional 1,364,367 shares during the last quarter. Bank of America Corp DE increased its position in shares of HSBC by 186.8% during the first quarter. Bank of America Corp DE now owns 3,367,602 shares of the financial services provider’s stock worth $114,936,000 after acquiring an additional 2,193,561 shares in the last quarter. Finally, Norges Bank bought a new position in HSBC in the 4th quarter valued at about $65,592,000. 1.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Barclays restated an “equal weight” rating on shares of HSBC in a report on Wednesday, March 27th. BNP Paribas downgraded shares of HSBC from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $811.00.

HSBC Stock Performance

NYSE HSBC opened at $39.65 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $150.64 billion, a PE ratio of 6.96, a price-to-earnings-growth ratio of 0.96 and a beta of 0.63. HSBC Holdings plc has a 52-week low of $34.89 and a 52-week high of $42.47. The company has a 50-day simple moving average of $39.22 and a 200 day simple moving average of $39.04.

HSBC (NYSE:HSBC) last posted its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.57 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.33). HSBC had a net margin of 19.02% and a return on equity of 12.89%. The firm had revenue of $13.02 billion during the quarter. On average, research analysts predict that HSBC Holdings plc will post 7.24 EPS for the current year.

HSBC Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Friday, March 8th will be paid a $1.55 dividend. This is a boost from HSBC’s previous quarterly dividend of $0.50. This represents a $6.20 dividend on an annualized basis and a yield of 15.64%. The ex-dividend date of this dividend is Thursday, March 7th. HSBC’s payout ratio is currently 108.42%.

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.