9,097 Shares in HSBC Holdings plc (NYSE:HSBC) Purchased by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC purchased a new stake in HSBC Holdings plc (NYSE:HSBC) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 9,097 shares of the financial services provider’s stock, valued at approximately $359,000.

Other institutional investors also recently made changes to their positions in the company. Richardson Financial Services Inc. acquired a new position in shares of HSBC during the 4th quarter worth approximately $27,000. Addison Advisors LLC raised its position in shares of HSBC by 74.8% in the 4th quarter. Addison Advisors LLC now owns 895 shares of the financial services provider’s stock valued at $36,000 after buying an additional 383 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of HSBC by 38.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 940 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 263 shares during the period. Assetmark Inc. boosted its stake in HSBC by 198.4% in the fourth quarter. Assetmark Inc. now owns 2,295 shares of the financial services provider’s stock valued at $93,000 after buying an additional 1,526 shares in the last quarter. Finally, Bruce G. Allen Investments LLC acquired a new position in HSBC during the 4th quarter worth approximately $97,000. Institutional investors own 1.48% of the company’s stock.

HSBC Trading Up 1.3 %

NYSE HSBC opened at $44.31 on Friday. HSBC Holdings plc has a 12 month low of $35.30 and a 12 month high of $45.46. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $166.18 billion, a PE ratio of 7.64, a price-to-earnings-growth ratio of 1.05 and a beta of 0.58. The business’s 50-day moving average price is $43.45 and its two-hundred day moving average price is $40.75.

HSBC (NYSE:HSBC) last released its earnings results on Tuesday, April 30th. The financial services provider reported $1.70 earnings per share for the quarter. HSBC had a net margin of 16.13% and a return on equity of 10.80%. The business had revenue of $20.75 billion during the quarter. On average, analysts expect that HSBC Holdings plc will post 6.35 EPS for the current year.

HSBC Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 10th will be issued a $0.50 dividend. The ex-dividend date is Thursday, May 9th. This represents a $2.00 annualized dividend and a yield of 4.51%. HSBC’s payout ratio is 34.14%.

Analyst Upgrades and Downgrades

Separately, Barclays reaffirmed an “equal weight” rating on shares of HSBC in a research note on Wednesday, March 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, HSBC currently has an average rating of “Hold” and a consensus price target of $761.75.

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.