180 Wealth Advisors LLC Purchases Shares of 5,698 HSBC Holdings plc (NYSE:HSBC)

180 Wealth Advisors LLC purchased a new stake in shares of HSBC Holdings plc (NYSE:HSBC) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,698 shares of the financial services provider’s stock, valued at approximately $224,000.

Several other institutional investors have also added to or reduced their stakes in HSBC. Dimensional Fund Advisors LP boosted its position in HSBC by 3.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,621,349 shares of the financial services provider’s stock valued at $471,129,000 after buying an additional 376,641 shares during the period. American Century Companies Inc. boosted its holdings in shares of HSBC by 39.4% during the third quarter. American Century Companies Inc. now owns 698,250 shares of the financial services provider’s stock worth $27,553,000 after purchasing an additional 197,283 shares during the period. CWM LLC boosted its holdings in shares of HSBC by 3,518.2% during the fourth quarter. CWM LLC now owns 177,835 shares of the financial services provider’s stock worth $7,209,000 after purchasing an additional 172,920 shares during the period. Ramirez Asset Management Inc. purchased a new stake in shares of HSBC during the third quarter worth about $4,384,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of HSBC during the third quarter worth about $3,239,000. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Barclays reiterated an “equal weight” rating on shares of HSBC in a report 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, HSBC currently has an average rating of “Hold” and a consensus target price of $761.75.

HSBC Price Performance

HSBC stock opened at $43.51 on Friday. HSBC Holdings plc has a 1 year low of $35.30 and a 1 year high of $45.46. The company has a market cap of $163.20 billion, a P/E ratio of 7.50, a PEG ratio of 1.05 and a beta of 0.58. The firm has a 50-day moving average of $43.86 and a 200 day moving average of $40.96. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.96 and a quick ratio of 0.96.

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

HSBC Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, May 10th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date of this dividend was Thursday, May 9th. HSBC’s dividend payout ratio is 34.14%.

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.