BKM Wealth Management LLC Buys 3,941 Shares of HSBC Holdings plc (NYSE:HSBC)

BKM Wealth Management LLC raised its holdings in HSBC Holdings plc (NYSE:HSBC) by 43.8% in the 1st quarter, HoldingsChannel reports. The firm owned 12,936 shares of the financial services provider’s stock after purchasing an additional 3,941 shares during the quarter. BKM Wealth Management LLC’s holdings in HSBC were worth $509,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Richardson Financial Services Inc. bought a new position in HSBC in the 4th quarter valued at $27,000. Rise Advisors LLC acquired a new stake in shares of HSBC in the 1st quarter valued at $34,000. Addison Advisors LLC increased its stake 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 during the period. Benjamin F. Edwards & Company Inc. increased its stake in shares of HSBC by 38.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 940 shares of the financial services provider’s stock valued at $38,000 after buying an additional 263 shares during the period. Finally, Assetmark Inc. increased its stake in shares of HSBC by 198.4% in the 4th 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 during the period. Institutional investors own 1.48% of the company’s stock.

HSBC Stock Up 0.7 %

Shares of HSBC stock opened at $43.80 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.51. HSBC Holdings plc has a 12 month low of $35.30 and a 12 month high of $45.46. The business has a fifty day simple moving average of $43.86 and a 200 day simple moving average of $40.98. The stock has a market cap of $164.29 billion, a PE ratio of 7.55, a price-to-earnings-growth ratio of 1.04 and a beta of 0.58.

HSBC (NYSE:HSBC) last announced its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.70 EPS for the quarter. HSBC had a return on equity of 10.80% and a net margin of 16.13%. The business had revenue of $20.75 billion during the quarter. Research analysts predict 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 $0.50 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $2.00 dividend on an annualized basis and a yield of 4.57%. HSBC’s payout ratio is 34.14%.

Analyst Upgrades and Downgrades

Separately, Barclays reissued an “equal weight” rating on shares of HSBC in a research note on Wednesday, March 27th. Two 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 stock. Based on data from MarketBeat, HSBC currently has an average rating of “Hold” and a consensus price target of $761.75.

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.