Smartleaf Asset Management LLC Buys 7,495 Shares of HSBC Holdings plc (NYSE:HSBC)

Smartleaf Asset Management LLC raised its stake in HSBC Holdings plc (NYSE:HSBC) by 79.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,871 shares of the financial services provider’s stock after purchasing an additional 7,495 shares during the period. Smartleaf Asset Management LLC’s holdings in HSBC were worth $835,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Berbice Capital Management LLC bought a new stake in shares of HSBC during the fourth quarter worth about $25,000. Venturi Wealth Management LLC increased its position in shares of HSBC by 58.2% during the fourth 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 in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of HSBC during the fourth quarter worth about $30,000. Larson Financial Group LLC increased its position in shares of HSBC by 138.5% during the third quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 450 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of HSBC during the fourth quarter worth about $49,000. 1.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on HSBC shares. StockNews.com cut shares of HSBC from a “hold” rating to a “sell” rating in a report on Monday. Royal Bank of Canada restated a “sector perform” rating on shares of HSBC in a report on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft cut shares of HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, HSBC has an average rating of “Hold”.

HSBC Stock Up 0.7 %

HSBC opened at $60.35 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. The stock has a market cap of $216.15 billion, a price-to-earnings ratio of 9.73, a PEG ratio of 1.05 and a beta of 0.54. HSBC Holdings plc has a twelve month low of $36.93 and a twelve month high of $61.42. The company’s 50-day moving average price is $52.46 and its two-hundred day moving average price is $47.87.

HSBC (NYSE:HSBC) last released its earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.04. The firm had revenue of $11.56 billion for the quarter, compared to analysts’ expectations of $13.79 billion. HSBC had a net margin of 16.17% and a return on equity of 12.20%. As a group, equities analysts expect that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 7th will be paid a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 11.93%. The ex-dividend date of this dividend is Friday, March 7th. HSBC’s payout ratio is 115.81%.

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.