Mission Wealth Management LP Has $453,000 Holdings in HSBC Holdings plc (NYSE:HSBC)

Mission Wealth Management LP raised its position in shares of HSBC Holdings plc (NYSE:HSBC) by 13.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,162 shares of the financial services provider’s stock after purchasing an additional 1,067 shares during the quarter. Mission Wealth Management LP’s holdings in HSBC were worth $453,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Berbice Capital Management LLC acquired a new stake in HSBC during the 4th quarter valued at approximately $25,000. Venturi Wealth Management LLC increased its position in HSBC by 58.2% during the 4th quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 210 shares during the period. Whipplewood Advisors LLC acquired a new stake in HSBC during the 4th quarter valued at approximately $30,000. Larson Financial Group LLC increased its position in HSBC by 138.5% during the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 450 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in shares of HSBC during the 4th quarter worth approximately $49,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Price Performance

Shares of HSBC opened at $61.56 on Thursday. HSBC Holdings plc has a 12-month low of $36.93 and a 12-month high of $61.88. The business’s fifty day moving average is $52.92 and its 200 day moving average is $48.09. 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 $219.61 billion, a P/E ratio of 9.93, a P/E/G ratio of 1.05 and a beta of 0.51.

HSBC (NYSE:HSBC) last issued its earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.04. HSBC had a return on equity of 12.20% and a net margin of 16.17%. The company had revenue of $11.56 billion for the quarter, compared to analysts’ expectations of $13.79 billion. Sell-side analysts anticipate that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be issued a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 11.70%. The ex-dividend date is Friday, March 7th. HSBC’s dividend payout ratio is currently 115.81%.

Wall Street Analysts Forecast Growth

HSBC has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of HSBC in a research report on Monday, February 3rd. StockNews.com downgraded shares of HSBC from a “hold” rating to a “sell” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft downgraded shares of HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Barclays raised shares of HSBC from an “equal weight” rating to an “overweight” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

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.