Sequoia Financial Advisors LLC Buys 1,575 Shares of HSBC Holdings plc (NYSE:HSBC)

Sequoia Financial Advisors LLC grew its stake in HSBC Holdings plc (NYSE:HSBC) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,815 shares of the financial services provider’s stock after acquiring an additional 1,575 shares during the period. Sequoia Financial Advisors LLC’s holdings in HSBC were worth $2,711,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Bank of Montreal Can lifted its holdings in HSBC by 124.3% in the third quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider’s stock valued at $7,820,000 after buying an additional 94,991 shares during the period. Wealthstar Advisors LLC acquired a new position in HSBC in the fourth quarter valued at approximately $664,000. Entropy Technologies LP acquired a new position in HSBC in the fourth quarter valued at approximately $701,000. Ritholtz Wealth Management lifted its holdings in HSBC by 12.3% in the fourth quarter. Ritholtz Wealth Management now owns 141,108 shares of the financial services provider’s stock valued at $6,979,000 after buying an additional 15,510 shares during the period. Finally, Perigon Wealth Management LLC acquired a new position in HSBC in the fourth quarter valued at approximately $244,000. 1.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HSBC has been the topic of several analyst reports. Barclays upgraded shares of HSBC from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. UBS Group reiterated a “neutral” rating on shares of HSBC in a report on Thursday, March 6th. Royal Bank of Canada reiterated a “sector perform” rating on shares of HSBC in a report on Monday, February 3rd. StockNews.com upgraded shares of HSBC from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft lowered shares of HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

HSBC Stock Up 2.6 %

Shares of HSBC stock opened at $57.08 on Friday. The firm has a fifty day moving average of $53.97 and a 200-day moving average of $48.71. The company has a quick ratio of 0.96, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. HSBC Holdings plc has a 12-month low of $38.04 and a 12-month high of $61.88. The company has a market capitalization of $203.60 billion, a price-to-earnings ratio of 9.21, a P/E/G ratio of 1.05 and a beta of 0.51.

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 business had revenue of $11.56 billion during the quarter, compared to the consensus estimate of $13.79 billion. HSBC had a net margin of 16.17% and a return on equity of 12.20%. As a group, equities research analysts predict that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be given a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 12.61%. The ex-dividend date of this dividend is Friday, March 7th. HSBC’s dividend payout ratio (DPR) is currently 115.81%.

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.