HSBC Holdings plc (NYSE:HSBC) Stake Raised by Ritholtz Wealth Management

Ritholtz Wealth Management grew its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 13.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,895 shares of the financial services provider’s stock after buying an additional 6,539 shares during the period. Ritholtz Wealth Management’s holdings in HSBC were worth $2,225,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Milestone Investment Advisors LLC acquired a new position in HSBC in the third quarter worth approximately $26,000. Benjamin F. Edwards & Company Inc. acquired a new position in HSBC in the second quarter worth approximately $27,000. Assetmark Inc. acquired a new position in HSBC in the third quarter worth approximately $30,000. Paradigm Asset Management Co. LLC acquired a new position in HSBC in the third quarter worth approximately $39,000. Finally, American National Bank acquired a new position in HSBC in the third quarter worth approximately $40,000. Institutional investors own 1.48% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Barclays reiterated an “equal weight” rating on shares of HSBC in a research report on Wednesday. BNP Paribas cut shares of HSBC from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $811.00.

HSBC Stock Up 1.0 %

Shares of HSBC stock traded up $0.38 on Thursday, hitting $39.37. The company’s stock had a trading volume of 1,779,091 shares, compared to its average volume of 2,310,643. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.90 and a quick ratio of 0.90. HSBC Holdings plc has a fifty-two week low of $33.99 and a fifty-two week high of $42.47. The firm’s fifty day moving average price is $38.88 and its 200-day moving average price is $38.92. The stock has a market capitalization of $150.44 billion, a price-to-earnings ratio of 6.90, a P/E/G ratio of 0.94 and a beta of 0.63.

HSBC (NYSE:HSBC) last released its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.33). HSBC had a net margin of 19.02% and a return on equity of 12.89%. The business had revenue of $13.02 billion during the quarter. Research analysts anticipate that HSBC Holdings plc will post 7.24 EPS for the current year.

HSBC Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Friday, March 8th will be given a dividend of $1.55 per share. This is a positive change from HSBC’s previous quarterly dividend of $0.50. The ex-dividend date is Thursday, March 7th. This represents a $6.20 dividend on an annualized basis and a yield of 15.75%. HSBC’s payout ratio is currently 108.42%.

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.