Checchi Capital Advisers LLC Has $1.24 Million Position in HSBC Holdings plc (NYSE:HSBC)

Checchi Capital Advisers LLC lifted its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 2.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 25,041 shares of the financial services provider’s stock after buying an additional 686 shares during the quarter. Checchi Capital Advisers LLC’s holdings in HSBC were worth $1,239,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of HSBC. Berbice Capital Management LLC acquired a new stake in shares of HSBC during the 4th quarter worth about $25,000. Venturi Wealth Management LLC lifted its stake in shares of HSBC by 58.2% during the 4th quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock worth $28,000 after buying an additional 210 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of HSBC by 138.5% during the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock worth $35,000 after buying an additional 450 shares during the last quarter. Brooklyn Investment Group bought a new position in HSBC during the fourth quarter worth about $49,000. Finally, Allworth Financial LP increased its position in HSBC by 40.9% during the third quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 397 shares during the period. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Price Performance

NYSE:HSBC opened at $58.19 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88. HSBC Holdings plc has a 52 week low of $36.93 and a 52 week high of $58.34. The firm has a market cap of $208.40 billion, a price-to-earnings ratio of 9.38, a P/E/G ratio of 1.05 and a beta of 0.54. The firm’s 50-day simple moving average is $51.79 and its 200 day simple moving average is $47.47.

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

HSBC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 7th will be issued a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 12.37%. The ex-dividend date of this dividend is Friday, March 7th. HSBC’s dividend payout ratio is currently 115.81%.

Analysts Set New Price Targets

A number of research firms recently commented on HSBC. Deutsche Bank Aktiengesellschaft lowered shares of HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of HSBC in a research report on Monday, February 3rd.

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.