HSBC Holdings plc (NYSE:HSBC) Shares Purchased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC grew its position in shares of HSBC Holdings plc (NYSE:HSBC) by 23.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,933 shares of the financial services provider’s stock after acquiring an additional 7,908 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in HSBC were worth $2,074,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Berbice Capital Management LLC acquired a new stake in HSBC in the 4th quarter valued at approximately $25,000. Venturi Wealth Management LLC increased its holdings 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 valued at $28,000 after purchasing an additional 210 shares during the period. Whipplewood Advisors LLC bought a new stake in shares of HSBC during the fourth quarter valued at about $30,000. Brooklyn Investment Group acquired a new stake in HSBC in the fourth quarter worth about $49,000. Finally, Sierra Ocean LLC bought a new position in HSBC in the 4th quarter valued at about $73,000. Institutional investors own 1.48% of the company’s stock.

HSBC Stock Up 1.3 %

Shares of HSBC stock opened at $58.00 on Thursday. HSBC Holdings plc has a 1 year low of $39.42 and a 1 year high of $61.88. The company has a market cap of $206.54 billion, a P/E ratio of 9.35, a P/E/G ratio of 1.05 and a beta of 0.51. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69. The stock has a 50-day moving average price of $56.08 and a 200 day moving average price of $50.05.

HSBC (NYSE:HSBC) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $13.79 billion. As a group, analysts expect that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be issued a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $7.20 annualized dividend and a dividend yield of 12.41%. HSBC’s dividend payout ratio is 115.81%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HSBC. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd. StockNews.com raised HSBC from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft downgraded HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. UBS Group reiterated a “neutral” rating on shares of HSBC in a research report on Thursday, March 6th. Finally, Barclays upgraded shares of HSBC from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 4th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

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.