D Orazio & Associates Inc. Purchases Shares of 3,896 HSBC Holdings plc (NYSE:HSBC)

D Orazio & Associates Inc. bought a new position in shares of HSBC Holdings plc (NYSE:HSBC) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,896 shares of the financial services provider’s stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HSBC. Venturi Wealth Management LLC raised its position in 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 acquiring an additional 210 shares in the last quarter. CoreCap Advisors LLC increased its stake in shares of HSBC by 342.9% in the 4th quarter. CoreCap Advisors LLC now owns 589 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 456 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in HSBC in the fourth quarter valued at approximately $30,000. Sierra Ocean LLC purchased a new stake in shares of HSBC in the fourth quarter valued at approximately $73,000. Finally, Ameriflex Group Inc. acquired a new stake in HSBC in the 4th quarter valued at $86,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on HSBC shares. Wall Street Zen upgraded shares of HSBC from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Bank of America restated a “neutral” rating and issued a $63.00 price objective on shares of HSBC in a report on Tuesday, June 3rd. UBS Group restated 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. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $63.00.

HSBC Trading Down 1.7%

NYSE HSBC opened at $59.15 on Monday. HSBC Holdings plc has a 52 week low of $39.42 and a 52 week high of $61.88. The firm has a 50 day moving average of $56.49 and a two-hundred day moving average of $54.09. 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 capitalization of $207.98 billion, a PE ratio of 9.54, a price-to-earnings-growth ratio of 1.05 and a beta of 0.58.

HSBC (NYSE:HSBC) last issued its earnings results on Tuesday, April 29th. The financial services provider reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.35. The firm had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $16.60 billion. HSBC had a net margin of 16.17% and a return on equity of 12.20%. As a group, research analysts expect that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, June 20th. Investors of record on Monday, May 12th will be issued a $0.495 dividend. This represents a yield of 3.5%. The ex-dividend date is Friday, May 9th. HSBC’s dividend payout ratio (DPR) is 36.33%.

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.