Clarius Group LLC Has $801,000 Position in HSBC Holdings plc (NYSE:HSBC)

Clarius Group LLC lifted its position in HSBC Holdings plc (NYSE:HSBC) by 30.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,947 shares of the financial services provider’s stock after acquiring an additional 3,286 shares during the period. Clarius Group LLC’s holdings in HSBC were worth $801,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of HSBC. Venturi Wealth Management LLC increased its holdings in shares of HSBC by 58.2% in the fourth quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 210 shares in the last quarter. CoreCap Advisors LLC grew its position 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 during the period. Whipplewood Advisors LLC bought a new stake in HSBC during the 4th quarter worth approximately $30,000. Ameriflex Group Inc. acquired a new stake in HSBC during the 4th quarter worth approximately $86,000. Finally, Raiffeisen Bank International AG bought a new position in HSBC in the fourth quarter valued at approximately $94,000. Institutional investors own 1.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HSBC. Bank of America reissued a “neutral” rating and set a $63.00 price objective on shares of HSBC in a research report on Tuesday, June 3rd. Wall Street Zen upgraded HSBC from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. UBS Group restated a “neutral” rating on shares of HSBC in a report on Thursday, March 6th. Finally, Barclays upgraded HSBC from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, HSBC presently has a consensus rating of “Hold” and an average price target of $63.00.

HSBC Price Performance

NYSE:HSBC opened at $59.18 on Thursday. The stock’s 50-day simple moving average is $57.13 and its 200 day simple moving average is $54.25. HSBC Holdings plc has a 52-week low of $39.42 and a 52-week high of $61.88. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $208.08 billion, a P/E ratio of 10.86, a P/E/G ratio of 1.84 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 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.35. The business had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $16.60 billion. HSBC had a net margin of 14.55% and a return on equity of 12.55%. As a group, sell-side analysts forecast that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Dividend Announcement

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

About HSBC

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.