Savant Capital LLC Has $1.67 Million Holdings in HSBC Holdings plc $HSBC

Savant Capital LLC raised its position in HSBC Holdings plc (NYSE:HSBC) by 41.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,533 shares of the financial services provider’s stock after buying an additional 8,090 shares during the quarter. Savant Capital LLC’s holdings in HSBC were worth $1,674,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in HSBC. NewSquare Capital LLC increased its stake in HSBC by 152.6% in the second quarter. NewSquare Capital LLC now owns 432 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 261 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in shares of HSBC by 101.7% during the 2nd quarter. TD Private Client Wealth LLC now owns 464 shares of the financial services provider’s stock worth $28,000 after buying an additional 234 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of HSBC during the 2nd quarter worth $31,000. Raleigh Capital Management Inc. bought a new position in shares of HSBC in the second quarter worth about $33,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of HSBC in the 2nd quarter valued at approximately $39,000. Institutional investors own 1.48% of the company’s stock.

HSBC Stock Performance

NYSE:HSBC opened at $72.52 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.93 and a current ratio of 0.92. HSBC Holdings plc has a fifty-two week low of $44.40 and a fifty-two week high of $72.82. The company has a 50 day simple moving average of $68.86 and a two-hundred day simple moving average of $63.82. The company has a market capitalization of $250.25 billion, a PE ratio of 15.27, a P/E/G ratio of 1.30 and a beta of 0.64.

HSBC (NYSE:HSBC) last issued its quarterly earnings results on Tuesday, October 28th. The financial services provider reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.15. HSBC had a net margin of 12.85% and a return on equity of 12.78%. The firm had revenue of $17.90 billion for the quarter, compared to the consensus estimate of $16.78 billion. Research analysts anticipate that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Friday, November 7th will be given a $0.50 dividend. This is a boost from HSBC’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, November 7th. This represents a $2.00 annualized dividend and a dividend yield of 2.8%. HSBC’s dividend payout ratio is 41.68%.

Analysts Set New Price Targets

HSBC has been the topic of a number of research reports. BNP Paribas raised shares of HSBC from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, September 5th. Jefferies Financial Group reiterated a “hold” rating on shares of HSBC in a research report on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HSBC in a research note on Wednesday, October 8th. Zacks Research upgraded shares of HSBC from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Finally, BNP Paribas Exane raised shares of HSBC from an “underperform” rating to an “outperform” rating in a report on Friday, September 5th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $63.00.

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.