World Investment Advisors Raises Stake in HSBC Holdings plc $HSBC

World Investment Advisors boosted its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 148.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,302 shares of the financial services provider’s stock after buying an additional 6,744 shares during the quarter. World Investment Advisors’ holdings in HSBC were worth $889,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Transamerica Financial Advisors LLC grew its position in shares of HSBC by 287.1% during the 4th quarter. Transamerica Financial Advisors LLC now owns 329 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 244 shares during the period. Measured Wealth Private Client Group LLC bought a new stake in shares of HSBC in the 3rd quarter worth approximately $26,000. Binnacle Investments Inc raised its holdings in shares of HSBC by 80.5% in the 3rd quarter. Binnacle Investments Inc now owns 444 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 198 shares during the period. Cornerstone Planning Group LLC lifted its stake in HSBC by 30.7% in the fourth quarter. Cornerstone Planning Group LLC now owns 498 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 117 shares during the last quarter. Finally, SHP Wealth Management bought a new position in HSBC during the fourth quarter valued at $42,000. Institutional investors own 1.48% of the company’s stock.

HSBC Trading Up 1.5%

NYSE:HSBC opened at $96.43 on Tuesday. HSBC Holdings plc has a 1 year low of $58.14 and a 1 year high of $96.90. The stock’s fifty day moving average price is $91.50 and its two-hundred day moving average price is $85.83. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $331.40 billion, a P/E ratio of 15.81, a P/E/G ratio of 0.84 and a beta of 0.56.

HSBC (NYSE:HSBC) last announced its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $0.44 earnings per share for the quarter. HSBC had a return on equity of 13.35% and a net margin of 16.06%.The company had revenue of $19.12 billion during the quarter. As a group, analysts expect that HSBC Holdings plc will post 8.6 EPS for the current year.

HSBC Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, May 15th. HSBC’s payout ratio is presently 32.46%.

Insider Buying and Selling at HSBC

In other news, insider Daniel Scott Palomaki sold 23,123 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $18.11, for a total value of $418,757.53. Following the sale, the insider directly owned 4,973 shares of the company’s stock, valued at approximately $90,061.03. This represents a 82.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.01% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

HSBC has been the topic of several research reports. BNP Paribas Exane lowered HSBC from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 14th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of HSBC in a research note on Thursday, May 14th. The Goldman Sachs Group assumed coverage on HSBC in a report on Thursday, March 26th. They issued a “buy” rating for the company. Weiss Ratings cut HSBC from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Finally, Zacks Research lowered shares of HSBC from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

About HSBC

HSBC Holdings plc (NYSE: HSBC) is a multinational banking and financial services organization headquartered in London. It traces its origins to the Hongkong and Shanghai Banking Corporation, founded in 1865 to facilitate trade between Europe and Asia, and has since grown into one of the world’s largest banking groups. The company is publicly listed in multiple markets, including the London Stock Exchange, the Hong Kong Stock Exchange and as an American depositary receipt on the New York Stock Exchange.

HSBC operates a universal banking model, serving retail, commercial, corporate and institutional clients.