Farther Finance Advisors LLC Has $268,000 Stock Position in HSBC Holdings plc (NYSE:HSBC)

Farther Finance Advisors LLC lifted its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 43.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,420 shares of the financial services provider’s stock after purchasing an additional 1,638 shares during the quarter. Farther Finance Advisors LLC’s holdings in HSBC were worth $268,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Berbice Capital Management LLC acquired a new position in shares of HSBC during the 4th quarter worth $25,000. Venturi Wealth Management LLC increased its stake in shares of HSBC by 58.2% during the 4th quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 210 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in HSBC in the 4th quarter valued at $30,000. Larson Financial Group LLC grew its stake in HSBC by 138.5% in the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock valued at $35,000 after buying an additional 450 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in HSBC in the 4th quarter valued at $49,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

Wall Street Analysts Forecast Growth

HSBC has been the topic of a number of research analyst reports. UBS Group reiterated a “neutral” rating on shares of HSBC in a research note on Thursday, March 6th. Deutsche Bank Aktiengesellschaft lowered shares of HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Barclays upgraded shares of HSBC from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 4th. StockNews.com upgraded shares of HSBC from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. Finally, Royal Bank of Canada restated a “sector perform” rating on shares of HSBC in a research report on Monday, February 3rd. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

HSBC Stock Performance

NYSE HSBC opened at $58.69 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.96. The firm has a market capitalization of $209.36 billion, a price-to-earnings ratio of 9.47, a P/E/G ratio of 1.05 and a beta of 0.51. The company’s fifty day moving average is $54.34 and its two-hundred day moving average is $48.97. HSBC Holdings plc has a 52-week low of $38.34 and a 52-week high of $61.88.

HSBC (NYSE:HSBC) last posted its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.04. The company had revenue of $11.56 billion for the quarter, compared to analyst estimates of $13.79 billion. HSBC had a net margin of 16.17% and a return on equity of 12.20%. Equities research analysts forecast that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be paid a $1.80 dividend. The ex-dividend date is Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a yield of 12.27%. HSBC’s payout ratio is currently 115.81%.

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.