Benjamin Edwards Inc. Acquires Shares of 5,929 HSBC Holdings plc (NYSE:HSBC)

Benjamin Edwards Inc. acquired a new stake in HSBC Holdings plc (NYSE:HSBC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,929 shares of the financial services provider’s stock, valued at approximately $293,000.

A number of other institutional investors have also recently made changes to their positions in HSBC. Berbice Capital Management LLC acquired a new stake in shares of HSBC in the fourth quarter worth approximately $25,000. Venturi Wealth Management LLC boosted its stake 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 during the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of HSBC in the fourth quarter worth approximately $30,000. Brooklyn Investment Group acquired a new stake in shares of HSBC in the fourth quarter worth approximately $49,000. Finally, Sierra Ocean LLC acquired a new stake in shares of HSBC in the fourth quarter worth approximately $73,000. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Price Performance

NYSE:HSBC opened at $56.74 on Monday. HSBC Holdings plc has a 52 week low of $39.42 and a 52 week high of $61.88. 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 company has a market capitalization of $200.55 billion, a P/E ratio of 9.15, a P/E/G ratio of 1.05 and a beta of 0.53. The stock’s fifty day moving average is $55.08 and its two-hundred day moving average is $51.77.

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

HSBC Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, May 12th will be given 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 is currently 36.33%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HSBC. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd. UBS Group reiterated a “neutral” rating on shares of HSBC in a research report on Thursday, March 6th. Deutsche Bank Aktiengesellschaft downgraded HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. StockNews.com upgraded HSBC from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Finally, Barclays upgraded HSBC from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 4th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

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.