HSBC Holdings plc $HSBC Shares Bought by Atria Investments Inc

Atria Investments Inc lifted its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 78.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,119 shares of the financial services provider’s stock after purchasing an additional 4,002 shares during the quarter. Atria Investments Inc’s holdings in HSBC were worth $554,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Focus Partners Advisor Solutions LLC lifted its holdings in HSBC by 4.4% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 4,022 shares of the financial services provider’s stock worth $244,000 after buying an additional 168 shares in the last quarter. Westover Capital Advisors LLC increased its position in shares of HSBC by 2.5% during the first quarter. Westover Capital Advisors LLC now owns 8,150 shares of the financial services provider’s stock worth $468,000 after acquiring an additional 200 shares during the period. Contravisory Investment Management Inc. raised its stake in shares of HSBC by 4.4% in the second quarter. Contravisory Investment Management Inc. now owns 4,972 shares of the financial services provider’s stock valued at $302,000 after acquiring an additional 210 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in HSBC by 1.3% during the 1st quarter. Smartleaf Asset Management LLC now owns 17,094 shares of the financial services provider’s stock worth $988,000 after purchasing an additional 223 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its stake in shares of HSBC by 101.7% in the 2nd quarter. TD Private Client Wealth LLC now owns 464 shares of the financial services provider’s stock valued at $28,000 after buying an additional 234 shares during the period. Institutional investors and hedge funds own 1.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on HSBC shares. BNP Paribas Exane upgraded shares of HSBC from an “underperform” rating to an “outperform” rating in a research note on Friday, September 5th. BNP Paribas raised shares of HSBC from a “strong sell” rating to a “strong-buy” rating in a report on Friday, September 5th. Weiss Ratings restated a “hold (c)” rating on shares of HSBC in a research report on Wednesday, October 8th. Citigroup reaffirmed a “buy” rating on shares of HSBC in a report on Tuesday, October 21st. Finally, Zacks Research upgraded shares of HSBC from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $63.00.

HSBC Stock Down 1.1%

Shares of HSBC stock opened at $71.24 on Monday. The company has a market cap of $245.80 billion, a P/E ratio of 15.00, a PEG ratio of 1.30 and a beta of 0.64. HSBC Holdings plc has a one year low of $44.40 and a one year high of $72.34. The firm has a fifty day moving average of $68.54 and a two-hundred day moving average of $63.59. 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 (NYSE:HSBC) last announced its quarterly earnings data on Tuesday, October 28th. The financial services provider reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.15. HSBC had a return on equity of 12.78% and a net margin of 12.85%.The company had revenue of $17.90 billion for the quarter, compared to analyst estimates of $16.78 billion. On average, analysts forecast that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Friday, November 7th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, November 7th. This is a positive change from HSBC’s previous quarterly dividend of $0.50. HSBC’s payout ratio is 41.68%.

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.