HSBC Holdings plc (NYSE:HSBC) Shares Bought by PDS Planning Inc

PDS Planning Inc boosted its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 3.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,023 shares of the financial services provider’s stock after purchasing an additional 494 shares during the period. PDS Planning Inc’s holdings in HSBC were worth $528,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HSBC. Milestone Investment Advisors LLC acquired a new stake in HSBC during the 3rd quarter worth about $26,000. Assetmark Inc. acquired a new stake in HSBC during the 3rd quarter worth about $30,000. Paradigm Asset Management Co. LLC acquired a new stake in HSBC during the 3rd quarter worth about $39,000. Fifth Third Bancorp grew its position in shares of HSBC by 34.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,321 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 335 shares during the period. Finally, Clear Street Markets LLC acquired a new stake in shares of HSBC during the 3rd quarter valued at about $58,000. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Price Performance

HSBC stock traded up $0.23 during midday trading on Tuesday, reaching $41.85. The company had a trading volume of 696,207 shares, compared to its average volume of 2,245,184. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.90 and a quick ratio of 0.90. The firm’s fifty day simple moving average is $39.33 and its 200-day simple moving average is $39.08. HSBC Holdings plc has a 12-month low of $34.89 and a 12-month high of $42.47. The company has a market capitalization of $158.26 billion, a P/E ratio of 7.34, a P/E/G ratio of 0.95 and a beta of 0.63.

HSBC (NYSE:HSBC) last released its earnings results on Wednesday, February 21st. The financial services provider reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.33). HSBC had a return on equity of 12.89% and a net margin of 19.02%. The business had revenue of $13.02 billion during the quarter. As a group, equities analysts anticipate that HSBC Holdings plc will post 7.24 EPS for the current year.

HSBC Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Friday, March 8th will be paid a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a yield of 14.81%. This is a positive change from HSBC’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Thursday, March 7th. HSBC’s dividend payout ratio (DPR) is 108.42%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on HSBC shares. Barclays restated an “equal weight” rating on shares of HSBC in a research report on Wednesday, March 27th. BNP Paribas cut HSBC from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, HSBC presently has a consensus rating of “Hold” and a consensus target price of $811.00.

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.