Wealthstream Advisors Inc. Takes $218,000 Position in HSBC Holdings plc $HSBC

Wealthstream Advisors Inc. acquired a new stake in shares of HSBC Holdings plc (NYSE:HSBC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,592 shares of the financial services provider’s stock, valued at approximately $218,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of HSBC. GAMMA Investing LLC increased its holdings in shares of HSBC by 24.7% during the first quarter. GAMMA Investing LLC now owns 9,739 shares of the financial services provider’s stock valued at $559,000 after acquiring an additional 1,929 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in HSBC by 6.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 29,391 shares of the financial services provider’s stock worth $1,688,000 after buying an additional 1,897 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in HSBC by 23.4% during the first quarter. Janney Montgomery Scott LLC now owns 60,401 shares of the financial services provider’s stock worth $3,469,000 after buying an additional 11,463 shares in the last quarter. Garde Capital Inc. bought a new stake in HSBC during the first quarter worth $43,000. Finally, EWA LLC bought a new stake in HSBC during the first quarter worth $202,000. Institutional investors own 1.48% of the company’s stock.

HSBC Stock Down 0.3%

Shares of NYSE:HSBC opened at $65.87 on Friday. The company has a market capitalization of $227.29 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 1.72 and a beta of 0.62. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.86 and a quick ratio of 0.93. The business has a fifty day moving average price of $67.31 and a two-hundred day moving average price of $61.53. HSBC Holdings plc has a 1 year low of $43.97 and a 1 year high of $72.21.

HSBC (NYSE:HSBC) last announced its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.33. The firm had revenue of $16.90 billion during the quarter, compared to the consensus estimate of $16.64 billion. HSBC had a return on equity of 12.73% and a net margin of 13.48%. Analysts forecast that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, August 15th were given a dividend of $0.495 per share. This represents a $1.98 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, August 15th. HSBC’s dividend payout ratio is currently 39.21%.

Analysts Set New Price Targets

HSBC has been the subject of several recent research reports. Citigroup reiterated a “buy” rating on shares of HSBC in a report on Monday, September 22nd. Jefferies Financial Group reiterated a “hold” rating on shares of HSBC in a report on Friday, October 10th. Zacks Research downgraded HSBC from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. BNP Paribas Exane upgraded HSBC from an “underperform” rating to an “outperform” rating in a report on Friday, September 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of HSBC in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $63.00.

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.