72,432 Shares in HSBC Holdings plc $HSBC Acquired by Shilanski & Associates Inc.

Shilanski & Associates Inc. purchased a new stake in HSBC Holdings plc (NYSE:HSBC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 72,432 shares of the financial services provider’s stock, valued at approximately $5,141,000. HSBC makes up approximately 1.4% of Shilanski & Associates Inc.’s holdings, making the stock its 24th largest position.

Several other large investors have also modified their holdings of HSBC. NewSquare Capital LLC raised its position in shares of HSBC by 152.6% during the second quarter. NewSquare Capital LLC now owns 432 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 261 shares during the period. TD Private Client Wealth LLC raised its holdings in HSBC by 101.7% during the 2nd quarter. TD Private Client Wealth LLC now owns 464 shares of the financial services provider’s stock worth $28,000 after buying an additional 234 shares during the period. Opal Wealth Advisors LLC purchased a new stake in HSBC during the second quarter valued at about $31,000. Retirement Wealth Solutions LLC acquired a new position in shares of HSBC in the third quarter worth about $32,000. Finally, Raleigh Capital Management Inc. purchased a new position in shares of HSBC in the second quarter worth approximately $33,000. 1.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HSBC has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised shares of HSBC from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, December 17th. Erste Group Bank raised HSBC from a “hold” rating to a “buy” rating in a research report on Thursday, November 20th. Citigroup reissued a “buy” rating on shares of HSBC in a research report on Tuesday, October 21st. Weiss Ratings restated a “hold (c+)” rating on shares of HSBC in a research report on Monday. Finally, Zacks Research upgraded HSBC from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $63.00.

HSBC Price Performance

HSBC opened at $79.23 on Wednesday. The stock has a fifty day moving average price of $72.47 and a 200 day moving average price of $67.55. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49. HSBC Holdings plc has a 1 year low of $45.66 and a 1 year high of $79.97. The stock has a market cap of $272.16 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 0.99 and a beta of 0.52.

HSBC (NYSE:HSBC) last posted its quarterly earnings results on Tuesday, October 28th. The financial services provider reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.15. The company had revenue of $17.79 billion during the quarter, compared to the consensus estimate of $16.78 billion. HSBC had a return on equity of 12.78% and a net margin of 12.85%. Analysts forecast that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Friday, November 7th were given a $0.50 dividend. This is a positive change from HSBC’s previous quarterly dividend of $0.50. This represents a $2.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Friday, November 7th. HSBC’s payout ratio is presently 41.68%.

About HSBC

HSBC Holdings plc (NYSE: HSBC) is a multinational banking and financial services organization headquartered in London. It traces its origins to the Hongkong and Shanghai Banking Corporation, founded in 1865 to facilitate trade between Europe and Asia, and has since grown into one of the world’s largest banking groups. The company is publicly listed in multiple markets, including the London Stock Exchange, the Hong Kong Stock Exchange and as an American depositary receipt on the New York Stock Exchange.

HSBC operates a universal banking model, serving retail, commercial, corporate and institutional clients.