Farther Finance Advisors LLC Acquires 1,638 Shares of HSBC Holdings plc (NYSE:HSBC)

Farther Finance Advisors LLC boosted its holdings in HSBC Holdings plc (NYSE:HSBC) by 43.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,420 shares of the financial services provider’s stock after purchasing an additional 1,638 shares during the period. Farther Finance Advisors LLC’s holdings in HSBC were worth $268,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Berbice Capital Management LLC acquired a new position in HSBC in the fourth quarter valued at about $25,000. Venturi Wealth Management LLC boosted its position in HSBC by 58.2% in the fourth quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock valued at $28,000 after buying an additional 210 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in HSBC in the fourth quarter valued at about $30,000. Larson Financial Group LLC boosted its position in HSBC by 138.5% in the third quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock valued at $35,000 after buying an additional 450 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in HSBC in the fourth quarter valued at about $49,000. 1.48% of the stock is currently owned by institutional investors and hedge funds.

HSBC Trading Up 1.5 %

HSBC opened at $58.69 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.96. The company has a market cap of $209.36 billion, a price-to-earnings ratio of 9.47, a price-to-earnings-growth ratio of 1.05 and a beta of 0.51. The firm has a 50 day simple moving average of $54.34 and a 200 day simple moving average of $48.97. HSBC Holdings plc has a fifty-two week low of $38.34 and a fifty-two week high of $61.88.

HSBC (NYSE:HSBC) last posted its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.04. The business had revenue of $11.56 billion during the quarter, compared to the consensus estimate of $13.79 billion. HSBC had a net margin of 16.17% and a return on equity of 12.20%. On average, sell-side analysts anticipate that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be paid a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a dividend yield of 12.27%. The ex-dividend date of this dividend is Friday, March 7th. HSBC’s dividend payout ratio (DPR) is 115.81%.

Analyst Ratings Changes

A number of research firms have commented on HSBC. StockNews.com upgraded shares of HSBC from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft lowered shares of HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Royal Bank of Canada reiterated a “sector perform” rating on shares of HSBC in a research report on Monday, February 3rd. UBS Group reiterated a “neutral” rating on shares of HSBC in a research report on Thursday, March 6th. Finally, Barclays upgraded shares of 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 given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, HSBC presently has an average rating of “Moderate Buy”.

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.