Abel Hall LLC Makes New $213,000 Investment in HSBC Holdings plc (NYSE:HSBC)

Abel Hall LLC purchased a new stake in HSBC Holdings plc (NYSE:HSBC) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,250 shares of the financial services provider’s stock, valued at approximately $213,000.

A number of other institutional investors also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of HSBC by 38.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 940 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 263 shares in the last quarter. Savant Capital LLC increased its position in shares of HSBC by 5.3% in the fourth quarter. Savant Capital LLC now owns 5,574 shares of the financial services provider’s stock valued at $226,000 after acquiring an additional 279 shares during the last quarter. Addison Advisors LLC increased its position in shares of HSBC by 74.8% in the fourth quarter. Addison Advisors LLC now owns 895 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 383 shares during the last quarter. Lake Street Advisors Group LLC increased its position in shares of HSBC by 1.4% in the third quarter. Lake Street Advisors Group LLC now owns 28,179 shares of the financial services provider’s stock valued at $1,112,000 after acquiring an additional 393 shares during the last quarter. Finally, Greenleaf Trust increased its position in shares of HSBC by 4.5% in the fourth quarter. Greenleaf Trust now owns 10,665 shares of the financial services provider’s stock valued at $432,000 after acquiring an additional 459 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors.

HSBC Stock Performance

NYSE HSBC traded up $0.01 during trading on Friday, reaching $43.22. 1,143,430 shares of the company’s stock were exchanged, compared to its average volume of 1,180,131. The business has a 50 day moving average price of $43.24 and a 200-day moving average price of $40.61. The stock has a market capitalization of $162.11 billion, a P/E ratio of 7.45, a PEG ratio of 1.03 and a beta of 0.58. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.96 and a quick ratio of 0.96. HSBC Holdings plc has a fifty-two week low of $35.30 and a fifty-two week high of $45.46.

HSBC (NYSE:HSBC) last posted its earnings results on Tuesday, April 30th. The financial services provider reported $1.70 EPS for the quarter. HSBC had a return on equity of 10.80% and a net margin of 16.13%. The company had revenue of $20.75 billion for the quarter. Sell-side analysts forecast that HSBC Holdings plc will post 6.35 earnings per share for the current fiscal year.

HSBC Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.63%. The ex-dividend date of this dividend is Thursday, May 9th. HSBC’s dividend payout ratio (DPR) is currently 34.14%.

Analyst Ratings Changes

Separately, Barclays reaffirmed an “equal weight” rating on shares of HSBC in a research report on Wednesday, March 27th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $761.75.

HSBC 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.