Sivia Capital Partners LLC Takes Position in HSBC Holdings plc (NYSE:HSBC)

Sivia Capital Partners LLC purchased a new position in shares of HSBC Holdings plc (NYSE:HSBC) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 8,084 shares of the financial services provider’s stock, valued at approximately $328,000.

Other large investors have also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. boosted its stake in HSBC by 38.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 940 shares of the financial services provider’s stock worth $38,000 after buying an additional 263 shares during the last quarter. Savant Capital LLC boosted its stake in HSBC by 5.3% during the fourth quarter. Savant Capital LLC now owns 5,574 shares of the financial services provider’s stock worth $226,000 after buying an additional 279 shares during the last quarter. Addison Advisors LLC boosted its stake in HSBC by 74.8% during the fourth quarter. Addison Advisors LLC now owns 895 shares of the financial services provider’s stock worth $36,000 after buying an additional 383 shares during the last quarter. Lake Street Advisors Group LLC boosted its stake in HSBC by 1.4% during the third quarter. Lake Street Advisors Group LLC now owns 28,179 shares of the financial services provider’s stock worth $1,112,000 after buying an additional 393 shares during the last quarter. Finally, Greenleaf Trust boosted its stake in HSBC by 4.5% during the fourth quarter. Greenleaf Trust now owns 10,665 shares of the financial services provider’s stock worth $432,000 after buying an additional 459 shares during the last quarter. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

HSBC Trading Up 0.8 %

Shares of HSBC stock traded up $0.33 on Monday, hitting $43.55. The stock had a trading volume of 389,483 shares, compared to its average volume of 2,012,419. The company’s 50 day moving average price is $43.24 and its 200-day moving average price is $40.63. 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 1 year low of $35.30 and a 1 year high of $45.46. The firm has a market capitalization of $163.35 billion, a P/E ratio of 7.51, a P/E/G ratio of 1.03 and a beta of 0.58.

HSBC (NYSE:HSBC) last issued its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.70 earnings per share 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. Analysts anticipate that HSBC Holdings plc will post 6.35 earnings per share for the current year.

HSBC Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.59%. HSBC’s payout ratio is currently 34.14%.

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.