Founders Financial Securities LLC Makes New Investment in HSBC Holdings plc (NYSE:HSBC)

Founders Financial Securities LLC purchased a new stake in HSBC Holdings plc (NYSE:HSBC) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 17,367 shares of the financial services provider’s stock, valued at approximately $684,000.

A number of other institutional investors and hedge funds have also modified their holdings of HSBC. Benjamin F. Edwards & Company Inc. lifted its position in HSBC by 38.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 940 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 263 shares during the last quarter. Savant Capital LLC increased its stake 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 buying an additional 279 shares in the last quarter. Addison Advisors LLC lifted its position in HSBC by 74.8% during the 4th quarter. Addison Advisors LLC now owns 895 shares of the financial services provider’s stock worth $36,000 after buying an additional 383 shares in the last quarter. Lake Street Advisors Group LLC lifted its stake in 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 buying an additional 393 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of HSBC by 15.0% during the 1st quarter. GAMMA Investing LLC now owns 3,468 shares of the financial services provider’s stock worth $136,000 after buying an additional 452 shares during the period. 1.48% of the stock is currently owned by institutional investors and hedge funds.

HSBC Stock Down 0.5 %

NYSE HSBC traded down $0.23 during trading hours on Friday, reaching $43.50. 1,151,921 shares of the company’s stock were exchanged, compared to its average volume of 1,177,702. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.96 and a current ratio of 0.96. HSBC Holdings plc has a one year low of $35.30 and a one year high of $45.46. The company’s 50-day moving average is $43.86 and its two-hundred day moving average is $40.97. The company has a market capitalization of $163.16 billion, a price-to-earnings ratio of 7.50, a price-to-earnings-growth ratio of 1.04 and a beta of 0.58.

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

HSBC Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, May 10th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, May 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.60%. HSBC’s payout ratio is presently 34.14%.

Analyst Ratings Changes

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

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.