Seven Mile Advisory Buys 190 Shares of HSBC Holdings plc (NYSE:HSBC)

Seven Mile Advisory lifted its stake in HSBC Holdings plc (NYSE:HSBC) by 3.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,405 shares of the financial services provider’s stock after acquiring an additional 190 shares during the period. Seven Mile Advisory’s holdings in HSBC were worth $267,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HSBC. Berbice Capital Management LLC acquired a new position in shares of HSBC during the 4th quarter worth about $25,000. Venturi Wealth Management LLC lifted its holdings in shares of HSBC by 58.2% during the fourth quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock worth $28,000 after buying an additional 210 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in shares of HSBC in the fourth quarter valued at approximately $30,000. Larson Financial Group LLC grew its stake in shares of HSBC by 138.5% in the third quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 450 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in HSBC during the 4th quarter valued at $49,000. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on HSBC. Royal Bank of Canada restated a “sector perform” rating on shares of HSBC in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft lowered HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. StockNews.com raised HSBC from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. Barclays upgraded HSBC from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 4th. Finally, UBS Group reiterated a “neutral” rating on shares of HSBC in a research note on Thursday, March 6th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

HSBC Trading Down 1.0 %

Shares of HSBC opened at $57.77 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69. The stock has a market cap of $205.71 billion, a PE ratio of 9.32, a PEG ratio of 1.05 and a beta of 0.51. HSBC Holdings plc has a 1 year low of $39.04 and a 1 year high of $61.88. The stock has a 50 day simple moving average of $55.68 and a 200-day simple moving average of $49.80.

HSBC (NYSE:HSBC) last announced its earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share (EPS) 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 analysts’ expectations 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 predict that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 7th will be given a $1.80 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $7.20 annualized dividend and a yield of 12.46%. HSBC’s payout ratio is 115.81%.

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.