Family Firm Inc. Acquires New Stake in HSBC Holdings plc (NYSE:HSBC)

Family Firm Inc. acquired a new stake in HSBC Holdings plc (NYSE:HSBC) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 833 shares of the financial services provider’s stock, valued at approximately $36,000.

Several other hedge funds have also recently added to or reduced their stakes in HSBC. International Assets Investment Management LLC acquired a new position in HSBC in the 4th quarter valued at $1,962,000. Allspring Global Investments Holdings LLC increased its stake in shares of HSBC by 49.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,477 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 824 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of HSBC in the 4th quarter worth $119,000. Yousif Capital Management LLC increased its stake in shares of HSBC by 4.9% in the 4th quarter. Yousif Capital Management LLC now owns 68,308 shares of the financial services provider’s stock worth $2,769,000 after acquiring an additional 3,200 shares during the last quarter. Finally, Syon Capital LLC increased its stake in shares of HSBC by 36.8% in the 4th quarter. Syon Capital LLC now owns 14,644 shares of the financial services provider’s stock worth $594,000 after acquiring an additional 3,941 shares during the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Dbs Bank raised HSBC to a “strong-buy” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

HSBC Trading Up 1.4 %

Shares of NYSE HSBC traded up $0.62 during mid-day trading on Friday, reaching $43.65. 1,406,129 shares of the company’s stock were exchanged, compared to its average volume of 1,853,205. The firm has a market capitalization of $163.73 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 0.92 and a beta of 0.58. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.96 and a current ratio of 0.89. HSBC Holdings plc has a 52-week low of $35.30 and a 52-week high of $45.53. The company’s 50-day moving average is $43.06 and its 200-day moving average is $41.88.

HSBC (NYSE:HSBC) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.65 earnings per share for the quarter. HSBC had a return on equity of 10.60% and a net margin of 15.61%. The business had revenue of $16.54 billion during the quarter. Analysts expect that HSBC Holdings plc will post 5.74 EPS for the current fiscal year.

HSBC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 16th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.58%. The ex-dividend date of this dividend is Friday, August 16th. HSBC’s payout ratio is presently 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.