Focus Partners Advisor Solutions LLC Raises Holdings in HSBC Holdings plc $HSBC

Focus Partners Advisor Solutions LLC boosted its holdings in HSBC Holdings plc (NYSE:HSBC) by 4.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,022 shares of the financial services provider’s stock after acquiring an additional 168 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in HSBC were worth $244,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its position in HSBC by 1.1% in the first quarter. Goldman Sachs Group Inc. now owns 4,726,420 shares of the financial services provider’s stock worth $271,438,000 after acquiring an additional 53,072 shares in the last quarter. Northern Trust Corp increased its position in shares of HSBC by 3.3% in the first quarter. Northern Trust Corp now owns 2,873,096 shares of the financial services provider’s stock valued at $165,002,000 after buying an additional 91,789 shares in the last quarter. Contrarian Capital Management L.L.C. increased its position in shares of HSBC by 425.4% in the first quarter. Contrarian Capital Management L.L.C. now owns 1,265,656 shares of the financial services provider’s stock valued at $72,687,000 after buying an additional 1,024,780 shares in the last quarter. Royal Bank of Canada increased its position in shares of HSBC by 18.7% in the first quarter. Royal Bank of Canada now owns 1,047,447 shares of the financial services provider’s stock valued at $60,155,000 after buying an additional 164,915 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of HSBC by 9.1% in the first quarter. American Century Companies Inc. now owns 1,022,231 shares of the financial services provider’s stock valued at $58,707,000 after buying an additional 85,166 shares in the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

HSBC Stock Performance

Shares of HSBC stock opened at $70.06 on Friday. The company’s fifty day simple moving average is $67.95 and its 200-day simple moving average is $62.82. The company has a market cap of $241.74 billion, a PE ratio of 14.75, a P/E/G ratio of 1.30 and a beta of 0.62. The company has a current ratio of 0.92, a quick ratio of 0.93 and a debt-to-equity ratio of 0.49. HSBC Holdings plc has a 52 week low of $44.40 and a 52 week high of $72.21.

HSBC (NYSE:HSBC) last released its quarterly earnings results on Tuesday, October 28th. The financial services provider reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.15. The firm had revenue of $17.90 billion during the quarter, compared to analysts’ expectations of $16.78 billion. HSBC had a return on equity of 12.78% and a net margin of 12.85%. As a group, equities research analysts anticipate that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, November 7th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, November 7th. This represents a $2.00 annualized dividend and a yield of 2.9%. This is a boost from HSBC’s previous quarterly dividend of $0.50. HSBC’s dividend payout ratio (DPR) is presently 41.68%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on HSBC shares. Citigroup reaffirmed a “buy” rating on shares of HSBC in a research note on Tuesday, October 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HSBC in a research note on Wednesday, October 8th. BNP Paribas Exane raised HSBC from an “underperform” rating to an “outperform” rating in a research note on Friday, September 5th. BNP Paribas raised HSBC from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, September 5th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of HSBC in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $63.00.

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.