Commonwealth Equity Services LLC Purchases 4,021 Shares of HSBC Holdings plc (NYSE:HSBC)

Commonwealth Equity Services LLC lifted its position in shares of HSBC Holdings plc (NYSE:HSBC) by 8.8% during the 1st quarter, Holdings Channel reports. The firm owned 49,736 shares of the financial services provider’s stock after purchasing an additional 4,021 shares during the quarter. Commonwealth Equity Services LLC’s holdings in HSBC were worth $1,958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of HSBC. Dimensional Fund Advisors LP increased its holdings in shares of HSBC by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,621,349 shares of the financial services provider’s stock valued at $471,129,000 after purchasing an additional 376,641 shares during the last quarter. American Century Companies Inc. grew its stake in HSBC by 39.4% in the 3rd quarter. American Century Companies Inc. now owns 698,250 shares of the financial services provider’s stock valued at $27,553,000 after buying an additional 197,283 shares during the last quarter. CWM LLC grew its stake in HSBC by 3,518.2% in the 4th quarter. CWM LLC now owns 177,835 shares of the financial services provider’s stock valued at $7,209,000 after buying an additional 172,920 shares during the last quarter. Insight Folios Inc acquired a new position in HSBC in the 1st quarter valued at about $4,589,000. Finally, Qube Research & Technologies Ltd acquired a new position in HSBC in the 3rd quarter valued at about $3,239,000. 1.48% of the stock is owned by institutional investors.

HSBC Stock Performance

NYSE HSBC traded down $0.59 during trading on Friday, reaching $43.31. The company’s stock had a trading volume of 472,645 shares, compared to its average volume of 1,935,061. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $162.45 billion, a price-to-earnings ratio of 7.46, a price-to-earnings-growth ratio of 1.05 and a beta of 0.58. HSBC Holdings plc has a 12 month low of $35.30 and a 12 month high of $45.46. The firm has a 50 day moving average price of $44.03 and a 200 day moving average price of $41.08.

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

HSBC Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, May 10th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date was Thursday, May 9th. HSBC’s dividend payout ratio is currently 34.14%.

Wall Street Analyst Weigh In

Separately, Barclays reiterated 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 issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, HSBC currently has a consensus rating of “Hold” and a consensus price target 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.