Mission Wealth Management LP Acquires 1,067 Shares of HSBC Holdings plc (NYSE:HSBC)

Mission Wealth Management LP increased its position in shares of HSBC Holdings plc (NYSE:HSBC) by 13.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,162 shares of the financial services provider’s stock after purchasing an additional 1,067 shares during the quarter. Mission Wealth Management LP’s holdings in HSBC were worth $453,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of Montreal Can lifted its position in HSBC by 124.3% during the third quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider’s stock worth $7,820,000 after purchasing an additional 94,991 shares during the period. Wealthstar Advisors LLC bought a new stake in HSBC during the fourth quarter worth about $664,000. Entropy Technologies LP bought a new stake in HSBC during the fourth quarter worth about $701,000. Ritholtz Wealth Management lifted its position in HSBC by 12.3% during the fourth quarter. Ritholtz Wealth Management now owns 141,108 shares of the financial services provider’s stock worth $6,979,000 after purchasing an additional 15,510 shares during the period. Finally, Perigon Wealth Management LLC bought a new stake in HSBC during the fourth quarter worth about $244,000. Institutional investors own 1.48% of the company’s stock.

HSBC Stock Performance

HSBC stock opened at $61.56 on Thursday. The business has a 50 day moving average of $52.92 and a 200-day moving average of $48.09. HSBC Holdings plc has a 1 year low of $36.93 and a 1 year high of $61.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.96. The company has a market capitalization of $219.61 billion, a P/E ratio of 9.93, a P/E/G ratio of 1.05 and a beta of 0.51.

HSBC (NYSE:HSBC) last released its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.04. HSBC had a return on equity of 12.20% and a net margin of 16.17%. The company had revenue of $11.56 billion during the quarter, compared to the consensus estimate of $13.79 billion. On average, equities research analysts predict that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 7th will be paid a $1.80 dividend. This represents a $7.20 annualized dividend and a dividend yield of 11.70%. The ex-dividend date is Friday, March 7th. HSBC’s dividend payout ratio is currently 115.81%.

Analysts Set New Price Targets

HSBC has been the subject of a number of research reports. StockNews.com cut shares of HSBC from a “hold” rating to a “sell” rating in a report on Monday. Barclays raised shares of HSBC from an “equal weight” rating to an “overweight” rating in a report on Tuesday. Royal Bank of Canada reissued a “sector perform” rating on shares of HSBC in a report on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft cut shares of HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold”.

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.