Lindbrook Capital LLC Buys 485 Shares of HSBC Holdings plc (NYSE:HSBC)

Lindbrook Capital LLC raised its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,156 shares of the financial services provider’s stock after purchasing an additional 485 shares during the quarter. Lindbrook Capital LLC’s holdings in HSBC were worth $403,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

Several analysts have weighed in on HSBC shares. StockNews.com downgraded HSBC from a “hold” rating to a “sell” rating in a research note on Monday. Royal Bank of Canada restated a “sector perform” rating on shares of HSBC in a research report on Monday, February 3rd. Barclays raised shares of HSBC from an “equal weight” rating to an “overweight” rating in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft cut HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

HSBC Stock Down 3.4 %

HSBC opened at $59.51 on Friday. The company has a 50-day moving average price of $53.13 and a 200 day moving average price of $48.17. HSBC Holdings plc has a twelve month low of $36.93 and a twelve month high of $61.88. The company has a market cap of $212.26 billion, a PE ratio of 9.60, a price-to-earnings-growth ratio of 1.05 and a beta of 0.51. The company has a quick ratio of 0.96, a current ratio of 0.88 and a debt-to-equity ratio of 0.69.

HSBC (NYSE:HSBC) last issued its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, topping 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 firm had revenue of $11.56 billion during the quarter, compared to analysts’ expectations of $13.79 billion. Sell-side analysts expect that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be given a dividend of $1.80 per share. The ex-dividend date is Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a yield of 12.10%. HSBC’s payout ratio is presently 115.81%.

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.