Sequoia Financial Advisors LLC Has $2.71 Million Stake in HSBC Holdings plc (NYSE:HSBC)

Sequoia Financial Advisors LLC raised its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 3.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 54,815 shares of the financial services provider’s stock after purchasing an additional 1,575 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in HSBC were worth $2,711,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

A number of research analysts have commented on the stock. Barclays upgraded shares of HSBC from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 4th. UBS Group restated a “neutral” rating on shares of HSBC in a research note on Thursday, March 6th. Deutsche Bank Aktiengesellschaft cut shares of HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. StockNews.com upgraded shares of HSBC from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Royal Bank of Canada restated a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, HSBC has an average rating of “Moderate Buy”.

HSBC Stock Performance

NYSE:HSBC opened at $57.08 on Friday. HSBC Holdings plc has a 1 year low of $38.04 and a 1 year high of $61.88. The firm has a 50 day moving average of $53.97 and a 200-day moving average of $48.71. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $203.60 billion, a P/E ratio of 9.21, a price-to-earnings-growth ratio of 1.05 and a beta of 0.51.

HSBC (NYSE:HSBC) last posted its earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.04. HSBC had a net margin of 16.17% and a return on equity of 12.20%. The company had revenue of $11.56 billion during the quarter, compared to analysts’ expectations of $13.79 billion. As a group, sell-side analysts anticipate that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 7th will be paid a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 12.61%. The ex-dividend date is Friday, March 7th. HSBC’s dividend payout ratio is presently 115.81%.

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.