7,918 Shares in HSBC Holdings plc (NYSE:HSBC) Acquired by Tepp RIA LLC

Tepp RIA LLC bought a new stake in shares of HSBC Holdings plc (NYSE:HSBC) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 7,918 shares of the financial services provider’s stock, valued at approximately $392,000. HSBC makes up 0.6% of Tepp RIA LLC’s portfolio, making the stock its 19th largest position.

A number of other institutional investors also recently added to or reduced their stakes in the business. Bank of Montreal Can boosted its position in shares of HSBC by 124.3% during the 3rd quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider’s stock valued at $7,820,000 after purchasing an additional 94,991 shares in the last quarter. Wealthstar Advisors LLC bought a new position in shares of HSBC in the fourth quarter valued at $664,000. Entropy Technologies LP bought a new stake in shares of HSBC during the 4th quarter worth $701,000. Ritholtz Wealth Management grew its holdings in shares of HSBC by 12.3% in the 4th quarter. Ritholtz Wealth Management now owns 141,108 shares of the financial services provider’s stock worth $6,979,000 after acquiring an additional 15,510 shares during the last quarter. Finally, Perigon Wealth Management LLC acquired a new stake in shares of HSBC during the fourth quarter worth $244,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Stock Up 0.1 %

Shares of HSBC stock opened at $58.39 on Friday. The stock has a 50-day simple moving average of $55.54 and a 200-day simple moving average of $49.61. HSBC Holdings plc has a 52-week low of $39.04 and a 52-week high of $61.88. The firm has a market cap of $207.92 billion, a price-to-earnings ratio of 9.42, a P/E/G ratio of 1.05 and a beta of 0.51. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.96.

HSBC (NYSE:HSBC) last posted its 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. The company had revenue of $11.56 billion during the quarter, compared to the consensus estimate of $13.79 billion. HSBC had a net margin of 16.17% and a return on equity of 12.20%. On average, equities research analysts expect that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 7th will be given a $1.80 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 12.33%. HSBC’s dividend payout ratio is currently 115.81%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on HSBC shares. UBS Group restated a “neutral” rating on shares of HSBC in a report on Thursday, March 6th. Royal Bank of Canada reissued a “sector perform” rating on shares of HSBC in a research report on Monday, February 3rd. Barclays upgraded HSBC from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft downgraded HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Finally, StockNews.com upgraded shares of HSBC from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, HSBC currently has a consensus rating of “Moderate Buy”.

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.