J.W. Cole Advisors Inc. Has $677,000 Stock Position in HSBC Holdings plc (NYSE:HSBC)

J.W. Cole Advisors Inc. lowered its stake in shares of HSBC Holdings plc (NYSE:HSBCGet Rating) by 1.7% during the first quarter, Holdings Channel reports. The fund owned 19,789 shares of the financial services provider’s stock after selling 350 shares during the period. J.W. Cole Advisors Inc.’s holdings in HSBC were worth $677,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. CIBC World Markets Inc. grew its holdings in HSBC by 1.5% during the 4th quarter. CIBC World Markets Inc. now owns 24,170 shares of the financial services provider’s stock worth $729,000 after acquiring an additional 358 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in HSBC by 4.1% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 9,345 shares of the financial services provider’s stock worth $320,000 after acquiring an additional 370 shares during the last quarter. Brinker Capital Investments LLC grew its holdings in HSBC by 3.9% during the 1st quarter. Brinker Capital Investments LLC now owns 10,424 shares of the financial services provider’s stock worth $357,000 after acquiring an additional 388 shares during the last quarter. Old Port Advisors grew its holdings in HSBC by 0.6% during the 1st quarter. Old Port Advisors now owns 68,611 shares of the financial services provider’s stock worth $2,377,000 after acquiring an additional 410 shares during the last quarter. Finally, West Family Investments Inc. boosted its stake in shares of HSBC by 0.7% in the 1st quarter. West Family Investments Inc. now owns 63,879 shares of the financial services provider’s stock valued at $2,186,000 after purchasing an additional 419 shares during the last quarter. Institutional investors own 1.34% of the company’s stock.

HSBC Price Performance

NYSE HSBC opened at $30.46 on Monday. The company has a quick ratio of 0.95, a current ratio of 0.89 and a debt-to-equity ratio of 0.55. HSBC Holdings plc has a 12-month low of $24.31 and a 12-month high of $38.61. The company has a market capitalization of $123.74 billion, a PE ratio of 9.09, a price-to-earnings-growth ratio of 0.44 and a beta of 0.50. The firm’s 50 day moving average is $31.60 and its 200-day moving average is $32.20.

HSBC (NYSE:HSBCGet Rating) last posted its quarterly earnings data on Monday, August 1st. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.38. HSBC had a net margin of 27.66% and a return on equity of 6.69%. The company had revenue of $13.14 billion for the quarter, compared to the consensus estimate of $13.28 billion. Equities research analysts anticipate that HSBC Holdings plc will post 3.51 earnings per share for the current fiscal year.

HSBC Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Friday, August 19th will be issued a $0.45 dividend. The ex-dividend date is Thursday, August 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.91%. HSBC’s dividend payout ratio (DPR) is presently 40.00%.

Analyst Ratings Changes

HSBC has been the topic of several recent research reports. Morgan Stanley raised their target price on shares of HSBC from GBX 590 ($7.13) to GBX 624 ($7.54) in a research note on Wednesday, July 6th. StockNews.com lowered shares of HSBC from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. Credit Suisse Group raised their target price on shares of HSBC from GBX 525 ($6.34) to GBX 575 ($6.95) in a research note on Tuesday, August 2nd. BNP Paribas lowered shares of HSBC from a “neutral” rating to an “underperform” rating in a research note on Friday, September 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of HSBC from GBX 570 ($6.89) to GBX 590 ($7.13) in a research note on Tuesday, September 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, HSBC currently has an average rating of “Hold” and an average target price of $615.57.

About HSBC

(Get Rating)

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.

See Also

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Institutional Ownership by Quarter for HSBC (NYSE:HSBC)

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