Measured Wealth Private Client Group LLC Increases Stock Position in HSBC Holdings plc (NYSE:HSBC)

Measured Wealth Private Client Group LLC increased its holdings in HSBC Holdings plc (NYSE:HSBC) by 6.8% in the 1st quarter, Holdings Channel reports. The fund owned 6,724 shares of the financial services provider’s stock after buying an additional 429 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in HSBC were worth $265,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of HSBC. Dimensional Fund Advisors LP boosted its position in shares of HSBC by 3.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,621,349 shares of the financial services provider’s stock valued at $471,129,000 after buying an additional 376,641 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of HSBC by 39.4% during the third quarter. American Century Companies Inc. now owns 698,250 shares of the financial services provider’s stock valued at $27,553,000 after purchasing an additional 197,283 shares during the last quarter. CWM LLC lifted its position in HSBC by 3,518.2% during the fourth quarter. CWM LLC now owns 177,835 shares of the financial services provider’s stock valued at $7,209,000 after purchasing an additional 172,920 shares during the period. Ramirez Asset Management Inc. purchased a new stake in HSBC in the third quarter worth approximately $4,384,000. Finally, Qube Research & Technologies Ltd bought a new stake in HSBC in the 3rd quarter worth approximately $3,239,000. Institutional investors own 1.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barclays restated an “equal weight” rating on shares of HSBC in a research note on Wednesday, March 27th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $761.75.

HSBC Trading Up 0.6 %

Shares of HSBC stock opened at $44.09 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market capitalization of $165.38 billion, a PE ratio of 7.60, a P/E/G ratio of 1.04 and a beta of 0.58. HSBC Holdings plc has a 1-year low of $35.30 and a 1-year high of $45.46. The company’s fifty day simple moving average is $43.90 and its 200-day simple moving average is $41.01.

HSBC (NYSE:HSBC) last posted its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.70 earnings per share for the quarter. HSBC had a return on equity of 10.80% and a net margin of 16.13%. The firm had revenue of $20.75 billion for the quarter. As a group, equities analysts anticipate that HSBC Holdings plc will post 6.35 earnings per share for the current year.

HSBC Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, May 10th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.54%. The ex-dividend date was Thursday, May 9th. HSBC’s dividend payout ratio is currently 34.14%.

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.