Sanctuary Advisors LLC Purchases New Position in HSBC Holdings plc (NYSE:HSBC)

Sanctuary Advisors LLC acquired a new position in shares of HSBC Holdings plc (NYSE:HSBC) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 15,597 shares of the financial services provider’s stock, valued at approximately $654,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Richardson Financial Services Inc. purchased a new stake in HSBC in the fourth quarter valued at approximately $27,000. Rise Advisors LLC acquired a new stake in HSBC during the 1st quarter worth $34,000. Family Firm Inc. purchased a new position in HSBC during the 2nd quarter worth $36,000. RFP Financial Group LLC raised its holdings in shares of HSBC by 126.1% in the first quarter. RFP Financial Group LLC now owns 1,031 shares of the financial services provider’s stock valued at $41,000 after buying an additional 575 shares during the last quarter. Finally, Ridgewood Investments LLC acquired a new stake in HSBC during the 2nd quarter worth approximately $47,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Dbs Bank upgraded shares of HSBC to a “strong-buy” rating in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, HSBC has a consensus rating of “Hold”.

HSBC Trading Up 0.1 %

Shares of HSBC opened at $44.38 on Tuesday. The firm’s 50-day moving average is $43.73 and its two-hundred day moving average is $43.30. HSBC Holdings plc has a twelve month low of $35.30 and a twelve month high of $46.07. The company has a current ratio of 0.89, a quick ratio of 0.96 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $166.46 billion, a P/E ratio of 7.65, a PEG ratio of 0.89 and a beta of 0.56.

HSBC (NYSE:HSBC) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.65 earnings per share (EPS) for the quarter. The firm had revenue of $16.54 billion during the quarter. HSBC had a return on equity of 10.60% and a net margin of 15.61%. On average, research analysts predict that HSBC Holdings plc will post 6.22 earnings per share for the current fiscal year.

HSBC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 16th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.00 dividend on an annualized basis and a yield of 4.51%. HSBC’s payout ratio is 34.14%.

About HSBC

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.