Cetera Investment Advisers Purchases 523 Shares of HSBC Holdings plc (NYSE:HSBC)

Cetera Investment Advisers increased its position in shares of HSBC Holdings plc (NYSE:HSBC) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,222 shares of the financial services provider’s stock after acquiring an additional 523 shares during the period. Cetera Investment Advisers’ holdings in HSBC were worth $1,532,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Richardson Financial Services Inc. purchased a new stake in HSBC during the 4th quarter valued at $27,000. Family Firm Inc. purchased a new stake in HSBC during the 2nd quarter valued at $36,000. Rise Advisors LLC bought a new position in HSBC in the 1st quarter worth $34,000. RFP Financial Group LLC raised its holdings in HSBC by 126.1% in the 1st quarter. RFP Financial Group LLC now owns 1,031 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 575 shares in the last quarter. Finally, Ridgewood Investments LLC bought a new position in shares of HSBC in the 2nd quarter worth about $47,000. Institutional investors own 1.48% of the company’s stock.

Wall Street Analysts Forecast Growth

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

HSBC Price Performance

HSBC stock opened at $43.85 on Wednesday. The company has a market cap of $164.48 billion, a price-to-earnings ratio of 7.56, a PEG ratio of 0.89 and a beta of 0.56. The firm’s fifty day moving average is $43.79 and its 200 day moving average is $43.33. The company has a quick ratio of 0.96, a current ratio of 0.89 and a debt-to-equity ratio of 0.65. HSBC Holdings plc has a 52-week low of $35.30 and a 52-week high of $46.07.

HSBC (NYSE:HSBC) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $1.65 earnings per share for the quarter. HSBC had a net margin of 15.61% and a return on equity of 10.60%. The business had revenue of $16.54 billion for the quarter. Sell-side analysts forecast that HSBC Holdings plc will post 6.22 EPS for the current fiscal year.

HSBC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 16th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date was Friday, August 16th. HSBC’s payout ratio is presently 34.14%.

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.