Sequoia Financial Advisors LLC Has $2.41 Million Stock Holdings in HSBC Holdings plc (NYSE:HSBC)

Sequoia Financial Advisors LLC grew its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 102.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 53,240 shares of the financial services provider’s stock after buying an additional 27,002 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in HSBC were worth $2,406,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ignite Planners LLC boosted its position in HSBC by 1.3% during the 3rd quarter. Ignite Planners LLC now owns 17,427 shares of the financial services provider’s stock worth $788,000 after buying an additional 225 shares during the period. Drive Wealth Management LLC grew its stake in shares of HSBC by 4.5% in the second quarter. Drive Wealth Management LLC now owns 6,364 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 273 shares during the last quarter. Dynamic Advisor Solutions LLC increased its holdings in HSBC by 2.3% in the third quarter. Dynamic Advisor Solutions LLC now owns 11,990 shares of the financial services provider’s stock valued at $542,000 after purchasing an additional 273 shares during the period. Crumly & Associates Inc. raised its position in HSBC by 1.8% during the 2nd quarter. Crumly & Associates Inc. now owns 15,970 shares of the financial services provider’s stock worth $695,000 after purchasing an additional 287 shares during the last quarter. Finally, PDS Planning Inc lifted its holdings in HSBC by 2.4% during the 1st quarter. PDS Planning Inc now owns 13,335 shares of the financial services provider’s stock worth $525,000 after buying an additional 312 shares during the period. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Dbs Bank upgraded HSBC to a “strong-buy” rating in a research report on Wednesday, July 31st.

HSBC Trading Down 1.0 %

HSBC opened at $44.18 on Thursday. HSBC Holdings plc has a twelve month low of $35.30 and a twelve month high of $46.07. The company has a fifty day moving average of $44.13 and a 200-day moving average of $43.49. The stock has a market cap of $165.71 billion, a PE ratio of 7.62, a price-to-earnings-growth ratio of 0.89 and a beta of 0.56. 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 (NYSE:HSBC) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.65 earnings per share for the quarter. HSBC had a return on equity of 10.60% and a net margin of 15.61%. The firm had revenue of $16.54 billion during the quarter. On average, sell-side analysts predict that HSBC Holdings plc will post 6.22 EPS for the current year.

HSBC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders 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 annualized dividend and a dividend yield of 4.53%. HSBC’s dividend payout ratio is currently 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.