6,295 Shares in HSBC Holdings plc (NYSE:HSBC) Acquired by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC acquired a new stake in HSBC Holdings plc (NYSE:HSBC) during the fourth quarter, Holdings Channel reports. The fund acquired 6,295 shares of the financial services provider’s stock, valued at approximately $255,000.

Other large investors have also modified their holdings of the company. Grantham Mayo Van Otterloo & Co. LLC lifted its position in HSBC by 167.4% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 842,864 shares of the financial services provider’s stock worth $33,259,000 after buying an additional 527,677 shares in the last quarter. American Century Companies Inc. raised its stake in HSBC by 39.4% during the third quarter. American Century Companies Inc. now owns 698,250 shares of the financial services provider’s stock worth $27,553,000 after purchasing an additional 197,283 shares during the period. CWM LLC boosted its holdings in HSBC by 3,518.2% in the 4th 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 last quarter. QRG Capital Management Inc. acquired a new stake in shares of HSBC during the 3rd quarter worth approximately $6,706,000. Finally, Ramirez Asset Management Inc. purchased a new stake in shares of HSBC during the 3rd quarter valued at approximately $4,384,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

HSBC Trading Down 0.1 %

HSBC traded down $0.06 during mid-day trading on Friday, hitting $44.45. 1,466,120 shares of the stock were exchanged, compared to its average volume of 2,086,224. The company has a market cap of $168.10 billion, a PE ratio of 7.66, a PEG ratio of 1.00 and a beta of 0.58. The company has a current ratio of 0.96, a quick ratio of 0.90 and a debt-to-equity ratio of 0.51. The firm’s fifty day moving average is $40.00 and its two-hundred day moving average is $39.25. HSBC Holdings plc has a 1-year low of $35.30 and a 1-year high of $44.81.

HSBC (NYSE:HSBC) last announced its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.33). HSBC had a net margin of 16.13% and a return on equity of 10.80%. The business had revenue of $13.02 billion during the quarter. Equities analysts forecast that HSBC Holdings plc will post 6.77 earnings per share for the current fiscal year.

HSBC Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $2.00 dividend on an annualized basis and a yield of 4.50%. HSBC’s dividend payout ratio (DPR) is presently 106.55%.

Wall Street Analyst Weigh In

HSBC has been the subject of several recent analyst reports. BNP Paribas cut HSBC from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 16th. Barclays restated an “equal weight” rating on shares of HSBC in a report on Wednesday, March 27th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $761.75.

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.