Global Retirement Partners LLC Acquires 14,161 Shares of HSBC Holdings plc $HSBC

Global Retirement Partners LLC raised its holdings in HSBC Holdings plc (NYSE:HSBC) by 146.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,814 shares of the financial services provider’s stock after buying an additional 14,161 shares during the period. Global Retirement Partners LLC’s holdings in HSBC were worth $1,873,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in HSBC. Measured Wealth Private Client Group LLC bought a new position in shares of HSBC during the third quarter valued at about $26,000. Binnacle Investments Inc lifted its position in shares of HSBC by 80.5% during the third quarter. Binnacle Investments Inc now owns 444 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 198 shares in the last quarter. JPL Wealth Management LLC bought a new position in shares of HSBC during the third quarter valued at about $41,000. Root Financial Partners LLC bought a new position in shares of HSBC during the third quarter valued at about $43,000. Finally, Cornerstone Planning Group LLC lifted its position in shares of HSBC by 30.7% during the fourth quarter. Cornerstone Planning Group LLC now owns 498 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 117 shares in the last quarter. 1.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on HSBC shares. The Goldman Sachs Group started coverage on shares of HSBC in a research report on Thursday, March 26th. They set a “buy” rating on the stock. Zacks Research lowered shares of HSBC from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Weiss Ratings lowered shares of HSBC from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada reissued a “sector perform” rating on shares of HSBC in a research report on Thursday, May 14th. Finally, BNP Paribas Exane lowered shares of HSBC from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 14th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, HSBC presently has an average rating of “Hold” and a consensus target price of $63.00.

HSBC Stock Performance

NYSE HSBC opened at $91.94 on Friday. HSBC Holdings plc has a 52-week low of $58.14 and a 52-week high of $94.79. The company has a 50-day simple moving average of $86.92 and a 200 day simple moving average of $82.47. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $315.96 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 0.92 and a beta of 0.56.

HSBC (NYSE:HSBC) last posted its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $0.44 earnings per share (EPS) for the quarter. HSBC had a net margin of 16.06% and a return on equity of 13.35%. The business had revenue of $19.13 billion during the quarter. On average, research analysts predict that HSBC Holdings plc will post 8.54 EPS for the current year.

HSBC Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, May 15th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, May 15th. HSBC’s dividend payout ratio (DPR) is 32.46%.

Insider Transactions at HSBC

In related news, insider Daniel Scott Palomaki sold 23,123 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $18.11, for a total transaction of $418,757.53. Following the completion of the sale, the insider owned 4,973 shares in the company, valued at approximately $90,061.03. This trade represents a 82.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.01% of the company’s stock.

HSBC Profile

HSBC Holdings plc (NYSE: HSBC) is a multinational banking and financial services organization headquartered in London. It traces its origins to the Hongkong and Shanghai Banking Corporation, founded in 1865 to facilitate trade between Europe and Asia, and has since grown into one of the world’s largest banking groups. The company is publicly listed in multiple markets, including the London Stock Exchange, the Hong Kong Stock Exchange and as an American depositary receipt on the New York Stock Exchange.

HSBC operates a universal banking model, serving retail, commercial, corporate and institutional clients.