BSW Wealth Partners Purchases 545 Shares of HSBC Holdings plc (NYSE:HSBC)

BSW Wealth Partners boosted its position in HSBC Holdings plc (NYSE:HSBC) by 4.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 12,928 shares of the financial services provider’s stock after purchasing an additional 545 shares during the period. BSW Wealth Partners’ holdings in HSBC were worth $584,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of HSBC. Ignite Planners LLC boosted its stake in shares of 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 acquiring an additional 225 shares during the period. Drive Wealth Management LLC grew its position in HSBC by 4.5% during the second quarter. Drive Wealth Management LLC now owns 6,364 shares of the financial services provider’s stock worth $277,000 after buying an additional 273 shares in the last quarter. Dynamic Advisor Solutions LLC increased its position in shares of HSBC by 2.3% in the third quarter. Dynamic Advisor Solutions LLC now owns 11,990 shares of the financial services provider’s stock worth $542,000 after purchasing an additional 273 shares during the period. Crumly & Associates Inc. raised its stake in HSBC by 1.8% in the second quarter. Crumly & Associates Inc. now owns 15,970 shares of the financial services provider’s stock valued at $695,000 after purchasing an additional 287 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in HSBC by 1.2% during the third quarter. Private Advisor Group LLC now owns 26,715 shares of the financial services provider’s stock worth $1,207,000 after purchasing an additional 318 shares during the period. Institutional investors own 1.48% of the company’s stock.

Analyst Ratings Changes

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

HSBC Price Performance

Shares of HSBC stock traded up $0.05 during trading hours on Friday, reaching $46.18. The company’s stock had a trading volume of 997,788 shares, compared to its average volume of 1,135,875. HSBC Holdings plc has a fifty-two week low of $36.63 and a fifty-two week high of $47.26. The firm’s 50 day simple moving average is $44.48 and its 200-day simple moving average is $43.73. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $101.25 billion, a price-to-earnings ratio of 7.63 and a beta of 0.56.

HSBC (NYSE:HSBC) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.65 earnings per share for the quarter. The business had revenue of $16.54 billion for the quarter. HSBC had a return on equity of 10.71% and a net margin of 15.70%. Sell-side analysts forecast that HSBC Holdings plc will post 6.22 earnings per share for the current year.

HSBC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.33%. HSBC’s payout ratio is presently 32.73%.

HSBC Company 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.