Osaic Holdings Inc. Grows Holdings in HSBC Holdings plc $HSBC

Osaic Holdings Inc. boosted its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 34.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 32,167 shares of the financial services provider’s stock after purchasing an additional 8,210 shares during the period. Osaic Holdings Inc.’s holdings in HSBC were worth $1,952,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. NewSquare Capital LLC grew its holdings in shares of HSBC by 152.6% during the second quarter. NewSquare Capital LLC now owns 432 shares of the financial services provider’s stock worth $26,000 after buying an additional 261 shares during the last quarter. TD Private Client Wealth LLC lifted its position in HSBC by 101.7% during the 2nd quarter. TD Private Client Wealth LLC now owns 464 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 234 shares during the period. Opal Wealth Advisors LLC purchased a new position in shares of HSBC in the 2nd quarter valued at approximately $31,000. Raleigh Capital Management Inc. acquired a new position in shares of HSBC in the second quarter valued at approximately $33,000. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of HSBC during the second quarter worth approximately $39,000. 1.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. BNP Paribas Exane raised shares of HSBC from an “underperform” rating to an “outperform” rating in a research note on Friday, September 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of HSBC in a research note on Monday, December 22nd. Jefferies Financial Group restated a “hold” rating on shares of HSBC in a research report on Friday, October 10th. Zacks Research raised HSBC from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Finally, Bank of America raised HSBC from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 10th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, HSBC has a consensus rating of “Moderate Buy” and a consensus price target of $63.00.

HSBC Stock Up 0.4%

HSBC stock opened at $79.92 on Monday. HSBC Holdings plc has a 52 week low of $45.66 and a 52 week high of $79.97. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49. The company has a market cap of $274.51 billion, a P/E ratio of 16.82, a P/E/G ratio of 1.01 and a beta of 0.52. The company’s 50-day moving average price is $71.94 and its 200 day moving average price is $67.28.

HSBC (NYSE:HSBC) last posted its quarterly earnings results on Tuesday, October 28th. The financial services provider reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.15. The company had revenue of $17.79 billion during the quarter, compared to the consensus estimate of $16.78 billion. HSBC had a net margin of 12.85% and a return on equity of 12.78%. On average, research analysts expect that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Friday, November 7th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.5%. This is a positive change from HSBC’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, November 7th. HSBC’s dividend payout ratio is currently 41.68%.

HSBC Company 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.