Sunpointe LLC Invests $211,000 in HSBC Holdings plc (NYSE:HSBC)

Sunpointe LLC bought a new position in shares of HSBC Holdings plc (NYSE:HSBC) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,261 shares of the financial services provider’s stock, valued at approximately $211,000.

Several other hedge funds have also modified their holdings of the company. Berbice Capital Management LLC purchased a new position in HSBC in the 4th quarter valued at about $25,000. Venturi Wealth Management LLC lifted its stake in HSBC by 58.2% in the 4th quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock valued at $28,000 after buying an additional 210 shares in the last quarter. Larson Financial Group LLC lifted its stake in HSBC by 138.5% in the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock valued at $35,000 after buying an additional 450 shares in the last quarter. Brooklyn Investment Group purchased a new position in HSBC in the 4th quarter valued at about $49,000. Finally, Allworth Financial LP lifted its stake in HSBC by 40.9% in the 3rd quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider’s stock valued at $62,000 after buying an additional 397 shares in the last quarter. 1.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft lowered shares of HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd.

HSBC Stock Down 1.7 %

HSBC stock opened at $55.97 on Friday. The company has a market cap of $200.45 billion, a price-to-earnings ratio of 9.25, a PEG ratio of 1.51 and a beta of 0.54. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. HSBC Holdings plc has a 12 month low of $36.93 and a 12 month high of $57.08. The firm has a 50-day moving average of $51.11 and a two-hundred day moving average of $46.98.

HSBC (NYSE:HSBC) last released its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.04. The company had revenue of $11.56 billion during the quarter, compared to the consensus estimate of $13.79 billion. HSBC had a net margin of 15.70% and a return on equity of 10.71%. As a group, analysts forecast that HSBC Holdings plc will post 6.67 earnings per share for the current fiscal year.

HSBC Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 7th will be issued a $1.80 dividend. The ex-dividend date is Friday, March 7th. HSBC’s payout ratio is 31.94%.

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.