Werba Rubin Papier Wealth Management Acquires Shares of 5,680 HSBC Holdings plc (NYSE:HSBC)

Werba Rubin Papier Wealth Management bought a new position in HSBC Holdings plc (NYSE:HSBC) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 5,680 shares of the financial services provider’s stock, valued at approximately $247,000.

A number of other large investors have also recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. boosted its position in HSBC by 38.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 940 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 263 shares in the last quarter. Drive Wealth Management LLC boosted its position in shares of HSBC by 4.5% during the second quarter. Drive Wealth Management LLC now owns 6,364 shares of the financial services provider’s stock valued at $277,000 after purchasing an additional 273 shares in the last quarter. Crumly & Associates Inc. grew 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 worth $695,000 after purchasing an additional 287 shares during the period. PDS Planning Inc raised its holdings in HSBC by 2.4% in the first quarter. PDS Planning Inc now owns 13,335 shares of the financial services provider’s stock worth $525,000 after purchasing an additional 312 shares in the last quarter. Finally, 180 Wealth Advisors LLC lifted its position in HSBC by 5.9% during the second quarter. 180 Wealth Advisors LLC now owns 6,036 shares of the financial services provider’s stock valued at $262,000 after buying an additional 338 shares during the period. Institutional investors own 1.48% of the company’s stock.

Analyst Ratings Changes

Separately, Dbs Bank upgraded HSBC to a “strong-buy” rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

HSBC Stock Performance

HSBC stock traded down $1.07 during midday trading on Friday, reaching $42.87. 1,434,930 shares of the company traded hands, compared to its average volume of 1,830,539. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.89 and a quick ratio of 0.96. HSBC Holdings plc has a 12 month low of $35.30 and a 12 month high of $45.53. The firm has a market capitalization of $160.80 billion, a price-to-earnings ratio of 7.39, a price-to-earnings-growth ratio of 0.97 and a beta of 0.56. The business has a 50 day moving average of $43.08 and a two-hundred day moving average of $42.19.

HSBC (NYSE:HSBC) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.65 EPS for the quarter. HSBC had a return on equity of 10.60% and a net margin of 15.61%. The company had revenue of $16.54 billion during the quarter. As a group, research analysts predict that HSBC Holdings plc will post 5.74 earnings per share for the current year.

HSBC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 16th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.67%. The ex-dividend date of this dividend is Friday, August 16th. HSBC’s dividend payout ratio is 34.14%.

HSBC 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.