Sequoia Financial Advisors LLC increased its holdings in shares of HSBC Holdings plc (NYSE:HSBC – Get Rating) by 20.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,161 shares of the financial services provider's stock after purchasing an additional 2,411 shares during the quarter. Sequoia Financial Advisors LLC's holdings in HSBC were worth $463,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. CIBC World Markets Inc. increased its stake in HSBC by 1.5% during the 4th quarter. CIBC World Markets Inc. now owns 24,170 shares of the financial services provider's stock worth $729,000 after purchasing an additional 358 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its stake in HSBC by 4.1% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 9,345 shares of the financial services provider's stock worth $320,000 after purchasing an additional 370 shares in the last quarter. Brinker Capital Investments LLC increased its stake in HSBC by 3.9% during the 1st quarter. Brinker Capital Investments LLC now owns 10,424 shares of the financial services provider's stock worth $357,000 after purchasing an additional 388 shares in the last quarter. Old Port Advisors increased its stake in HSBC by 0.6% during the 1st quarter. Old Port Advisors now owns 68,611 shares of the financial services provider's stock worth $2,377,000 after purchasing an additional 410 shares in the last quarter. Finally, West Family Investments Inc. increased its stake in HSBC by 0.7% during the 1st quarter. West Family Investments Inc. now owns 63,879 shares of the financial services provider's stock worth $2,186,000 after purchasing an additional 419 shares in the last quarter. 1.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HSBC has been the subject of a number of recent research reports. Exane BNP Paribas downgraded HSBC from a "neutral" rating to an "underperform" rating in a research report on Friday, September 9th. Redburn Partners downgraded HSBC from a "buy" rating to a "neutral" rating in a research report on Wednesday, August 17th. Investec raised HSBC from a "hold" rating to a "buy" rating in a research report on Wednesday, June 15th. JPMorgan Chase & Co. upped their price target on HSBC from GBX 570 ($6.89) to GBX 590 ($7.13) in a research report on Tuesday, September 6th. Finally, The Goldman Sachs Group downgraded HSBC from a "buy" rating to a "neutral" rating in a research report on Thursday, August 4th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, HSBC currently has an average rating of "Hold" and a consensus price target of $617.71.

HSBC Price Performance

HSBC (NYSE:HSBC – Get Rating) last announced its quarterly earnings results on Monday, August 1st. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.38. HSBC had a return on equity of 6.69% and a net margin of 27.66%. The business had revenue of $13.14 billion during the quarter, compared to the consensus estimate of $13.28 billion. On average, analysts predict that HSBC Holdings plc will post 3.51 EPS for the current year.

HSBC Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 29th. Shareholders of record on Friday, August 19th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 6.49%. The ex-dividend date of this dividend was Thursday, August 18th. HSBC's dividend payout ratio is 40.00%.

HSBC Profile

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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.

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