HSBC Holdings plc (NYSE:HSBC) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd trimmed its position in shares of HSBC Holdings plc (NYSE:HSBC) by 21.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,590 shares of the financial services provider’s stock after selling 9,901 shares during the period. Y Intercept Hong Kong Ltd’s holdings in HSBC were worth $1,760,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in HSBC. Allspring Global Investments Holdings LLC lifted its stake in HSBC by 23.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 18,341 shares of the financial services provider’s stock worth $829,000 after purchasing an additional 3,451 shares in the last quarter. Private Advisor Group LLC increased its position in shares of 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 acquiring an additional 318 shares during the period. Allworth Financial LP increased its position in shares of HSBC by 40.9% during the third quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 397 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of HSBC by 2.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,674 shares of the financial services provider’s stock worth $979,000 after acquiring an additional 542 shares during the period. Finally, First Trust Direct Indexing L.P. increased its position in shares of HSBC by 1.3% during the third quarter. First Trust Direct Indexing L.P. now owns 50,238 shares of the financial services provider’s stock worth $2,270,000 after acquiring an additional 646 shares during the period. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HSBC has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lowered HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of HSBC in a research report on Monday, February 3rd.

HSBC Stock Performance

NYSE:HSBC opened at $57.79 on Wednesday. The firm has a market capitalization of $206.97 billion, a PE ratio of 9.32, a price-to-earnings-growth ratio of 1.05 and a beta of 0.54. The business’s fifty day moving average price is $51.58 and its 200 day moving average price is $47.39. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.96. HSBC Holdings plc has a 12 month low of $36.93 and a 12 month high of $57.82.

HSBC (NYSE:HSBC) last posted its earnings results on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.41 by $0.04. The firm had revenue of $11.56 billion for the quarter, compared to analyst estimates of $13.79 billion. HSBC had a return on equity of 12.20% and a net margin of 16.17%. On average, sell-side analysts anticipate that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be issued a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 12.46%. The ex-dividend date is Friday, March 7th. HSBC’s dividend payout ratio (DPR) is presently 115.81%.

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.