HSBC Holdings plc (NYSE:HSBC) Shares Sold by Rathbones Group PLC

Rathbones Group PLC trimmed its holdings in HSBC Holdings plc (NYSE:HSBC) by 5.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,600 shares of the financial services provider’s stock after selling 300 shares during the period. Rathbones Group PLC’s holdings in HSBC were worth $277,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HSBC. Wealthstar Advisors LLC acquired a new position in shares of HSBC during the 4th quarter worth approximately $664,000. Entropy Technologies LP purchased a new stake in HSBC in the 4th quarter valued at $701,000. Ritholtz Wealth Management increased its stake in shares of HSBC by 12.3% in the 4th quarter. Ritholtz Wealth Management now owns 141,108 shares of the financial services provider’s stock worth $6,979,000 after acquiring an additional 15,510 shares during the last quarter. Orion Portfolio Solutions LLC boosted its position in shares of HSBC by 23.2% during the 4th quarter. Orion Portfolio Solutions LLC now owns 41,933 shares of the financial services provider’s stock valued at $2,074,000 after acquiring an additional 7,908 shares during the last quarter. Finally, Perigon Wealth Management LLC purchased a new stake in shares of HSBC in the fourth quarter valued at about $244,000. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on HSBC. Royal Bank of Canada reiterated a “sector perform” rating on shares of HSBC in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft cut HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Barclays raised HSBC from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 4th. StockNews.com raised HSBC from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Finally, UBS Group reaffirmed a “neutral” rating on shares of HSBC in a research note on Thursday, March 6th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

HSBC Price Performance

HSBC stock opened at $49.35 on Thursday. The company’s 50 day moving average is $55.67 and its two-hundred day moving average is $50.25. The firm has a market cap of $175.73 billion, a PE ratio of 7.96, a price-to-earnings-growth ratio of 1.05 and a beta of 0.40. The company has a quick ratio of 0.96, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. HSBC Holdings plc has a 52-week low of $39.42 and a 52-week high of $61.88.

HSBC (NYSE:HSBC) last issued its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.04. HSBC had a return on equity of 12.20% and a net margin of 16.17%. The company had revenue of $11.56 billion for the quarter, compared to the consensus estimate of $13.79 billion. On average, research analysts expect that HSBC Holdings plc will post 6.66 EPS 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 14.59%. The ex-dividend date of this dividend 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.