Dorsey & Whitney Trust CO LLC Decreases Holdings in HSBC Holdings plc $HSBC

Dorsey & Whitney Trust CO LLC trimmed its position in shares of HSBC Holdings plc (NYSE:HSBC) by 5.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,776 shares of the financial services provider’s stock after selling 1,225 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in HSBC were worth $1,385,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. raised its holdings in shares of HSBC by 1.1% in the first quarter. Goldman Sachs Group Inc. now owns 4,726,420 shares of the financial services provider’s stock valued at $271,438,000 after acquiring an additional 53,072 shares in the last quarter. Northern Trust Corp grew its position in HSBC by 3.3% during the 1st quarter. Northern Trust Corp now owns 2,873,096 shares of the financial services provider’s stock worth $165,002,000 after purchasing an additional 91,789 shares during the last quarter. Contrarian Capital Management L.L.C. increased its position in shares of HSBC by 425.4% in the 1st quarter. Contrarian Capital Management L.L.C. now owns 1,265,656 shares of the financial services provider’s stock valued at $72,687,000 after acquiring an additional 1,024,780 shares during the period. Royal Bank of Canada grew its stake in HSBC by 18.7% during the 1st quarter. Royal Bank of Canada now owns 1,047,447 shares of the financial services provider’s stock valued at $60,155,000 after purchasing an additional 164,915 shares during the last quarter. Finally, American Century Companies Inc. raised its position in HSBC by 9.1% during the 1st quarter. American Century Companies Inc. now owns 1,022,231 shares of the financial services provider’s stock worth $58,707,000 after buying an additional 85,166 shares during the last quarter. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HSBC has been the subject of a number of analyst reports. Jefferies Financial Group reissued a “hold” rating on shares of HSBC in a report on Friday, October 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of HSBC in a research note on Thursday. BNP Paribas raised HSBC from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, September 5th. Zacks Research upgraded HSBC from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Finally, Citigroup reiterated a “buy” rating on shares of HSBC in a report on Tuesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, HSBC has a consensus rating of “Moderate Buy” and an average price target of $63.00.

HSBC Stock Performance

Shares of HSBC opened at $71.29 on Tuesday. The company has a 50-day simple moving average of $69.44 and a 200-day simple moving average of $64.28. HSBC Holdings plc has a 52-week low of $45.59 and a 52-week high of $74.17. The company has a quick ratio of 0.93, a current ratio of 0.92 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $245.99 billion, a PE ratio of 15.01, a P/E/G ratio of 1.30 and a beta of 0.64.

HSBC (NYSE:HSBC) last released its quarterly earnings results on Tuesday, October 28th. The financial services provider reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.15. The company had revenue of $17.90 billion during the quarter, compared to the consensus estimate of $16.78 billion. HSBC had a return on equity of 12.78% and a net margin of 12.85%. Equities research analysts predict that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, November 7th will be issued a $0.50 dividend. The ex-dividend date is Friday, November 7th. This represents a $2.00 dividend on an annualized basis and a yield of 2.8%. This is an increase from HSBC’s previous quarterly dividend of $0.50. HSBC’s dividend payout ratio (DPR) is presently 41.68%.

HSBC Company 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.