Checchi Capital Advisers LLC Sells 1,752 Shares of HSBC Holdings plc (NYSE:HSBC)

Checchi Capital Advisers LLC lessened its holdings in shares of HSBC Holdings plc (NYSE:HSBCFree Report) by 7.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,401 shares of the financial services provider’s stock after selling 1,752 shares during the quarter. Checchi Capital Advisers LLC’s holdings in HSBC were worth $868,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of HSBC. Prime Capital Investment Advisors LLC bought a new position in shares of HSBC in the 4th quarter worth approximately $352,000. Ativo Capital Management LLC purchased a new position in shares of HSBC during the 4th quarter valued at $1,181,000. Dimensional Fund Advisors LP boosted its stake in shares of HSBC by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,621,349 shares of the financial services provider’s stock worth $471,129,000 after acquiring an additional 376,641 shares during the period. Sequoia Financial Advisors LLC grew its holdings in HSBC by 11.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 26,256 shares of the financial services provider’s stock valued at $1,064,000 after buying an additional 2,724 shares in the last quarter. Finally, Morgan Stanley increased its holdings in HSBC by 0.9% in the 3rd quarter. Morgan Stanley now owns 8,374,688 shares of the financial services provider’s stock valued at $330,465,000 after acquiring an additional 73,129 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HSBC has been the subject of several research reports. Barclays reiterated an “equal weight” rating on shares of HSBC in a research report on Wednesday, March 27th. BNP Paribas downgraded HSBC from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to, the stock currently has a consensus rating of “Hold” and a consensus price target of $761.75.

Read Our Latest Research Report on HSBC

HSBC Stock Performance

Shares of HSBC opened at $43.98 on Tuesday. HSBC Holdings plc has a 12 month low of $35.30 and a 12 month high of $45.46. The stock has a fifty day moving average price of $40.58 and a 200-day moving average price of $39.47. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51. The firm has a market cap of $166.32 billion, a PE ratio of 7.58, a P/E/G ratio of 0.98 and a beta of 0.58.

HSBC (NYSE:HSBCGet Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.33). HSBC had a return on equity of 10.80% and a net margin of 16.13%. The business had revenue of $13.02 billion during the quarter. Equities research analysts predict that HSBC Holdings plc will post 6.77 earnings per share for the current fiscal year.

HSBC Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend is Thursday, May 9th. HSBC’s dividend payout ratio is presently 34.14%.

HSBC Profile

(Free Report)

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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Institutional Ownership by Quarter for HSBC (NYSE:HSBC)

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