HSBC Holdings plc (NYSE:HSBC) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lessened its stake in HSBC Holdings plc (NYSE:HSBC) by 54.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 23,995 shares of the financial services provider’s stock after selling 29,232 shares during the quarter. Quantbot Technologies LP’s holdings in HSBC were worth $1,187,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Berbice Capital Management LLC acquired a new position in HSBC during the 4th quarter worth approximately $25,000. Venturi Wealth Management LLC grew its stake in shares of HSBC by 58.2% during the fourth quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 210 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in HSBC in the fourth quarter valued at $30,000. Larson Financial Group LLC increased its holdings in shares of HSBC by 138.5% in the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 450 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in HSBC during the fourth quarter worth approximately $49,000. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Trading Up 0.7 %

Shares of HSBC stock opened at $58.36 on Wednesday. The company has a market capitalization of $207.82 billion, a P/E ratio of 9.41, a price-to-earnings-growth ratio of 1.05 and a beta of 0.51. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average is $55.22 and its two-hundred day moving average is $49.48. HSBC Holdings plc has a twelve month low of $38.94 and a twelve month high of $61.88.

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

HSBC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be given a $1.80 dividend. The ex-dividend date is Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a yield of 12.34%. HSBC’s payout ratio is currently 115.81%.

Wall Street Analysts Forecast Growth

HSBC has been the topic of several research reports. Deutsche Bank Aktiengesellschaft lowered HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Royal Bank of Canada reiterated a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd. StockNews.com upgraded shares of HSBC from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Barclays upgraded shares of HSBC from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 4th. Finally, UBS Group reissued a “neutral” rating on shares of HSBC in a research report on Thursday, March 6th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

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.