Grantham Mayo Van Otterloo & Co. LLC Sells 38,485 Shares of HSBC Holdings plc (NYSE:HSBC)

Grantham Mayo Van Otterloo & Co. LLC cut its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 11.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 297,408 shares of the financial services provider’s stock after selling 38,485 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in HSBC were worth $14,710,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Berbice Capital Management LLC acquired a new position in HSBC during the fourth quarter worth $25,000. Venturi Wealth Management LLC grew its position in shares of HSBC by 58.2% in the 4th quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 210 shares during the period. Whipplewood Advisors LLC acquired a new position in shares of HSBC during the 4th quarter worth about $30,000. Brooklyn Investment Group bought a new stake in shares of HSBC in the 4th quarter valued at about $49,000. Finally, Sierra Ocean LLC bought a new position in HSBC during the fourth quarter worth about $73,000. Institutional investors own 1.48% of the company’s stock.

Analyst Upgrades and Downgrades

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

HSBC Stock Down 6.8 %

HSBC opened at $49.87 on Monday. The stock has a fifty day moving average of $56.09 and a 200-day moving average of $50.20. The company has a market capitalization of $177.57 billion, a P/E ratio of 8.04, a P/E/G ratio of 1.05 and a beta of 0.40. HSBC Holdings plc has a fifty-two week low of $39.42 and a fifty-two week high of $61.88. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88.

HSBC (NYSE:HSBC) last issued its quarterly earnings data 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 net margin of 16.17% and a return on equity of 12.20%. The business had revenue of $11.56 billion during the quarter, compared to analysts’ expectations of $13.79 billion. On average, equities analysts expect that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 7th will be paid a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a yield of 14.44%. HSBC’s dividend payout ratio (DPR) is presently 115.81%.

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.