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

Rathbones Group PLC reduced its position in HSBC Holdings plc (NYSE:HSBC) by 5.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,600 shares of the financial services provider’s stock after selling 300 shares during the quarter. Rathbones Group PLC’s holdings in HSBC were worth $277,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. FMR LLC lifted its position in HSBC by 18.1% in the fourth quarter. FMR LLC now owns 2,883,238 shares of the financial services provider’s stock valued at $142,605,000 after purchasing an additional 441,033 shares during the period. American Century Companies Inc. lifted its holdings in shares of HSBC by 4.5% in the 4th quarter. American Century Companies Inc. now owns 937,065 shares of the financial services provider’s stock valued at $46,347,000 after buying an additional 40,388 shares during the period. Crossmark Global Holdings Inc. grew its holdings in HSBC by 2.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 514,642 shares of the financial services provider’s stock worth $25,454,000 after acquiring an additional 14,095 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in HSBC by 26.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 401,960 shares of the financial services provider’s stock valued at $19,881,000 after acquiring an additional 85,104 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of HSBC by 3.1% during the 4th quarter. Franklin Resources Inc. now owns 397,408 shares of the financial services provider’s stock worth $19,656,000 after purchasing an additional 11,864 shares in the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Barclays raised shares of HSBC from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. UBS Group reissued a “neutral” rating on shares of HSBC in a research note on Thursday, March 6th. StockNews.com raised HSBC from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. Royal Bank of Canada restated a “sector perform” rating on shares of HSBC in a research report on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft lowered shares of HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Four investment 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 stock. Based on data from MarketBeat, HSBC presently has a consensus rating of “Moderate Buy”.

HSBC Trading Up 5.7 %

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

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

HSBC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be given a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a yield of 14.59%. The ex-dividend date is Friday, March 7th. HSBC’s dividend payout ratio (DPR) is 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.