Sivia Capital Partners LLC lessened its position in HSBC Holdings plc (NYSE:HSBC – Free Report) by 10.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,899 shares of the financial services provider’s stock after selling 958 shares during the quarter. Sivia Capital Partners LLC’s holdings in HSBC were worth $357,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the company. Insight Folios Inc purchased a new position in shares of HSBC during the 1st quarter valued at about $4,589,000. Stamos Capital Partners L.P. lifted its holdings in shares of HSBC by 884.1% in the 1st quarter. Stamos Capital Partners L.P. now owns 125,970 shares of the financial services provider’s stock worth $4,958,000 after acquiring an additional 113,170 shares during the last quarter. Susquehanna International Securities Ltd. boosted its stake in shares of HSBC by 285.8% in the 1st quarter. Susquehanna International Securities Ltd. now owns 112,583 shares of the financial services provider’s stock valued at $4,431,000 after purchasing an additional 83,403 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of HSBC by 22.1% during the 2nd quarter. Natixis Advisors LLC now owns 413,789 shares of the financial services provider’s stock valued at $18,000,000 after purchasing an additional 74,980 shares during the last quarter. Finally, Frank Rimerman Advisors LLC purchased a new position in HSBC in the 2nd quarter worth $2,590,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.
Analysts Set New Price Targets
Separately, Dbs Bank upgraded shares of HSBC to a “strong-buy” rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, HSBC presently has an average rating of “Hold”.
HSBC Trading Up 0.3 %
HSBC traded up $0.13 during trading on Monday, hitting $44.48. 491,070 shares of the stock traded hands, compared to its average volume of 1,753,512. The firm has a 50-day moving average of $43.65 and a 200 day moving average of $43.27. HSBC Holdings plc has a 12-month low of $35.30 and a 12-month high of $46.07. The firm has a market capitalization of $166.84 billion, a P/E ratio of 7.61, a price-to-earnings-growth ratio of 0.89 and a beta of 0.56. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.89 and a quick ratio of 0.96.
HSBC (NYSE:HSBC – Get Free Report) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $1.65 earnings per share (EPS) for the quarter. HSBC had a return on equity of 10.60% and a net margin of 15.61%. The company had revenue of $16.54 billion for the quarter. Equities research analysts anticipate that HSBC Holdings plc will post 6.22 EPS for the current year.
HSBC Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 16th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.00 annualized dividend and a dividend yield of 4.50%. HSBC’s dividend payout ratio (DPR) is presently 34.14%.
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.
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