HSBC Holdings plc (NYSE:HSBC) Stock Holdings Decreased by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC cut its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 6.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,127 shares of the financial services provider’s stock after selling 952 shares during the period. Schechter Investment Advisors LLC’s holdings in HSBC were worth $699,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC grew its position in HSBC by 44.3% during the third quarter. FMR LLC now owns 2,442,205 shares of the financial services provider’s stock valued at $110,363,000 after purchasing an additional 749,759 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of HSBC by 2.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 514,642 shares of the financial services provider’s stock worth $25,454,000 after purchasing an additional 14,095 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of HSBC by 135.6% during the 4th quarter. Bank of New York Mellon Corp now owns 347,565 shares of the financial services provider’s stock worth $17,191,000 after purchasing an additional 200,054 shares during the last quarter. QRG Capital Management Inc. increased its stake in shares of HSBC by 11.7% during the 4th quarter. QRG Capital Management Inc. now owns 346,661 shares of the financial services provider’s stock worth $17,146,000 after purchasing an additional 36,219 shares during the last quarter. Finally, Meritage Portfolio Management increased its stake in shares of HSBC by 5.6% during the 4th quarter. Meritage Portfolio Management now owns 318,825 shares of the financial services provider’s stock worth $15,769,000 after purchasing an additional 17,012 shares during the last quarter. 1.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on HSBC shares. Barclays upgraded shares of HSBC from an “equal weight” rating to an “overweight” rating in a research note on Tuesday. StockNews.com lowered shares of HSBC from a “hold” rating to a “sell” rating in a research note on Monday. Royal Bank of Canada restated a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft lowered shares of HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, HSBC has an average rating of “Hold”.

HSBC Price Performance

NYSE HSBC opened at $60.27 on Wednesday. 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 company has a fifty day simple moving average of $52.68 and a 200 day simple moving average of $48.00. The company has a market cap of $215.87 billion, a P/E ratio of 9.72, a P/E/G ratio of 1.05 and a beta of 0.54. HSBC Holdings plc has a 1 year low of $36.93 and a 1 year high of $61.88.

HSBC (NYSE:HSBC) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $13.79 billion. On average, sell-side analysts predict that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 7th will be issued a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 11.95%. The ex-dividend date of this dividend is Friday, March 7th. 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.