West Family Investments Inc. Sells 45,709 Shares of HSBC Holdings plc (NYSE:HSBC)

West Family Investments Inc. reduced its stake in HSBC Holdings plc (NYSE:HSBC) by 78.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,444 shares of the financial services provider’s stock after selling 45,709 shares during the quarter. West Family Investments Inc.’s holdings in HSBC were worth $562,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Pitcairn Co. bought a new stake in HSBC during the first quarter valued at about $567,000. Mediolanum International Funds Ltd bought a new stake in shares of HSBC in the third quarter valued at about $139,895,000. Advisors Asset Management Inc. increased its position in HSBC by 38.8% during the 1st quarter. Advisors Asset Management Inc. now owns 24,866 shares of the financial services provider’s stock valued at $979,000 after purchasing an additional 6,948 shares during the period. Meritage Portfolio Management raised its holdings in HSBC by 28.9% in the third quarter. Meritage Portfolio Management now owns 301,813 shares of the financial services provider’s stock worth $13,639,000 after purchasing an additional 67,617 shares in the last quarter. Finally, QRG Capital Management Inc. grew its holdings in shares of HSBC by 19.0% during the second quarter. QRG Capital Management Inc. now owns 302,994 shares of the financial services provider’s stock valued at $13,180,000 after buying an additional 48,366 shares during the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Dbs Bank raised shares of HSBC to a “strong-buy” rating in a report on Wednesday, July 31st.

HSBC Stock Performance

NYSE:HSBC opened at $45.54 on Tuesday. The company has a 50 day moving average price of $44.94 and a 200 day moving average price of $44.05. HSBC Holdings plc has a fifty-two week low of $36.93 and a fifty-two week high of $47.56. The stock has a market capitalization of $99.85 billion, a P/E ratio of 7.68 and a beta of 0.56. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 0.96.

HSBC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 8th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date is Friday, November 8th. HSBC’s dividend payout ratio (DPR) is 32.73%.

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.