Gradient Investments LLC Lowers Stake in HSBC Holdings plc (NYSE:HSBC)

Gradient Investments LLC cut its position in HSBC Holdings plc (NYSE:HSBC) by 6.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,189 shares of the financial services provider’s stock after selling 732 shares during the period. Gradient Investments LLC’s holdings in HSBC were worth $504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of HSBC. Berbice Capital Management LLC purchased a new stake in shares of HSBC during the fourth quarter worth about $25,000. Larson Financial Group LLC grew its holdings in HSBC by 138.5% during the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock valued at $35,000 after buying an additional 450 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of HSBC during the fourth quarter valued at approximately $49,000. Allworth Financial LP lifted its holdings in shares of HSBC by 40.9% in the third quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider’s stock worth $62,000 after buying an additional 397 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in HSBC by 116.2% during the fourth quarter. Versant Capital Management Inc now owns 1,498 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 805 shares in the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

HSBC Stock Down 0.2 %

HSBC opened at $51.31 on Friday. The company has a market capitalization of $183.77 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of 1.35 and a beta of 0.54. The firm has a 50-day simple moving average of $48.57 and a two-hundred day simple moving average of $45.58. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.52. HSBC Holdings plc has a 52 week low of $36.93 and a 52 week high of $51.60.

HSBC (NYSE:HSBC) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $1.70 EPS for the quarter. HSBC had a net margin of 15.70% and a return on equity of 10.71%. The business had revenue of $36.62 billion during the quarter. During the same quarter last year, the business earned $1.45 EPS. Analysts forecast that HSBC Holdings plc will post 6.67 earnings per share for the current fiscal year.

HSBC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 8th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 3.90%. HSBC’s payout ratio is currently 32.73%.

HSBC 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.