HSBC Holdings plc (NYSE:HSBC) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lowered its stake in HSBC Holdings plc (NYSE:HSBC) by 3.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 19,031 shares of the financial services provider’s stock after selling 604 shares during the quarter. D.A. Davidson & CO.’s holdings in HSBC were worth $941,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Huntington National Bank lifted its position in shares of HSBC by 11.9% in the third quarter. Huntington National Bank now owns 2,122 shares of the financial services provider’s stock valued at $96,000 after acquiring an additional 226 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in HSBC by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 21,909 shares of the financial services provider’s stock valued at $990,000 after purchasing an additional 235 shares in the last quarter. Abel Hall LLC boosted its stake in HSBC by 4.3% during the 3rd quarter. Abel Hall LLC now owns 6,221 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 257 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of HSBC by 1.9% during the third quarter. Integrated Wealth Concepts LLC now owns 14,185 shares of the financial services provider’s stock worth $641,000 after buying an additional 265 shares in the last quarter. Finally, Drive Wealth Management LLC raised its position in shares of HSBC by 3.9% in the fourth quarter. Drive Wealth Management LLC now owns 7,036 shares of the financial services provider’s stock valued at $348,000 after buying an additional 265 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut shares of HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Royal Bank of Canada restated a “sector perform” rating on shares of HSBC in a research report on Monday, February 3rd.

HSBC Stock Up 0.2 %

NYSE HSBC opened at $56.07 on Monday. The company has a quick ratio of 0.96, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. HSBC Holdings plc has a 52 week low of $36.93 and a 52 week high of $57.08. The business’s fifty day simple moving average is $51.26 and its 200-day simple moving average is $47.18. The firm has a market cap of $200.81 billion, a PE ratio of 9.04, a P/E/G ratio of 1.05 and a beta of 0.54.

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

HSBC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 7th will be paid a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $7.20 annualized dividend and a yield of 12.84%. HSBC’s dividend payout ratio (DPR) is 31.94%.

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.