Naviter Wealth LLC Reduces Stock Position in HSBC Holdings plc (NYSE:HSBC)

Naviter Wealth LLC reduced its position in shares of HSBC Holdings plc (NYSE:HSBC) by 13.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,078 shares of the financial services provider’s stock after selling 12,255 shares during the period. Naviter Wealth LLC’s holdings in HSBC were worth $4,010,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of HSBC during the fourth quarter worth about $6,405,000. Callan Family Office LLC purchased a new stake in shares of HSBC during the fourth quarter worth about $1,242,000. Lindbrook Capital LLC boosted its holdings in shares of HSBC by 6.3% during the fourth quarter. Lindbrook Capital LLC now owns 8,156 shares of the financial services provider’s stock worth $403,000 after purchasing an additional 485 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of HSBC during the fourth quarter worth about $17,815,000. Finally, M&T Bank Corp boosted its holdings in shares of HSBC by 0.6% during the fourth quarter. M&T Bank Corp now owns 115,454 shares of the financial services provider’s stock worth $5,710,000 after purchasing an additional 678 shares during the period. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HSBC. StockNews.com downgraded shares of HSBC from a “hold” rating to a “sell” rating in a research note on Monday, March 3rd. Royal Bank of Canada reissued a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd. Barclays raised shares of HSBC from an “equal weight” rating to an “overweight” rating in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, HSBC currently has an average rating of “Hold”.

HSBC Price Performance

Shares of NYSE HSBC opened at $58.06 on Friday. HSBC Holdings plc has a fifty-two week low of $36.93 and a fifty-two week high of $61.88. The company has a 50 day simple moving average of $53.30 and a two-hundred day simple moving average of $48.27. The company has a market capitalization of $207.12 billion, a price-to-earnings ratio of 9.36, a P/E/G ratio of 1.05 and a beta of 0.51. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88.

HSBC (NYSE:HSBC) last announced its 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 business had revenue of $11.56 billion during the quarter, compared to the consensus estimate of $13.79 billion. Analysts expect that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Announces Dividend

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. This represents a $7.20 dividend on an annualized basis and a dividend yield of 12.40%. The ex-dividend date of this dividend is Friday, March 7th. HSBC’s dividend payout ratio is 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.