Schechter Investment Advisors LLC Trims Position in HSBC Holdings plc (NYSE:HSBC)

Schechter Investment Advisors LLC lessened its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 10.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,237 shares of the financial services provider’s stock after selling 3,255 shares during the quarter. Schechter Investment Advisors LLC’s holdings in HSBC were worth $1,104,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Milestone Investment Advisors LLC purchased a new position in HSBC during the 3rd quarter valued at about $26,000. Benjamin F. Edwards & Company Inc. purchased a new position in HSBC during the 2nd quarter valued at about $27,000. Assetmark Inc. purchased a new position in HSBC during the 3rd quarter valued at about $30,000. Paradigm Asset Management Co. LLC purchased a new position in shares of HSBC during the third quarter worth about $39,000. Finally, American National Bank purchased a new position in shares of HSBC during the third quarter worth about $40,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Barclays reissued an “equal weight” rating on shares of HSBC in a report on Wednesday. BNP Paribas downgraded HSBC from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $811.00.

HSBC Price Performance

HSBC opened at $39.00 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.90 and a current ratio of 0.90. HSBC Holdings plc has a 52-week low of $33.25 and a 52-week high of $42.47. The stock has a market capitalization of $149.03 billion, a PE ratio of 6.84, a price-to-earnings-growth ratio of 0.94 and a beta of 0.63. The stock’s 50 day moving average price is $38.85 and its 200-day moving average price is $38.92.

HSBC (NYSE:HSBC) last posted its earnings results on Wednesday, February 21st. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.33). HSBC had a net margin of 19.02% and a return on equity of 12.89%. The business had revenue of $13.02 billion for the quarter. On average, equities research analysts predict that HSBC Holdings plc will post 7.24 EPS for the current year.

HSBC Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Friday, March 8th will be paid a $1.55 dividend. This represents a $6.20 annualized dividend and a yield of 15.90%. This is a boost from HSBC’s previous quarterly dividend of $0.50. The ex-dividend date is Thursday, March 7th. HSBC’s dividend payout ratio is presently 108.42%.

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.