Vontobel Holding Ltd. Sells 15,765 Shares of HSBC Holdings plc (NYSE:HSBC)

Vontobel Holding Ltd. cut its position in HSBC Holdings plc (NYSE:HSBC) by 61.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,000 shares of the financial services provider’s stock after selling 15,765 shares during the quarter. Vontobel Holding Ltd.’s holdings in HSBC were worth $405,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Fifth Third Bancorp raised its position in HSBC by 34.0% in the third quarter. Fifth Third Bancorp now owns 1,321 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 335 shares during the last quarter. AE Wealth Management LLC raised its position in shares of HSBC by 1.5% during the third quarter. AE Wealth Management LLC now owns 25,247 shares of the financial services provider’s stock worth $996,000 after acquiring an additional 362 shares during the last quarter. Lake Street Advisors Group LLC raised its position in shares of HSBC by 1.4% during the third quarter. Lake Street Advisors Group LLC now owns 28,179 shares of the financial services provider’s stock worth $1,112,000 after acquiring an additional 393 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of HSBC by 6.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,216 shares of the financial services provider’s stock worth $324,000 after acquiring an additional 464 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. raised its position in shares of HSBC by 6.0% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 8,256 shares of the financial services provider’s stock worth $326,000 after acquiring an additional 469 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors.

HSBC Trading Up 0.7 %

Shares of HSBC stock opened at $41.90 on Wednesday. The company has a market cap of $158.43 billion, a P/E ratio of 7.35, a PEG ratio of 0.95 and a beta of 0.63. The stock has a 50 day simple moving average of $39.40 and a two-hundred day simple moving average of $39.09. 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 fifty-two week low of $34.89 and a fifty-two week high of $42.47.

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

HSBC Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Friday, March 8th will be paid a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a yield of 14.80%. The ex-dividend date of this dividend is Thursday, March 7th. This is a boost from HSBC’s previous quarterly dividend of $0.50. HSBC’s dividend payout ratio (DPR) is 108.42%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Barclays restated an “equal weight” rating on shares of HSBC in a research report on Wednesday, March 27th. BNP Paribas downgraded HSBC from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $811.00.

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.