HSBC Holdings plc (NYSE:HSBC) Shares Sold by Natixis Advisors L.P.

Natixis Advisors L.P. decreased its position in shares of HSBC Holdings plc (NYSE:HSBC) by 7.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 573,641 shares of the financial services provider’s stock after selling 49,013 shares during the quarter. Natixis Advisors L.P.’s holdings in HSBC were worth $23,255,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Grantham Mayo Van Otterloo & Co. LLC raised its position in HSBC by 167.4% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 842,864 shares of the financial services provider’s stock valued at $33,259,000 after acquiring an additional 527,677 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of HSBC by 39.4% during the 3rd quarter. American Century Companies Inc. now owns 698,250 shares of the financial services provider’s stock valued at $27,553,000 after purchasing an additional 197,283 shares in the last quarter. CWM LLC lifted its stake in shares of HSBC by 3,518.2% in the 4th quarter. CWM LLC now owns 177,835 shares of the financial services provider’s stock valued at $7,209,000 after purchasing an additional 172,920 shares during the period. QRG Capital Management Inc. purchased a new stake in HSBC during the third quarter worth $6,706,000. Finally, Ramirez Asset Management Inc. acquired a new stake in HSBC during the third quarter valued at $4,384,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Trading Down 0.1 %

HSBC opened at $44.45 on Monday. The firm has a market capitalization of $168.10 billion, a price-to-earnings ratio of 7.66, a price-to-earnings-growth ratio of 1.00 and a beta of 0.58. The company’s 50 day simple moving average is $40.00 and its two-hundred day simple moving average is $39.25. HSBC Holdings plc has a 1-year low of $35.30 and a 1-year high of $44.81. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.96 and a quick ratio of 0.96.

HSBC (NYSE:HSBC) last released its quarterly earnings data 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). The firm had revenue of $13.02 billion for the quarter. HSBC had a return on equity of 10.80% and a net margin of 16.13%. Analysts expect that HSBC Holdings plc will post 6.77 EPS for the current fiscal year.

HSBC Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $2.00 annualized dividend and a dividend yield of 4.50%. HSBC’s dividend payout ratio is presently 106.55%.

Analysts Set New Price Targets

Several brokerages recently weighed in on HSBC. Barclays restated an “equal weight” rating on shares of HSBC in a research note on Wednesday, March 27th. BNP Paribas lowered HSBC from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, HSBC presently has a consensus rating of “Hold” and an average price target of $761.75.

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.