HSBC Holdings plc (NYSE:HSBC) Shares Sold by West Family Investments Inc.

West Family Investments Inc. trimmed its stake in HSBC Holdings plc (NYSE:HSBC) by 6.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,654 shares of the financial services provider’s stock after selling 3,853 shares during the period. West Family Investments Inc.’s holdings in HSBC were worth $2,256,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Prime Capital Investment Advisors LLC purchased a new position in shares of HSBC in the 4th quarter valued at $352,000. Ativo Capital Management LLC acquired a new position in shares of HSBC in the fourth quarter valued at approximately $1,181,000. Sequoia Financial Advisors LLC raised its position in shares of HSBC by 11.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 26,256 shares of the financial services provider’s stock valued at $1,064,000 after buying an additional 2,724 shares during the last quarter. Morgan Stanley grew its holdings in HSBC by 0.9% in the third quarter. Morgan Stanley now owns 8,374,688 shares of the financial services provider’s stock valued at $330,465,000 after purchasing an additional 73,129 shares during the period. Finally, Sanders Capital LLC grew its holdings in HSBC by 29.0% in the third quarter. Sanders Capital LLC now owns 95,080 shares of the financial services provider’s stock valued at $3,752,000 after purchasing an additional 21,380 shares during the period. 1.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

HSBC Price Performance

Shares of NYSE:HSBC traded up $0.63 during trading hours on Thursday, hitting $44.28. 1,184,697 shares of the company’s stock traded hands, compared to its average volume of 2,225,741. HSBC Holdings plc has a 52 week low of $35.30 and a 52 week high of $44.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.90 and a current ratio of 0.90. The company’s fifty day simple moving average is $39.74 and its two-hundred day simple moving average is $39.19. The company has a market cap of $167.45 billion, a price-to-earnings ratio of 7.66, a price-to-earnings-growth ratio of 1.03 and a beta of 0.58.

HSBC (NYSE:HSBC) last posted its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.33). HSBC had a net margin of 16.13% and a return on equity of 10.90%. The firm had revenue of $13.02 billion for the quarter. As a group, equities analysts anticipate that HSBC Holdings plc will post 7.24 EPS for the current fiscal year.

HSBC Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 10th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date of this dividend is Thursday, May 9th. HSBC’s dividend payout ratio (DPR) is 106.55%.

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.