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

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

A number of other hedge funds and other institutional investors have also bought and sold shares of HSBC. CWM LLC raised its position in HSBC by 27.4% during the 3rd quarter. CWM LLC now owns 4,915 shares of the financial services provider’s stock valued at $194,000 after purchasing an additional 1,056 shares during the last quarter. AE Wealth Management LLC raised its position in HSBC by 1.5% during the 3rd quarter. AE Wealth Management LLC now owns 25,247 shares of the financial services provider’s stock valued at $996,000 after purchasing an additional 362 shares during the last quarter. IFP Advisors Inc raised its position in HSBC by 77.9% during the 3rd quarter. IFP Advisors Inc now owns 1,827 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 800 shares during the last quarter. DAVENPORT & Co LLC raised its position in HSBC by 33.9% during the 3rd quarter. DAVENPORT & Co LLC now owns 19,995 shares of the financial services provider’s stock valued at $789,000 after purchasing an additional 5,067 shares during the last quarter. Finally, Ballentine Partners LLC raised its position in shares of HSBC by 11.3% in the 3rd quarter. Ballentine Partners LLC now owns 7,844 shares of the financial services provider’s stock worth $310,000 after acquiring an additional 794 shares in the last quarter. Institutional investors own 1.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Barclays reissued an “equal weight” rating on shares of HSBC in a research report on Wednesday, March 27th. BNP Paribas lowered HSBC from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $811.00.

HSBC Stock Up 0.7 %

HSBC stock opened at $41.90 on Wednesday. HSBC Holdings plc has a twelve month low of $34.89 and a twelve month high of $42.47. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.62. The firm has a market cap of $158.43 billion, a PE ratio of 7.35, a price-to-earnings-growth ratio of 0.95 and a beta of 0.63. The business has a 50 day moving average of $39.40 and a 200 day moving average of $39.09.

HSBC (NYSE:HSBC) last posted its quarterly earnings data 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 net margin of 19.02% and a return on equity of 12.89%. The company had revenue of $13.02 billion for the quarter. On average, research analysts forecast that HSBC Holdings plc will post 7.24 EPS for the current fiscal year.

HSBC Increases Dividend

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