Corient Private Wealth LLC Sells 2,050 Shares of HSBC Holdings plc (NYSE:HSBC)

Corient Private Wealth LLC trimmed its holdings in shares of HSBC Holdings plc (NYSE:HSBCFree Report) by 4.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,776 shares of the financial services provider’s stock after selling 2,050 shares during the period. Corient Private Wealth LLC’s holdings in HSBC were worth $1,977,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. NBC Securities Inc. bought a new position in shares of HSBC in the third quarter valued at about $109,000. Americana Partners LLC boosted its position in HSBC by 5.5% in the 3rd quarter. Americana Partners LLC now owns 14,841 shares of the financial services provider’s stock valued at $584,000 after buying an additional 769 shares during the last quarter. Pinnacle Wealth Planning Services Inc. increased its stake in shares of HSBC by 6.0% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 8,256 shares of the financial services provider’s stock valued at $326,000 after buying an additional 469 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of HSBC by 2.1% during the third quarter. Oppenheimer & Co. Inc. now owns 36,043 shares of the financial services provider’s stock worth $1,422,000 after acquiring an additional 726 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. bought a new position in HSBC in the third quarter valued at about $414,000. Institutional investors own 1.48% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Barclays reissued an “equal weight” rating on shares of HSBC in a report on Wednesday, March 27th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $761.75.

Check Out Our Latest Stock Analysis on HSBC

HSBC Trading Up 0.8 %

NYSE:HSBC opened at $44.65 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51. HSBC Holdings plc has a 1-year low of $35.30 and a 1-year high of $45.46. The firm has a market capitalization of $168.83 billion, a price-to-earnings ratio of 7.70, a PEG ratio of 1.05 and a beta of 0.58. The business’s 50-day moving average price is $42.35 and its two-hundred day moving average price is $40.20.

HSBC (NYSE:HSBCGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.70 earnings per share for the quarter. The business had revenue of $20.75 billion for the quarter. HSBC had a net margin of 16.13% and a return on equity of 10.80%. On average, equities analysts expect that HSBC Holdings plc will post 6.35 earnings per share for the current year.

HSBC Cuts Dividend

The company 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 dividend of $0.50 per share. The ex-dividend date is Thursday, May 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.48%. HSBC’s dividend payout ratio is 34.14%.

About HSBC

(Free Report)

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.

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Institutional Ownership by Quarter for HSBC (NYSE:HSBC)

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