Invesco Ltd. Sells 7,367 Shares of HSBC Holdings plc (NYSE:HSBC)

Invesco Ltd. decreased its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 46.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,531 shares of the financial services provider’s stock after selling 7,367 shares during the quarter. Invesco Ltd.’s holdings in HSBC were worth $422,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Berbice Capital Management LLC bought a new stake in HSBC in the fourth quarter worth $25,000. Venturi Wealth Management LLC increased its holdings in shares of HSBC by 58.2% in the 4th quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock worth $28,000 after buying an additional 210 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of HSBC during the 4th quarter valued at about $30,000. Brooklyn Investment Group purchased a new position in HSBC in the fourth quarter worth about $49,000. Finally, Sierra Ocean LLC purchased a new stake in HSBC during the fourth quarter valued at approximately $73,000. 1.48% of the stock is currently owned by institutional investors.

HSBC Price Performance

HSBC stock opened at $56.50 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.96. The stock has a market cap of $199.71 billion, a price-to-earnings ratio of 9.11, a price-to-earnings-growth ratio of 1.05 and a beta of 0.53. The firm has a 50-day moving average of $55.35 and a two-hundred day moving average of $51.30. HSBC Holdings plc has a 1 year low of $39.42 and a 1 year high of $61.88.

HSBC (NYSE:HSBC) last announced its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.35. The company had revenue of $17.74 billion for the quarter, compared to analysts’ expectations of $16.60 billion. HSBC had a return on equity of 12.20% and a net margin of 16.17%. On average, research analysts forecast that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 20th. Investors of record on Monday, May 12th will be issued a $0.495 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a dividend yield of 3.5%. HSBC’s payout ratio is currently 36.33%.

Analyst Ratings Changes

Several research firms recently weighed in on HSBC. Royal Bank of Canada restated a “sector perform” rating on shares of HSBC in a report on Monday, February 3rd. StockNews.com upgraded shares of HSBC from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. Barclays raised shares of HSBC from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 4th. UBS Group reissued a “neutral” rating on shares of HSBC in a research note on Thursday, March 6th. Finally, Deutsche Bank Aktiengesellschaft cut HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

About HSBC

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.