HSBC Holdings plc (NYSE:HSBC) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors lowered its holdings in HSBC Holdings plc (NYSE:HSBC) by 63.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,499 shares of the financial services provider’s stock after selling 14,959 shares during the period. Captrust Financial Advisors’ holdings in HSBC were worth $420,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northern Trust Corp increased its position in HSBC by 52.0% in the 4th quarter. Northern Trust Corp now owns 2,781,307 shares of the financial services provider’s stock valued at $137,563,000 after acquiring an additional 951,050 shares during the period. FMR LLC increased its holdings in shares of HSBC by 18.1% during the fourth quarter. FMR LLC now owns 2,883,238 shares of the financial services provider’s stock valued at $142,605,000 after purchasing an additional 441,033 shares during the period. Raymond James Financial Inc. bought a new stake in shares of HSBC during the fourth quarter valued at about $17,815,000. Contrarian Capital Management L.L.C. bought a new position in HSBC in the 4th quarter valued at about $11,914,000. Finally, Bank of New York Mellon Corp increased its stake in HSBC by 135.6% during the 4th quarter. Bank of New York Mellon Corp now owns 347,565 shares of the financial services provider’s stock valued at $17,191,000 after buying an additional 200,054 shares during the period. 1.48% of the stock is currently owned by institutional investors and hedge funds.

HSBC Trading Up 1.2%

HSBC stock opened at $59.60 on Tuesday. HSBC Holdings plc has a 1 year low of $39.42 and a 1 year high of $61.88. The firm’s 50 day moving average price is $55.20 and its two-hundred day moving average price is $52.32. The firm has a market cap of $210.66 billion, a price-to-earnings ratio of 9.61, a price-to-earnings-growth ratio of 1.05 and a beta of 0.53. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88.

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

HSBC Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on HSBC shares. StockNews.com raised shares of HSBC from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. UBS Group reaffirmed a “neutral” rating on shares of HSBC in a research note on Thursday, March 6th. Deutsche Bank Aktiengesellschaft downgraded HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd. Finally, Barclays upgraded shares of HSBC from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 4th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, HSBC currently has an average 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.