HSBC Holdings plc (NYSE:HSBC) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. cut its position in HSBC Holdings plc (NYSE:HSBC) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 169,710 shares of the financial services provider’s stock after selling 1,170 shares during the quarter. Ameriprise Financial Inc.’s holdings in HSBC were worth $8,395,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Northern Trust Corp lifted its position in HSBC by 52.0% during the 4th quarter. Northern Trust Corp now owns 2,781,307 shares of the financial services provider’s stock worth $137,563,000 after acquiring an additional 951,050 shares during the period. FMR LLC increased its stake in HSBC by 18.1% in the 4th 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 in the last quarter. Raymond James Financial Inc. purchased a new position in HSBC in the 4th quarter valued at approximately $17,815,000. Contrarian Capital Management L.L.C. purchased a new position in HSBC during the fourth quarter worth $11,914,000. Finally, Bank of New York Mellon Corp increased its position in HSBC by 135.6% during the fourth quarter. Bank of New York Mellon Corp now owns 347,565 shares of the financial services provider’s stock worth $17,191,000 after buying an additional 200,054 shares in the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Trading Up 0.5%

NYSE:HSBC opened at $59.97 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average is $55.29 and its two-hundred day moving average is $52.37. The company has a market cap of $211.97 billion, a PE ratio of 9.67, a P/E/G ratio of 1.05 and a beta of 0.53. HSBC Holdings plc has a 52 week low of $39.42 and a 52 week high of $61.88.

HSBC (NYSE:HSBC) last announced its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.35. The business 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, analysts predict that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Announces Dividend

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

Wall Street Analysts Forecast Growth

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

HSBC Company 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.