HSBC Holdings plc (NYSE:HSBC) Shares Sold by Net Worth Advisory Group

Net Worth Advisory Group lessened its stake in HSBC Holdings plc (NYSE:HSBC) by 3.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,910 shares of the financial services provider’s stock after selling 238 shares during the quarter. Net Worth Advisory Group’s holdings in HSBC were worth $342,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC raised its stake in HSBC by 44.3% in the third quarter. FMR LLC now owns 2,442,205 shares of the financial services provider’s stock valued at $110,363,000 after buying an additional 749,759 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of HSBC by 2.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 514,642 shares of the financial services provider’s stock worth $25,454,000 after acquiring an additional 14,095 shares in the last quarter. Raymond James Financial Inc. acquired a new position in HSBC in the fourth quarter valued at approximately $17,815,000. Bank of New York Mellon Corp increased its stake in HSBC by 135.6% in the fourth 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 purchasing an additional 200,054 shares during the last quarter. Finally, QRG Capital Management Inc. raised its holdings in HSBC by 11.7% during the fourth quarter. QRG Capital Management Inc. now owns 346,661 shares of the financial services provider’s stock worth $17,146,000 after purchasing an additional 36,219 shares in the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HSBC. StockNews.com upgraded shares of HSBC from a “sell” rating to a “hold” rating in a report on Tuesday. Barclays upgraded HSBC from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 4th. Royal Bank of Canada reissued a “sector perform” rating on shares of HSBC in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft lowered HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, UBS Group reissued a “neutral” rating on shares of HSBC in a report on Thursday, March 6th. 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. According to MarketBeat, HSBC currently has a consensus rating of “Moderate Buy”.

HSBC Price Performance

Shares of HSBC opened at $55.42 on Wednesday. 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 Holdings plc has a fifty-two week low of $37.38 and a fifty-two week high of $61.88. The firm has a 50-day simple moving average of $53.55 and a 200-day simple moving average of $48.52. The company has a market capitalization of $197.70 billion, a price-to-earnings ratio of 8.94, a price-to-earnings-growth ratio of 1.05 and a beta of 0.51.

HSBC (NYSE:HSBC) last posted its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.04. HSBC had a return on equity of 12.20% and a net margin of 16.17%. The company had revenue of $11.56 billion during the quarter, compared to analysts’ expectations of $13.79 billion. On average, equities research analysts anticipate that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 7th will be given a dividend of $1.80 per share. The ex-dividend date is Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a yield of 12.99%. HSBC’s payout ratio is currently 115.81%.

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.