PDS Planning Inc Sells 261 Shares of HSBC Holdings plc (NYSE:HSBC)

PDS Planning Inc lessened its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,222 shares of the financial services provider’s stock after selling 261 shares during the period. PDS Planning Inc’s holdings in HSBC were worth $703,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in HSBC. OneDigital Investment Advisors LLC bought a new position in HSBC during the 3rd quarter worth $263,000. Drive Wealth Management LLC increased its stake in shares of HSBC by 6.4% in the 3rd quarter. Drive Wealth Management LLC now owns 6,771 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 407 shares during the last quarter. Caprock Group LLC increased its stake in shares of HSBC by 12.8% in the 3rd quarter. Caprock Group LLC now owns 39,566 shares of the financial services provider’s stock valued at $1,788,000 after purchasing an additional 4,490 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of HSBC by 110.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 15,901 shares of the financial services provider’s stock valued at $719,000 after purchasing an additional 8,340 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of HSBC by 19.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 37,094 shares of the financial services provider’s stock valued at $1,676,000 after purchasing an additional 6,056 shares during the last quarter. Institutional investors own 1.48% of the company’s stock.

Analyst Ratings Changes

HSBC has been the topic of several recent analyst reports. UBS Group reiterated a “neutral” rating on shares of HSBC in a research note on Thursday, March 6th. Deutsche Bank Aktiengesellschaft lowered HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Royal Bank of Canada restated a “sector perform” rating on shares of HSBC in a research report on Monday, February 3rd. StockNews.com upgraded HSBC from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Finally, Barclays upgraded HSBC from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 4th. Four investment 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

HSBC Trading Up 1.5 %

Shares of HSBC stock opened at $58.69 on Wednesday. The firm has a market capitalization of $209.36 billion, a P/E ratio of 9.47, a P/E/G ratio of 1.05 and a beta of 0.51. HSBC Holdings plc has a twelve month low of $38.34 and a twelve month high of $61.88. 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 stock’s fifty day simple moving average is $54.34 and its 200 day simple moving average is $48.97.

HSBC (NYSE:HSBC) last announced its earnings results on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.41 by $0.04. The firm had revenue of $11.56 billion for the quarter, compared to the consensus estimate of $13.79 billion. HSBC had a return on equity of 12.20% and a net margin of 16.17%. As a group, sell-side analysts predict that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 7th will be issued a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a yield of 12.27%. The ex-dividend date is Friday, March 7th. HSBC’s payout ratio is presently 115.81%.

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.