HSBC Holdings plc (NYSE:HSBC) Shares Sold by Angeles Investment Advisors LLC

Angeles Investment Advisors LLC lowered its holdings in HSBC Holdings plc (NYSE:HSBC) by 13.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,286 shares of the financial services provider’s stock after selling 664 shares during the quarter. Angeles Investment Advisors LLC’s holdings in HSBC were worth $212,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. LPL Financial LLC lifted its holdings in shares of HSBC by 23.2% in the 4th quarter. LPL Financial LLC now owns 153,518 shares of the financial services provider’s stock worth $7,593,000 after acquiring an additional 28,875 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in HSBC in the fourth quarter valued at approximately $356,000. Sei Investments Co. lifted its stake in HSBC by 4.6% during the fourth quarter. Sei Investments Co. now owns 106,538 shares of the financial services provider’s stock worth $5,270,000 after purchasing an additional 4,670 shares in the last quarter. American Century Companies Inc. boosted its position in shares of HSBC by 4.5% during the fourth quarter. American Century Companies Inc. now owns 937,065 shares of the financial services provider’s stock worth $46,347,000 after buying an additional 40,388 shares during the period. Finally, Virtu Financial LLC grew its stake in shares of HSBC by 4.8% in the fourth quarter. Virtu Financial LLC now owns 12,563 shares of the financial services provider’s stock valued at $621,000 after buying an additional 581 shares in the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on HSBC shares. UBS Group restated a “neutral” rating on shares of HSBC in a report on Thursday, March 6th. Royal Bank of Canada reissued a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd. StockNews.com raised shares of HSBC from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft cut shares of HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Barclays raised HSBC from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 4th. Four 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. According to MarketBeat, HSBC currently has an average rating of “Moderate Buy”.

HSBC Stock Up 0.4 %

HSBC stock opened at $58.08 on Tuesday. HSBC Holdings plc has a fifty-two week low of $38.94 and a fifty-two week high of $61.88. The company’s 50 day moving average price is $55.04 and its 200 day moving average price is $49.37. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88. The firm has a market capitalization of $206.84 billion, a price-to-earnings ratio of 9.37, a PEG ratio of 1.05 and a beta of 0.51.

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

HSBC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 7th will be issued a $1.80 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 12.40%. HSBC’s payout ratio is currently 115.81%.

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.