Quantbot Technologies LP Cuts Position in HSBC Holdings plc (NYSE:HSBC)

Quantbot Technologies LP reduced its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 54.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 23,995 shares of the financial services provider’s stock after selling 29,232 shares during the period. Quantbot Technologies LP’s holdings in HSBC were worth $1,187,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in HSBC. Berbice Capital Management LLC acquired a new position in HSBC during the fourth quarter worth about $25,000. Venturi Wealth Management LLC boosted its stake in shares of HSBC by 58.2% during the 4th quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 210 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of HSBC in the 4th quarter worth approximately $30,000. Larson Financial Group LLC increased its stake in HSBC by 138.5% in the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 450 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in HSBC during the fourth quarter worth $49,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

HSBC Price Performance

NYSE:HSBC opened at $58.36 on Wednesday. HSBC Holdings plc has a 12-month low of $38.94 and a 12-month high of $61.88. The firm has a market cap of $207.82 billion, a price-to-earnings ratio of 9.41, a price-to-earnings-growth ratio of 1.05 and a beta of 0.51. The company’s 50-day moving average is $55.22 and its two-hundred day moving average is $49.48. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69.

HSBC (NYSE:HSBC) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.04. The business had revenue of $11.56 billion for the quarter, compared to the consensus estimate of $13.79 billion. HSBC had a net margin of 16.17% and a return on equity of 12.20%. Research analysts expect that HSBC Holdings plc will post 6.66 EPS for the current 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 given a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 12.34%. The ex-dividend date is Friday, March 7th. HSBC’s dividend payout ratio is currently 115.81%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on HSBC shares. Deutsche Bank Aktiengesellschaft cut HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Barclays upgraded shares of HSBC from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. UBS Group reiterated a “neutral” rating on shares of HSBC in a research report on Thursday, March 6th. StockNews.com upgraded HSBC from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Finally, Royal Bank of Canada reiterated a “sector perform” rating on shares of HSBC in a report on Monday, February 3rd. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

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.