SG Americas Securities LLC Has $11.38 Million Holdings in HSBC Holdings plc $HSBC

SG Americas Securities LLC trimmed its stake in HSBC Holdings plc (NYSE:HSBC) by 5.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,925 shares of the financial services provider’s stock after selling 7,337 shares during the period. SG Americas Securities LLC’s holdings in HSBC were worth $11,377,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in HSBC. Transamerica Financial Advisors LLC grew its position in HSBC by 287.1% during the fourth quarter. Transamerica Financial Advisors LLC now owns 329 shares of the financial services provider’s stock worth $26,000 after buying an additional 244 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of HSBC in the 3rd quarter worth approximately $26,000. Binnacle Investments Inc grew its holdings in shares of HSBC by 80.5% during the 3rd quarter. Binnacle Investments Inc now owns 444 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 198 shares in the last quarter. JPL Wealth Management LLC acquired a new stake in shares of HSBC during the 3rd quarter worth approximately $41,000. Finally, SHP Wealth Management bought a new stake in shares of HSBC during the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

Key Stories Impacting HSBC

Here are the key news stories impacting HSBC this week:

• Positive Sentiment: HSBC said its research and investment views still favor parts of Asia, highlighting China, Japan and South Korea as top picks, while also pointing to potential upside in SK Hynix’s planned U.S. listing. That reinforces HSBC’s role as a major market strategist and deal adviser. Article Title

HSBC Stock Down 1.3%

Shares of NYSE HSBC opened at $93.86 on Friday. The stock has a market cap of $322.58 billion, a PE ratio of 15.39, a PEG ratio of 0.85 and a beta of 0.56. The business has a fifty day moving average of $91.79 and a two-hundred day moving average of $86.37. HSBC Holdings plc has a 52-week low of $59.92 and a 52-week high of $96.90. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.92 and a current ratio of 0.92.

HSBC (NYSE:HSBC) last posted its earnings results on Tuesday, March 31st. The financial services provider reported $0.44 earnings per share for the quarter. HSBC had a net margin of 16.06% and a return on equity of 13.35%. The business had revenue of $19.12 billion for the quarter. As a group, equities research analysts expect that HSBC Holdings plc will post 8.6 earnings per share for the current fiscal year.

HSBC Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, May 15th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.1%. HSBC’s dividend payout ratio (DPR) is presently 32.46%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HSBC. BNP Paribas Exane cut HSBC from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 14th. Zacks Research cut shares of HSBC from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Weiss Ratings lowered shares of HSBC from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada reissued a “sector perform” rating on shares of HSBC in a research note on Thursday, May 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of HSBC in a research report on Tuesday. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, HSBC currently has an average rating of “Hold”.

Insider Activity

In other news, insider Daniel Scott Palomaki sold 23,123 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $18.11, for a total value of $418,757.53. Following the transaction, the insider directly owned 4,973 shares of the company’s stock, valued at $90,061.03. The trade was a 82.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.01% of the company’s stock.

About HSBC

HSBC Holdings plc (NYSE: HSBC) is a multinational banking and financial services organization headquartered in London. It traces its origins to the Hongkong and Shanghai Banking Corporation, founded in 1865 to facilitate trade between Europe and Asia, and has since grown into one of the world’s largest banking groups. The company is publicly listed in multiple markets, including the London Stock Exchange, the Hong Kong Stock Exchange and as an American depositary receipt on the New York Stock Exchange.

HSBC operates a universal banking model, serving retail, commercial, corporate and institutional clients.