Corient Private Wealth LLC Has $3.75 Million Holdings in HSBC Holdings plc $HSBC

Corient Private Wealth LLC lessened its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 11.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,641 shares of the financial services provider’s stock after selling 6,463 shares during the quarter. Corient Private Wealth LLC’s holdings in HSBC were worth $3,748,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Morgan Stanley boosted its position in HSBC by 15.3% during the fourth quarter. Morgan Stanley now owns 7,483,883 shares of the financial services provider’s stock worth $588,757,000 after purchasing an additional 993,473 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of HSBC by 1,272.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 909,464 shares of the financial services provider’s stock valued at $71,548,000 after purchasing an additional 843,186 shares during the period. Clearbridge Investments LLC lifted its stake in shares of HSBC by 77.0% in the fourth quarter. Clearbridge Investments LLC now owns 1,443,716 shares of the financial services provider’s stock worth $113,577,000 after buying an additional 627,857 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of HSBC by 2.3% during the 4th quarter. Fisher Asset Management LLC now owns 17,800,748 shares of the financial services provider’s stock worth $1,400,385,000 after buying an additional 402,288 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in HSBC by 1.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 10,575,644 shares of the financial services provider’s stock valued at $750,659,000 after buying an additional 185,073 shares during the last quarter. 1.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HSBC has been the subject of a number of research analyst reports. Zacks Research lowered shares of HSBC from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. The Goldman Sachs Group assumed coverage on HSBC in a research report on Thursday, March 26th. They issued a “buy” rating on the stock. Weiss Ratings cut HSBC from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of HSBC in a research note on Tuesday. Finally, BNP Paribas Exane downgraded HSBC from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 14th. Five investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, HSBC currently has a consensus rating of “Hold”.

Trending Headlines about 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

Insiders Place Their Bets

In other news, insider Daniel Scott Palomaki sold 23,123 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $18.11, for a total value of $418,757.53. Following the completion of the transaction, the insider owned 4,973 shares in the company, valued at approximately $90,061.03. This represents a 82.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.01% of the stock is owned by corporate insiders.

HSBC Stock Performance

NYSE:HSBC opened at $93.86 on Friday. The firm’s 50-day moving average is $91.79 and its 200-day moving average is $86.37. The company has a market cap of $322.58 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 0.83 and a beta of 0.56. 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 Holdings plc has a 52-week low of $59.92 and a 52-week high of $96.90.

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

HSBC Cuts Dividend

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

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.