Brandes Investment Partners LP Has $800,000 Position in HSBC Holdings plc $HSBC

Brandes Investment Partners LP lowered its stake in shares of HSBC Holdings plc (NYSE:HSBCFree Report) by 74.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,175 shares of the financial services provider’s stock after selling 29,314 shares during the quarter. Brandes Investment Partners LP’s holdings in HSBC were worth $800,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HSBC. Sivia Capital Partners LLC grew its position in HSBC by 19.0% during the second quarter. Sivia Capital Partners LLC now owns 11,896 shares of the financial services provider’s stock worth $723,000 after buying an additional 1,899 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of HSBC by 22.5% in the 2nd quarter. Invesco Ltd. now owns 7,052 shares of the financial services provider’s stock valued at $429,000 after purchasing an additional 1,295 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of HSBC in the 2nd quarter valued at $221,000. Cerity Partners LLC boosted its holdings in shares of HSBC by 3.1% in the 2nd quarter. Cerity Partners LLC now owns 98,708 shares of the financial services provider’s stock valued at $6,000,000 after purchasing an additional 2,940 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its holdings in shares of HSBC by 36.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 365,570 shares of the financial services provider’s stock valued at $22,223,000 after purchasing an additional 98,048 shares in the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Stock Performance

HSBC stock opened at $86.29 on Thursday. The stock has a 50-day moving average price of $90.19 and a 200-day moving average price of $84.49. HSBC Holdings plc has a 1-year low of $58.14 and a 1-year high of $95.61. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.52. The firm has a market cap of $296.55 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 0.80 and a beta of 0.56.

HSBC (NYSE:HSBCGet Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $0.44 earnings per share for the quarter. HSBC had a return on equity of 13.35% and a net margin of 16.06%.The firm had revenue of $19.13 billion during the quarter. As a group, equities research analysts expect that HSBC Holdings plc will post 8.55 earnings per share for the current year.

HSBC Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, May 15th will be paid a $0.50 dividend. The ex-dividend date is Friday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.3%. HSBC’s dividend payout ratio (DPR) is currently 32.46%.

Trending Headlines about HSBC

Here are the key news stories impacting HSBC this week:

Wall Street Analysts Forecast Growth

HSBC has been the topic of several recent research reports. Zacks Research downgraded HSBC from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. The Goldman Sachs Group initiated coverage on HSBC in a report on Thursday, March 26th. They set a “buy” rating on the stock. Weiss Ratings downgraded HSBC from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Royal Bank Of Canada reissued a “sector perform” rating on shares of HSBC in a report on Thursday, May 14th. Finally, BNP Paribas Exane downgraded HSBC from an “outperform” rating to a “neutral” rating in a report on Tuesday, April 14th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, HSBC currently has an average rating of “Hold”.

Get Our Latest Stock Analysis on HSBC

Insider Activity at HSBC

In other news, insider Daniel Scott Palomaki sold 23,123 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $18.11, for a total value of $418,757.53. Following the completion of the sale, the insider directly owned 4,973 shares in the company, valued at $90,061.03. This trade represents a 82.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.01% of the stock is currently owned by corporate insiders.

About HSBC

(Free Report)

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.

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Institutional Ownership by Quarter for HSBC (NYSE:HSBC)

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