Ativo Capital Management LLC Has $1.65 Million Position in HSBC Holdings plc $HSBC

Ativo Capital Management LLC reduced its stake in HSBC Holdings plc (NYSE:HSBC) by 2.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 27,070 shares of the financial services provider’s stock after selling 795 shares during the period. HSBC accounts for 1.5% of Ativo Capital Management LLC’s holdings, making the stock its 22nd largest holding. Ativo Capital Management LLC’s holdings in HSBC were worth $1,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of HSBC. Goldman Sachs Group Inc. grew its stake in HSBC by 1.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,726,420 shares of the financial services provider’s stock valued at $271,438,000 after buying an additional 53,072 shares during the last quarter. Northern Trust Corp grew its position in shares of HSBC by 3.3% in the first quarter. Northern Trust Corp now owns 2,873,096 shares of the financial services provider’s stock valued at $165,002,000 after purchasing an additional 91,789 shares during the last quarter. Contrarian Capital Management L.L.C. grew its position in shares of HSBC by 425.4% in the first quarter. Contrarian Capital Management L.L.C. now owns 1,265,656 shares of the financial services provider’s stock valued at $72,687,000 after purchasing an additional 1,024,780 shares during the last quarter. Royal Bank of Canada grew its position in shares of HSBC by 18.7% in the first quarter. Royal Bank of Canada now owns 1,047,447 shares of the financial services provider’s stock valued at $60,155,000 after purchasing an additional 164,915 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in HSBC by 9.1% in the 1st quarter. American Century Companies Inc. now owns 1,022,231 shares of the financial services provider’s stock valued at $58,707,000 after buying an additional 85,166 shares in the last quarter. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on HSBC shares. BNP Paribas Exane raised HSBC from an “underperform” rating to an “outperform” rating in a report on Friday, September 5th. BNP Paribas upgraded shares of HSBC from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, September 5th. Weiss Ratings restated a “hold (c)” rating on shares of HSBC in a research report on Wednesday, October 8th. Jefferies Financial Group restated a “hold” rating on shares of HSBC in a research report on Friday. Finally, Citigroup restated a “buy” rating on shares of HSBC in a research report on Monday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $63.00.

HSBC Trading Up 1.0%

Shares of HSBC stock opened at $66.60 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 0.86 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $229.80 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 1.67 and a beta of 0.62. The firm’s 50-day moving average price is $67.03 and its two-hundred day moving average price is $61.31. HSBC Holdings plc has a 12-month low of $43.81 and a 12-month high of $72.21.

HSBC (NYSE:HSBC) last posted its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.33. The business had revenue of $16.90 billion for the quarter, compared to analyst estimates of $16.64 billion. HSBC had a net margin of 13.48% and a return on equity of 12.73%. On average, analysts forecast that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, August 15th were issued a $0.495 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, August 15th. HSBC’s dividend payout ratio (DPR) is currently 39.21%.

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.