180 Wealth Advisors LLC Sells 261 Shares of HSBC Holdings plc $HSBC

180 Wealth Advisors LLC trimmed its position in shares of HSBC Holdings plc (NYSE:HSBC) by 4.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,277 shares of the financial services provider’s stock after selling 261 shares during the quarter. 180 Wealth Advisors LLC’s holdings in HSBC were worth $321,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Forum Financial Management LP boosted its position in shares of HSBC by 2.1% during the second quarter. Forum Financial Management LP now owns 44,246 shares of the financial services provider’s stock worth $2,690,000 after purchasing an additional 929 shares in the last quarter. Exencial Wealth Advisors LLC lifted its position in HSBC by 50.9% in the 2nd quarter. Exencial Wealth Advisors LLC now owns 25,205 shares of the financial services provider’s stock valued at $1,532,000 after acquiring an additional 8,506 shares in the last quarter. Greenup Street Wealth Management LLC bought a new stake in HSBC in the 2nd quarter valued at $228,000. Drive Wealth Management LLC lifted its position in HSBC by 6.1% in the 2nd quarter. Drive Wealth Management LLC now owns 7,645 shares of the financial services provider’s stock valued at $465,000 after acquiring an additional 438 shares in the last quarter. Finally, Wealthstream Advisors Inc. bought a new stake in HSBC in the 2nd quarter valued at $218,000. 1.48% of the stock is owned by institutional investors.

HSBC Trading Up 1.1%

Shares of NYSE:HSBC opened at $66.99 on Friday. The company’s 50-day moving average price is $67.46 and its two-hundred day moving average price is $62.13. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.86 and a quick ratio of 0.93. HSBC Holdings plc has a one year low of $44.33 and a one year high of $72.21. The stock has a market capitalization of $231.14 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 1.76 and a beta of 0.62.

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

HSBC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders 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 is presently 39.21%.

Analyst Upgrades and Downgrades

HSBC has been the topic of several research reports. BNP Paribas Exane raised shares of HSBC from an “underperform” rating to an “outperform” rating in a research report on Friday, September 5th. Citigroup reaffirmed a “buy” rating on shares of HSBC in a research report on Tuesday. Jefferies Financial Group reaffirmed a “hold” rating on shares of HSBC in a research report on Friday, October 10th. Zacks Research cut shares of HSBC from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of HSBC in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, HSBC has an average rating of “Hold” and an average price target of $63.00.

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.