Angeles Investment Advisors LLC Reduces Holdings in HSBC Holdings plc (NYSE:HSBC)

Angeles Investment Advisors LLC cut its stake in HSBC Holdings plc (NYSE:HSBC) by 13.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,286 shares of the financial services provider’s stock after selling 664 shares during the quarter. Angeles Investment Advisors LLC’s holdings in HSBC were worth $212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Bank of Montreal Can increased its holdings in shares of HSBC by 124.3% in the 3rd quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider’s stock valued at $7,820,000 after acquiring an additional 94,991 shares during the period. Wealthstar Advisors LLC purchased a new position in HSBC during the 4th quarter worth $664,000. Entropy Technologies LP acquired a new position in HSBC in the fourth quarter valued at $701,000. Ritholtz Wealth Management boosted its stake in shares of HSBC by 12.3% during the fourth quarter. Ritholtz Wealth Management now owns 141,108 shares of the financial services provider’s stock worth $6,979,000 after buying an additional 15,510 shares during the period. Finally, Perigon Wealth Management LLC purchased a new position in shares of HSBC during the fourth quarter worth about $244,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Price Performance

HSBC stock opened at $58.08 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88. HSBC Holdings plc has a one year low of $38.94 and a one year high of $61.88. The company has a market cap of $206.84 billion, a P/E ratio of 9.37, a price-to-earnings-growth ratio of 1.05 and a beta of 0.51. The business has a fifty day moving average of $55.04 and a two-hundred day moving average of $49.37.

HSBC (NYSE:HSBC) last released its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.04. HSBC had a net margin of 16.17% and a return on equity of 12.20%. The firm had revenue of $11.56 billion for the quarter, compared to the consensus estimate of $13.79 billion. As a group, analysts predict that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be issued a dividend of $1.80 per share. The ex-dividend date is Friday, March 7th. This represents a $7.20 annualized dividend and a yield of 12.40%. HSBC’s dividend payout ratio is presently 115.81%.

Analysts Set New Price Targets

Several analysts have commented on HSBC shares. UBS Group reaffirmed a “neutral” rating on shares of HSBC in a research note on Thursday, March 6th. StockNews.com upgraded shares of HSBC from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft downgraded shares of HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Barclays raised shares of HSBC from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating on shares of HSBC in a report on Monday, February 3rd. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, HSBC currently has a consensus rating of “Moderate Buy”.

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.