HSBC Holdings plc (NYSE:HSBC) Shares Sold by Natixis Advisors L.P.

Natixis Advisors L.P. trimmed its position in HSBC Holdings plc (NYSE:HSBC) by 7.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 573,641 shares of the financial services provider’s stock after selling 49,013 shares during the period. Natixis Advisors L.P.’s holdings in HSBC were worth $23,255,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of HSBC. Savant Capital LLC boosted its holdings in shares of HSBC by 5.3% in the fourth quarter. Savant Capital LLC now owns 5,574 shares of the financial services provider’s stock worth $226,000 after buying an additional 279 shares during the period. Fifth Third Bancorp lifted its holdings in shares of HSBC by 34.0% in the third quarter. Fifth Third Bancorp now owns 1,321 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 335 shares in the last quarter. Addison Advisors LLC grew its holdings in shares of HSBC by 74.8% during the fourth quarter. Addison Advisors LLC now owns 895 shares of the financial services provider’s stock valued at $36,000 after buying an additional 383 shares in the last quarter. Lake Street Advisors Group LLC lifted its stake in HSBC by 1.4% in the 3rd quarter. Lake Street Advisors Group LLC now owns 28,179 shares of the financial services provider’s stock worth $1,112,000 after acquiring an additional 393 shares in the last quarter. Finally, Greenleaf Trust grew its position in HSBC by 4.5% during the fourth quarter. Greenleaf Trust now owns 10,665 shares of the financial services provider’s stock valued at $432,000 after purchasing an additional 459 shares in the last quarter. 1.48% of the stock is currently owned by institutional investors and hedge funds.

HSBC Price Performance

NYSE HSBC opened at $44.45 on Monday. The firm has a market cap of $168.10 billion, a P/E ratio of 7.66, a price-to-earnings-growth ratio of 1.00 and a beta of 0.58. The stock’s 50-day moving average is $40.00 and its two-hundred day moving average is $39.25. HSBC Holdings plc has a fifty-two week low of $35.30 and a fifty-two week high of $44.81. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.96 and a quick ratio of 0.96.

HSBC (NYSE:HSBC) last posted its earnings results on Wednesday, February 21st. The financial services provider reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.33). HSBC had a return on equity of 10.80% and a net margin of 16.13%. The company had revenue of $13.02 billion during the quarter. On average, analysts anticipate that HSBC Holdings plc will post 6.77 earnings per share for the current fiscal year.

HSBC Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 10th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $2.00 dividend on an annualized basis and a yield of 4.50%. HSBC’s payout ratio is presently 106.55%.

Analysts Set New Price Targets

HSBC has been the topic of several research analyst reports. Barclays restated an “equal weight” rating on shares of HSBC in a report on Wednesday, March 27th. BNP Paribas lowered HSBC from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, HSBC presently has an average rating of “Hold” and an average target price of $761.75.

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.