HSBC Holdings plc (NYSE:HSBC) Shares Sold by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC trimmed its position in shares of HSBC Holdings plc (NYSE:HSBC) by 10.7% during the fourth quarter, Holdings Channel reports. The firm owned 27,237 shares of the financial services provider’s stock after selling 3,255 shares during the quarter. Schechter Investment Advisors LLC’s holdings in HSBC were worth $1,104,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Milestone Investment Advisors LLC purchased a new stake in shares of HSBC during the third quarter worth $26,000. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of HSBC during the second quarter worth $27,000. Assetmark Inc. purchased a new stake in shares of HSBC during the third quarter worth $30,000. Paradigm Asset Management Co. LLC purchased a new stake in shares of HSBC during the third quarter worth $39,000. Finally, American National Bank purchased a new position in HSBC in the third quarter valued at $40,000. 1.48% of the stock is currently owned by institutional investors and hedge funds.

HSBC Stock Down 1.8 %

HSBC stock opened at $39.00 on Thursday. HSBC Holdings plc has a one year low of $33.25 and a one year high of $42.47. The stock has a market capitalization of $149.03 billion, a PE ratio of 6.84, a price-to-earnings-growth ratio of 0.94 and a beta of 0.63. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.90 and a current ratio of 0.90. The company has a fifty day moving average of $38.85 and a 200-day moving average of $38.92.

HSBC (NYSE:HSBC) last released its earnings results on Wednesday, February 21st. The financial services provider reported $0.57 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.33). HSBC had a return on equity of 12.89% and a net margin of 19.02%. The firm had revenue of $13.02 billion during the quarter. As a group, analysts expect that HSBC Holdings plc will post 7.24 EPS for the current year.

HSBC Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Friday, March 8th will be issued a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a dividend yield of 15.90%. The ex-dividend date of this dividend is Thursday, March 7th. This is an increase from HSBC’s previous quarterly dividend of $0.50. HSBC’s dividend payout ratio (DPR) is currently 108.42%.

Wall Street Analysts Forecast Growth

HSBC has been the topic of several recent analyst reports. Barclays reissued an “equal weight” rating on shares of HSBC in a report on Wednesday. BNP Paribas cut HSBC from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $811.00.

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.