Linden Thomas Advisory Services LLC Reduces Stock Position in HSBC Holdings plc $HSBC

Linden Thomas Advisory Services LLC lessened its stake in HSBC Holdings plc (NYSE:HSBC) by 17.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,924 shares of the financial services provider’s stock after selling 2,122 shares during the period. Linden Thomas Advisory Services LLC’s holdings in HSBC were worth $603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of HSBC. GAMMA Investing LLC boosted its stake in HSBC by 24.7% in the first quarter. GAMMA Investing LLC now owns 9,739 shares of the financial services provider’s stock valued at $559,000 after acquiring an additional 1,929 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in HSBC by 6.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 29,391 shares of the financial services provider’s stock valued at $1,688,000 after acquiring an additional 1,897 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in HSBC by 8.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,735 shares of the financial services provider’s stock valued at $674,000 after acquiring an additional 959 shares in the last quarter. Spire Wealth Management boosted its stake in HSBC by 59.4% in the first quarter. Spire Wealth Management now owns 1,320 shares of the financial services provider’s stock valued at $76,000 after acquiring an additional 492 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of HSBC by 51.0% during the first quarter. Bessemer Group Inc. now owns 864 shares of the financial services provider’s stock worth $50,000 after buying an additional 292 shares during the period. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Price Performance

Shares of NYSE:HSBC opened at $67.17 on Tuesday. HSBC Holdings plc has a 52 week low of $44.40 and a 52 week high of $72.21. 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 cap of $231.78 billion, a P/E ratio of 13.30, a PEG ratio of 1.76 and a beta of 0.62. The company has a 50-day moving average price of $67.53 and a 200 day moving average price of $62.34.

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. HSBC had a net margin of 13.48% and a return on equity of 12.73%. The company had revenue of $16.90 billion during the quarter, compared to analysts’ expectations of $16.64 billion. Research analysts predict that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Dividend Announcement

The business 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. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.98 dividend on an annualized basis and a yield of 2.9%. HSBC’s dividend payout ratio (DPR) is 39.21%.

Analyst Ratings Changes

Several brokerages have recently weighed in on HSBC. Jefferies Financial Group reiterated a “hold” rating on shares of HSBC in a research note on Friday, October 10th. BNP Paribas upgraded shares of HSBC from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, September 5th. Zacks Research downgraded shares of HSBC from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of HSBC in a research note on Wednesday, October 8th. Finally, Citigroup reiterated a “buy” rating on shares of HSBC in a research note on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $63.00.

About HSBC

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.