Oppenheimer & Co. Inc. Sells 924 Shares of HSBC Holdings plc (NYSE:HSBC)

Oppenheimer & Co. Inc. cut its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 2.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,176 shares of the financial services provider’s stock after selling 924 shares during the period. Oppenheimer & Co. Inc.’s holdings in HSBC were worth $1,499,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in HSBC. Sei Investments Co. grew its holdings in HSBC by 2.4% in the 1st quarter. Sei Investments Co. now owns 112,970 shares of the financial services provider’s stock valued at $4,446,000 after buying an additional 2,639 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of HSBC in the first quarter valued at about $608,000. O Shaughnessy Asset Management LLC increased its position in HSBC by 28.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 176,352 shares of the financial services provider’s stock worth $6,941,000 after acquiring an additional 39,344 shares during the period. Seven Eight Capital LP boosted its holdings in HSBC by 243.2% in the 1st quarter. Seven Eight Capital LP now owns 18,239 shares of the financial services provider’s stock valued at $718,000 after purchasing an additional 12,925 shares during the period. Finally, Lake Street Advisors Group LLC grew its position in shares of HSBC by 4.5% during the 1st quarter. Lake Street Advisors Group LLC now owns 28,367 shares of the financial services provider’s stock worth $1,160,000 after purchasing an additional 1,230 shares in the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Dbs Bank upgraded HSBC to a “strong-buy” rating in a research note on Wednesday, July 31st.

HSBC Stock Up 1.8 %

Shares of NYSE HSBC opened at $45.74 on Monday. HSBC Holdings plc has a 52 week low of $36.93 and a 52 week high of $47.56. The stock’s fifty day moving average is $44.88 and its 200 day moving average is $44.03. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $100.29 billion, a P/E ratio of 7.56 and a beta of 0.56.

HSBC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date is Friday, November 8th. HSBC’s dividend payout ratio (DPR) is presently 32.73%.

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.