Cookson Peirce & Co. Inc. Decreases Stock Holdings in HSBC Holdings plc (NYSE:HSBC)

Cookson Peirce & Co. Inc. lessened its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 1.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 609,466 shares of the financial services provider’s stock after selling 9,385 shares during the quarter. HSBC makes up approximately 1.5% of Cookson Peirce & Co. Inc.’s investment portfolio, making the stock its 23rd biggest holding. Cookson Peirce & Co. Inc.’s holdings in HSBC were worth $24,708,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Prime Capital Investment Advisors LLC purchased a new stake in HSBC during the 4th quarter valued at $352,000. Ativo Capital Management LLC purchased a new stake in HSBC during the 4th quarter valued at $1,181,000. Sequoia Financial Advisors LLC raised its holdings in HSBC by 11.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 26,256 shares of the financial services provider’s stock valued at $1,064,000 after buying an additional 2,724 shares during the period. Morgan Stanley grew its position in HSBC by 0.9% in the 3rd quarter. Morgan Stanley now owns 8,374,688 shares of the financial services provider’s stock valued at $330,465,000 after acquiring an additional 73,129 shares during the last quarter. Finally, Sanders Capital LLC grew its position in HSBC by 29.0% in the 3rd quarter. Sanders Capital LLC now owns 95,080 shares of the financial services provider’s stock valued at $3,752,000 after acquiring an additional 21,380 shares during the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on HSBC shares. Barclays reaffirmed an “equal weight” rating on shares of HSBC in a research report on Wednesday, March 27th. BNP Paribas downgraded HSBC from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $811.00.

HSBC Stock Down 2.4 %

Shares of HSBC traded down $0.96 during midday trading on Tuesday, reaching $39.61. 2,101,944 shares of the stock were exchanged, compared to its average volume of 2,282,171. HSBC Holdings plc has a 52 week low of $34.89 and a 52 week high of $42.47. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.62. The company’s 50 day moving average is $39.23 and its two-hundred day moving average is $39.04. The company has a market capitalization of $150.49 billion, a P/E ratio of 6.96, a PEG ratio of 0.96 and a beta of 0.63.

HSBC (NYSE:HSBC) last posted its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter. On average, sell-side analysts anticipate that HSBC Holdings plc will post 7.24 earnings per share for the current year.

HSBC Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Friday, March 8th will be given a dividend of $1.55 per share. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $6.20 dividend on an annualized basis and a yield of 15.65%. This is an increase from HSBC’s previous quarterly dividend of $0.50. HSBC’s dividend payout ratio (DPR) is presently 108.42%.

HSBC 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.