Paradigm Asset Management Co. LLC Sells 91,500 Shares of HSBC Holdings plc $HSBC

Paradigm Asset Management Co. LLC lowered its position in shares of HSBC Holdings plc (NYSE:HSBC) by 99.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 700 shares of the financial services provider’s stock after selling 91,500 shares during the period. Paradigm Asset Management Co. LLC’s holdings in HSBC were worth $55,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC bought a new stake in shares of HSBC during the third quarter valued at approximately $26,000. Binnacle Investments Inc grew its position in HSBC by 80.5% in the 3rd quarter. Binnacle Investments Inc now owns 444 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 198 shares during the period. JPL Wealth Management LLC bought a new stake in HSBC in the 3rd quarter worth approximately $41,000. Root Financial Partners LLC bought a new stake in HSBC in the 3rd quarter worth approximately $43,000. Finally, Cornerstone Planning Group LLC grew its position in HSBC by 30.7% in the 4th quarter. Cornerstone Planning Group LLC now owns 498 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 117 shares during the period. Institutional investors own 1.48% of the company’s stock.

Analyst Ratings Changes

HSBC has been the subject of a number of research analyst reports. The Goldman Sachs Group initiated coverage on shares of HSBC in a research report on Thursday, March 26th. They issued a “buy” rating for the company. BNP Paribas Exane downgraded shares of HSBC from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 14th. Zacks Research downgraded shares of HSBC from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Morgan Stanley initiated coverage on shares of HSBC in a research report on Wednesday, January 14th. They issued an “equal weight” rating for the company. Finally, Weiss Ratings downgraded shares of HSBC from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, HSBC presently has an average rating of “Moderate Buy” and an average price target of $63.00.

Insider Buying and Selling at HSBC

In other news, insider Daniel Scott Palomaki sold 23,123 shares of HSBC stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $18.11, for a total transaction of $418,757.53. Following the transaction, the insider owned 4,973 shares in the company, valued at $90,061.03. This trade represents a 82.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.01% of the stock is owned by corporate insiders.

HSBC Trading Up 0.7%

Shares of HSBC stock opened at $90.60 on Thursday. The company’s fifty day simple moving average is $86.24 and its 200-day simple moving average is $81.51. The stock has a market capitalization of $311.37 billion, a PE ratio of 14.85, a P/E/G ratio of 0.91 and a beta of 0.56. HSBC Holdings plc has a 1-year low of $57.85 and a 1-year high of $94.79. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.92 and a quick ratio of 0.92.

HSBC (NYSE:HSBC) last issued its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $0.44 earnings per share for the quarter. The business had revenue of $19.13 billion for the quarter. HSBC had a net margin of 16.06% and a return on equity of 13.35%. As a group, equities analysts anticipate that HSBC Holdings plc will post 8.51 earnings per share for the current year.

HSBC Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, May 15th. HSBC’s dividend payout ratio (DPR) is currently 147.21%.

About HSBC

HSBC Holdings plc (NYSE: HSBC) is a multinational banking and financial services organization headquartered in London. It traces its origins to the Hongkong and Shanghai Banking Corporation, founded in 1865 to facilitate trade between Europe and Asia, and has since grown into one of the world’s largest banking groups. The company is publicly listed in multiple markets, including the London Stock Exchange, the Hong Kong Stock Exchange and as an American depositary receipt on the New York Stock Exchange.

HSBC operates a universal banking model, serving retail, commercial, corporate and institutional clients.