SG Americas Securities LLC Sells 7,337 Shares of HSBC Holdings plc $HSBC

SG Americas Securities LLC cut its stake in HSBC Holdings plc (NYSE:HSBC) by 5.1% in the first quarter, HoldingsChannel reports. The fund owned 137,925 shares of the financial services provider’s stock after selling 7,337 shares during the period. SG Americas Securities LLC’s holdings in HSBC were worth $11,377,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Morgan Stanley lifted its holdings in HSBC by 15.3% during the 4th quarter. Morgan Stanley now owns 7,483,883 shares of the financial services provider’s stock worth $588,757,000 after buying an additional 993,473 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of HSBC by 1,272.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 909,464 shares of the financial services provider’s stock valued at $71,548,000 after buying an additional 843,186 shares during the period. Clearbridge Investments LLC raised its position in shares of HSBC by 77.0% during the fourth quarter. Clearbridge Investments LLC now owns 1,443,716 shares of the financial services provider’s stock worth $113,577,000 after acquiring an additional 627,857 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of HSBC by 2.3% during the fourth quarter. Fisher Asset Management LLC now owns 17,800,748 shares of the financial services provider’s stock valued at $1,400,385,000 after acquiring an additional 402,288 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in HSBC by 1.8% in the third quarter. Dimensional Fund Advisors LP now owns 10,575,644 shares of the financial services provider’s stock valued at $750,659,000 after acquiring an additional 185,073 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors and hedge funds.

More HSBC News

Here are the key news stories impacting HSBC this week:

• Positive Sentiment: HSBC said its research and investment views still favor parts of Asia, highlighting China, Japan and South Korea as top picks, while also pointing to potential upside in SK Hynix’s planned U.S. listing. That reinforces HSBC’s role as a major market strategist and deal adviser. Article Title

Insider Activity

In related news, insider Daniel Scott Palomaki sold 23,123 shares of the firm’s 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 sale, the insider directly owned 4,973 shares in the company, valued at $90,061.03. This trade represents a 82.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.01% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

HSBC has been the subject of a number of recent research reports. BNP Paribas Exane downgraded shares of HSBC from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 14th. Zacks Research lowered shares of HSBC from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. Weiss Ratings cut shares of HSBC from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group began coverage on HSBC in a research note on Thursday, March 26th. They issued a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of HSBC in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

HSBC Stock Down 1.3%

Shares of HSBC stock opened at $93.86 on Friday. The company has a market capitalization of $322.58 billion, a P/E ratio of 15.39, a price-to-earnings-growth ratio of 0.85 and a beta of 0.56. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.92 and a quick ratio of 0.92. The business has a 50-day moving average of $91.79 and a two-hundred day moving average of $86.37. HSBC Holdings plc has a 1 year low of $59.92 and a 1 year high of $96.90.

HSBC (NYSE:HSBC) last released its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $0.44 earnings per share for the quarter. HSBC had a return on equity of 13.35% and a net margin of 16.06%.The business had revenue of $19.12 billion for the quarter. As a group, equities analysts predict that HSBC Holdings plc will post 8.6 EPS for the current year.

HSBC Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, May 15th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, May 15th. HSBC’s dividend payout ratio is 32.46%.

HSBC Profile

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.