Catalyst Capital Advisors LLC Trims Stake in HSBC Holdings plc $HSBC

Catalyst Capital Advisors LLC cut its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 4.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 57,805 shares of the financial services provider’s stock after selling 2,675 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in HSBC were worth $3,514,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Westover Capital Advisors LLC increased its stake in shares of HSBC by 2.5% during the first quarter. Westover Capital Advisors LLC now owns 8,150 shares of the financial services provider’s stock valued at $468,000 after buying an additional 200 shares during the period. Contravisory Investment Management Inc. grew its stake in HSBC by 4.4% in the second quarter. Contravisory Investment Management Inc. now owns 4,972 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 210 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of HSBC by 1.3% in the 1st quarter. Smartleaf Asset Management LLC now owns 17,094 shares of the financial services provider’s stock worth $988,000 after buying an additional 223 shares during the last quarter. TD Private Client Wealth LLC grew its position in shares of HSBC by 101.7% in the 2nd quarter. TD Private Client Wealth LLC now owns 464 shares of the financial services provider’s stock worth $28,000 after buying an additional 234 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in shares of HSBC by 32.1% in the 1st quarter. Larson Financial Group LLC now owns 1,024 shares of the financial services provider’s stock worth $59,000 after buying an additional 249 shares during the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

HSBC Trading Down 0.2%

Shares of NYSE:HSBC opened at $66.31 on Friday. HSBC Holdings plc has a 1 year low of $44.24 and a 1 year high of $72.21. The firm has a market capitalization of $228.79 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 1.75 and a beta of 0.62. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.86 and a quick ratio of 0.93. The business’s 50 day moving average price is $67.40 and its 200-day moving average price is $61.88.

HSBC (NYSE:HSBC) last announced 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. The firm had revenue of $16.90 billion for the quarter, compared to analyst estimates of $16.64 billion. HSBC had a return on equity of 12.73% and a net margin of 13.48%. On average, equities research analysts forecast that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Dividend Announcement

The company also recently disclosed 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 was Friday, August 15th. This represents a $1.98 dividend on an annualized basis and a yield of 3.0%. HSBC’s dividend payout ratio (DPR) is presently 39.21%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. BNP Paribas raised shares of HSBC from a “strong sell” rating to a “strong-buy” rating in a report on Friday, September 5th. BNP Paribas Exane upgraded HSBC from an “underperform” rating to an “outperform” rating in a research note on Friday, September 5th. Jefferies Financial Group restated a “hold” rating on shares of HSBC in a research note on Friday, October 10th. Weiss Ratings restated a “hold (c)” rating on shares of HSBC in a research note on Wednesday, October 8th. Finally, Citigroup restated a “buy” rating on shares of HSBC in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, HSBC presently has a consensus rating of “Hold” and a consensus target price of $63.00.

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.