Corient Private Wealth LLC Has $3.75 Million Stake in HSBC Holdings plc $HSBC

Corient Private Wealth LLC trimmed its stake in HSBC Holdings plc (NYSE:HSBC) by 11.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 47,641 shares of the financial services provider’s stock after selling 6,463 shares during the quarter. Corient Private Wealth LLC’s holdings in HSBC were worth $3,748,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HSBC. Sivia Capital Partners LLC increased its position in shares of HSBC by 19.0% during the 2nd quarter. Sivia Capital Partners LLC now owns 11,896 shares of the financial services provider’s stock worth $723,000 after purchasing an additional 1,899 shares in the last quarter. Invesco Ltd. boosted its position in HSBC by 22.5% in the second quarter. Invesco Ltd. now owns 7,052 shares of the financial services provider’s stock valued at $429,000 after buying an additional 1,295 shares in the last quarter. Jump Financial LLC bought a new stake in HSBC during the second quarter worth about $221,000. Cerity Partners LLC raised its stake in shares of HSBC by 3.1% in the second quarter. Cerity Partners LLC now owns 98,708 shares of the financial services provider’s stock valued at $6,000,000 after acquiring an additional 2,940 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its stake in shares of HSBC by 36.7% in the second quarter. Qube Research & Technologies Ltd now owns 365,570 shares of the financial services provider’s stock valued at $22,223,000 after acquiring an additional 98,048 shares during the last quarter. 1.48% of the stock is owned by institutional investors.

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

HSBC Stock Down 1.3%

NYSE:HSBC opened at $93.86 on Friday. The company has a market cap of $322.58 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 0.83 and a beta of 0.56. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.92 and a current ratio of 0.92. The stock’s fifty day moving average price is $91.79 and its two-hundred day moving average price is $86.37. HSBC Holdings plc has a 52-week low of $59.92 and a 52-week high of $96.90.

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

HSBC Cuts Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently commented on HSBC shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of HSBC in a research report on Tuesday. BNP Paribas Exane lowered HSBC from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 14th. Weiss Ratings cut HSBC from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. The Goldman Sachs Group started coverage on HSBC in a research note on Thursday, March 26th. They issued a “buy” rating for the company. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of HSBC in a research report on Thursday, May 14th. Five research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Insider Activity at HSBC

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

HSBC Company 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.