Cwm LLC Has $6.59 Million Stock Holdings in HSBC Holdings plc (NYSE:HSBC)

Cwm LLC decreased its position in shares of HSBC Holdings plc (NYSE:HSBC) by 5.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 167,453 shares of the financial services provider’s stock after selling 10,382 shares during the quarter. Cwm LLC’s holdings in HSBC were worth $6,591,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of HSBC. Dimensional Fund Advisors LP lifted its holdings in HSBC by 3.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,621,349 shares of the financial services provider’s stock worth $471,129,000 after buying an additional 376,641 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of HSBC by 39.4% in the 3rd quarter. American Century Companies Inc. now owns 698,250 shares of the financial services provider’s stock valued at $27,553,000 after purchasing an additional 197,283 shares during the period. Ramirez Asset Management Inc. acquired a new position in shares of HSBC in the 3rd quarter valued at $4,384,000. Qube Research & Technologies Ltd acquired a new position in shares of HSBC in the 3rd quarter valued at $3,239,000. Finally, QRG Capital Management Inc. lifted its stake in shares of HSBC by 48.0% in the 4th quarter. QRG Capital Management Inc. now owns 251,509 shares of the financial services provider’s stock valued at $10,196,000 after purchasing an additional 81,567 shares during the period. Institutional investors and hedge funds own 1.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barclays reissued an “equal weight” rating on shares of HSBC in a research note on Wednesday, March 27th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $761.75.

HSBC Stock Performance

Shares of HSBC stock opened at $43.72 on Thursday. The company has a market capitalization of $163.99 billion, a PE ratio of 7.54, a PEG ratio of 1.05 and a beta of 0.58. HSBC Holdings plc has a 12 month low of $35.30 and a 12 month high of $45.46. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51. The stock’s fifty day simple moving average is $43.38 and its 200 day simple moving average is $40.72.

HSBC (NYSE:HSBC) last released its earnings results on Tuesday, April 30th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter. The firm had revenue of $20.75 billion during the quarter. HSBC had a return on equity of 10.80% and a net margin of 16.13%. On average, research analysts predict that HSBC Holdings plc will post 6.35 EPS for the current year.

HSBC Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date is Thursday, May 9th. HSBC’s dividend payout ratio (DPR) is presently 34.14%.

HSBC Company 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.