Global Retirement Partners LLC Decreases Position in HSBC Holdings plc (NYSE:HSBC)

Global Retirement Partners LLC cut its stake in HSBC Holdings plc (NYSE:HSBC) by 28.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,987 shares of the financial services provider’s stock after selling 3,608 shares during the quarter. Global Retirement Partners LLC’s holdings in HSBC were worth $406,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. American Century Companies Inc. raised its holdings in HSBC by 4.6% in the 2nd quarter. American Century Companies Inc. now owns 850,842 shares of the financial services provider’s stock valued at $37,012,000 after acquiring an additional 37,781 shares during the last quarter. Natixis Advisors LLC raised its holdings in HSBC by 22.1% in the 2nd quarter. Natixis Advisors LLC now owns 413,789 shares of the financial services provider’s stock valued at $18,000,000 after acquiring an additional 74,980 shares during the last quarter. Raymond James & Associates raised its holdings in HSBC by 2.6% in the 2nd quarter. Raymond James & Associates now owns 361,416 shares of the financial services provider’s stock valued at $15,722,000 after acquiring an additional 9,323 shares during the last quarter. QRG Capital Management Inc. increased its holdings in shares of HSBC by 19.0% during the 2nd quarter. QRG Capital Management Inc. now owns 302,994 shares of the financial services provider’s stock worth $13,180,000 after buying an additional 48,366 shares during the last quarter. Finally, Creative Planning increased its holdings in shares of HSBC by 9.4% during the 3rd quarter. Creative Planning now owns 222,092 shares of the financial services provider’s stock worth $10,036,000 after buying an additional 19,165 shares during the last quarter. 1.48% of the stock is owned by hedge funds and other institutional investors.

HSBC Stock Down 1.2 %

Shares of NYSE HSBC opened at $44.18 on Tuesday. The company has a 50 day simple moving average of $44.04 and a 200-day simple moving average of $43.46. The company has a market capitalization of $165.71 billion, a P/E ratio of 7.62, a P/E/G ratio of 0.89 and a beta of 0.56. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.89 and a quick ratio of 0.96. HSBC Holdings plc has a 1 year low of $35.30 and a 1 year high of $46.07.

HSBC (NYSE:HSBC) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $1.65 earnings per share for the quarter. HSBC had a net margin of 15.61% and a return on equity of 10.60%. The firm had revenue of $16.54 billion during the quarter. On average, equities research analysts predict that HSBC Holdings plc will post 6.22 earnings per share for the current year.

HSBC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 16th were issued a $0.50 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.00 annualized dividend and a yield of 4.53%. HSBC’s dividend payout ratio (DPR) is presently 34.14%.

Analyst Ratings Changes

Separately, Dbs Bank upgraded shares of HSBC to a “strong-buy” rating in a report on Wednesday, July 31st.

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.