Earnest Partners LLC Sells 230 Shares of HSBC Holdings plc (NYSE:HSBC)

Earnest Partners LLC lessened its holdings in HSBC Holdings plc (NYSE:HSBC) by 0.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,330 shares of the financial services provider’s stock after selling 230 shares during the quarter. Earnest Partners LLC’s holdings in HSBC were worth $1,745,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. 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 during the period. Raymond James & Associates lifted its holdings in HSBC by 3.6% in the first quarter. Raymond James & Associates now owns 352,093 shares of the financial services provider’s stock valued at $13,858,000 after buying an additional 12,313 shares during the period. QRG Capital Management Inc. boosted its position in HSBC by 1.2% during the first quarter. QRG Capital Management Inc. now owns 254,628 shares of the financial services provider’s stock valued at $10,022,000 after acquiring an additional 3,119 shares during the last quarter. Meritage Portfolio Management raised its position in shares of HSBC by 6.9% in the 4th quarter. Meritage Portfolio Management now owns 247,629 shares of the financial services provider’s stock worth $10,039,000 after acquiring an additional 16,015 shares in the last quarter. Finally, CWM LLC raised its position in shares of HSBC by 3,518.2% in the 4th quarter. CWM LLC now owns 177,835 shares of the financial services provider’s stock worth $7,209,000 after acquiring an additional 172,920 shares in the last quarter. 1.48% of the stock is currently owned by institutional investors and hedge funds.

HSBC Trading Up 0.7 %

HSBC stock traded up $0.32 during mid-day trading on Tuesday, reaching $43.62. The company’s stock had a trading volume of 500,959 shares, compared to its average volume of 1,846,821. The company has a market cap of $163.61 billion, a price-to-earnings ratio of 7.47, a price-to-earnings-growth ratio of 1.02 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 business’s 50 day moving average price is $43.75 and its 200 day moving average price is $41.46. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51.

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 company had revenue of $20.75 billion for the quarter. HSBC had a net margin of 16.13% and a return on equity of 10.80%. On average, equities research analysts predict that HSBC Holdings plc will post 6.4 EPS for the current year.

About HSBC

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.