HSBC Holdings plc (NYSE:HSBC) Shares Sold by Raelipskie Partnership

Raelipskie Partnership reduced its position in HSBC Holdings plc (NYSE:HSBC) by 4.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,086 shares of the financial services provider’s stock after selling 1,600 shares during the period. Raelipskie Partnership’s holdings in HSBC were worth $1,352,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. raised its position in HSBC by 1,331.2% during the second quarter. Blue Trust Inc. now owns 8,344 shares of the financial services provider’s stock worth $363,000 after acquiring an additional 7,761 shares during the last quarter. Cordatus Wealth Management LLC purchased a new stake in HSBC in the 2nd quarter valued at approximately $505,000. Mcdonald Partners LLC grew its holdings in HSBC by 6.2% during the 2nd quarter. Mcdonald Partners LLC now owns 20,726 shares of the financial services provider’s stock valued at $902,000 after buying an additional 1,211 shares during the last quarter. 180 Wealth Advisors LLC increased its position in HSBC by 5.9% during the second quarter. 180 Wealth Advisors LLC now owns 6,036 shares of the financial services provider’s stock worth $262,000 after buying an additional 338 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in shares of HSBC by 29.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 19,079 shares of the financial services provider’s stock worth $830,000 after acquiring an additional 4,337 shares during the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Trading Up 1.0 %

NYSE:HSBC traded up $0.43 on Friday, hitting $42.76. 1,198,222 shares of the stock were exchanged, compared to its average volume of 1,870,844. The stock has a fifty day moving average of $43.10 and a 200-day moving average of $41.76. The stock has a market cap of $160.39 billion, a PE ratio of 7.37, a PEG ratio of 0.92 and a beta of 0.58. The company has a current ratio of 0.89, a quick ratio of 0.96 and a debt-to-equity ratio of 0.65. HSBC Holdings plc has a fifty-two week low of $35.30 and a fifty-two week high of $45.53.

HSBC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 16th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.00 annualized dividend and a dividend yield of 4.68%. HSBC’s payout ratio is 34.14%.

Analyst Upgrades and Downgrades

Separately, Dbs Bank upgraded shares of HSBC to a “strong-buy” rating in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

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.