Cwm LLC Lowers Position in HSBC Holdings plc (NYSE:HSBC)

Cwm LLC lessened its position in HSBC Holdings plc (NYSE:HSBC) by 4.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 152,288 shares of the financial services provider’s stock after selling 6,698 shares during the quarter. Cwm LLC’s holdings in HSBC were worth $6,882,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in HSBC. Richardson Financial Services Inc. bought a new position in HSBC during the 4th quarter valued at approximately $27,000. Family Firm Inc. bought a new position in HSBC during the 2nd quarter valued at approximately $36,000. Rise Advisors LLC bought a new position in HSBC during the 1st quarter valued at approximately $34,000. RFP Financial Group LLC increased its position in HSBC by 126.1% during the 1st quarter. RFP Financial Group LLC now owns 1,031 shares of the financial services provider’s stock valued at $41,000 after buying an additional 575 shares in the last quarter. Finally, Ridgewood Investments LLC bought a new position in HSBC during the 2nd quarter valued at approximately $47,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Dbs Bank raised HSBC to a “strong-buy” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold”.

HSBC Stock Up 0.2 %

HSBC stock opened at $44.35 on Friday. The firm has a market cap of $162.98 billion, a price-to-earnings ratio of 7.65, a PEG ratio of 0.89 and a beta of 0.56. The stock has a fifty day simple moving average of $43.65 and a two-hundred day simple moving average of $43.21. HSBC Holdings plc has a 12 month low of $35.30 and a 12 month high of $46.07. 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 (NYSE:HSBC) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $1.65 EPS for the quarter. The business had revenue of $16.54 billion during the quarter. HSBC had a return on equity of 10.60% and a net margin of 15.61%. Equities analysts predict that HSBC Holdings plc will post 6.22 EPS for the current fiscal year.

HSBC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 16th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date was Friday, August 16th. HSBC’s payout ratio is 34.14%.

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.