HSBC Holdings plc (NYSE:HSBC) Shares Sold by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC lowered its stake in HSBC Holdings plc (NYSE:HSBC) by 74.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,334 shares of the financial services provider’s stock after selling 45,220 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in HSBC were worth $758,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Venturi Wealth Management LLC lifted its holdings in HSBC by 58.2% in the fourth quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 210 shares during the period. Huntington National Bank lifted its holdings in HSBC by 11.9% in the 3rd quarter. Huntington National Bank now owns 2,122 shares of the financial services provider’s stock valued at $96,000 after acquiring an additional 226 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in HSBC by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 21,909 shares of the financial services provider’s stock valued at $990,000 after acquiring an additional 235 shares during the last quarter. Sonoma Private Wealth LLC lifted its holdings in HSBC by 3.9% in the 4th quarter. Sonoma Private Wealth LLC now owns 6,635 shares of the financial services provider’s stock valued at $328,000 after acquiring an additional 250 shares during the last quarter. Finally, Abel Hall LLC lifted its holdings in HSBC by 4.3% in the 3rd quarter. Abel Hall LLC now owns 6,221 shares of the financial services provider’s stock valued at $281,000 after acquiring an additional 257 shares during the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

Wall Street Analysts Forecast Growth

HSBC has been the subject of a number of research analyst reports. StockNews.com raised shares of HSBC from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. UBS Group restated a “neutral” rating on shares of HSBC in a report on Thursday, March 6th. Deutsche Bank Aktiengesellschaft downgraded HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Royal Bank of Canada restated a “sector perform” rating on shares of HSBC in a report on Monday, February 3rd. Finally, Barclays upgraded HSBC from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. Four analysts have rated the stock with a hold rating, one has issued 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 “Moderate Buy”.

HSBC Price Performance

Shares of HSBC opened at $57.08 on Friday. The company has a market capitalization of $203.60 billion, a price-to-earnings ratio of 9.21, a P/E/G ratio of 1.05 and a beta of 0.51. HSBC Holdings plc has a fifty-two week low of $38.34 and a fifty-two week high of $61.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.96. The business’s 50-day moving average is $53.97 and its 200-day moving average is $48.74.

HSBC (NYSE:HSBC) last issued its earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.04. The company had revenue of $11.56 billion for the quarter, compared to the consensus estimate of $13.79 billion. HSBC had a return on equity of 12.20% and a net margin of 16.17%. Equities research analysts expect that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 7th will be issued a $1.80 dividend. The ex-dividend date is Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 12.61%. HSBC’s dividend payout ratio is 115.81%.

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.