Savant Capital LLC Has $1.96 Million Position in HSBC Holdings plc $HSBC

Savant Capital LLC reduced its stake in HSBC Holdings plc (NYSE:HSBC) by 19.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,867 shares of the financial services provider’s stock after selling 6,117 shares during the period. Savant Capital LLC’s holdings in HSBC were worth $1,956,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of HSBC. Sivia Capital Partners LLC increased its holdings in shares of HSBC by 19.0% in the second quarter. Sivia Capital Partners LLC now owns 11,896 shares of the financial services provider’s stock valued at $723,000 after purchasing an additional 1,899 shares during the last quarter. Invesco Ltd. increased its holdings in shares of HSBC by 22.5% in the second quarter. Invesco Ltd. now owns 7,052 shares of the financial services provider’s stock valued at $429,000 after purchasing an additional 1,295 shares during the last quarter. Jump Financial LLC acquired a new position in shares of HSBC in the second quarter valued at $221,000. Cerity Partners LLC boosted its position in shares of HSBC by 3.1% in the second quarter. Cerity Partners LLC now owns 98,708 shares of the financial services provider’s stock valued at $6,000,000 after acquiring an additional 2,940 shares during the period. Finally, Qube Research & Technologies Ltd boosted its position in shares of HSBC by 36.7% in the second quarter. Qube Research & Technologies Ltd now owns 365,570 shares of the financial services provider’s stock valued at $22,223,000 after acquiring an additional 98,048 shares during the period. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HSBC. BNP Paribas Exane cut shares of HSBC from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 14th. The Goldman Sachs Group began coverage on shares of HSBC in a research report on Thursday, March 26th. They issued a “buy” rating for the company. Zacks Research cut shares of HSBC from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Royal Bank Of Canada reissued a “sector perform” rating on shares of HSBC in a research report on Thursday, May 14th. Finally, Weiss Ratings cut shares of HSBC from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $63.00.

HSBC Trading Down 0.0%

HSBC opened at $93.70 on Monday. HSBC Holdings plc has a twelve month low of $58.14 and a twelve month high of $95.22. The company has a 50-day simple moving average of $88.23 and a 200 day simple moving average of $83.34. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $322.00 billion, a price-to-earnings ratio of 15.36, a P/E/G ratio of 0.94 and a beta of 0.56.

HSBC (NYSE:HSBC) last posted its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $0.44 earnings per share for the quarter. HSBC had a net margin of 16.06% and a return on equity of 13.35%. The business had revenue of $19.13 billion during the quarter. Analysts predict that HSBC Holdings plc will post 8.54 EPS for the current fiscal year.

HSBC Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, May 15th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.00 annualized dividend and a yield of 2.1%. HSBC’s dividend payout ratio is currently 32.46%.

Insiders Place Their Bets

In other news, insider Daniel Scott Palomaki sold 23,123 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $18.11, for a total value of $418,757.53. Following the completion of the transaction, the insider owned 4,973 shares of the company’s stock, valued at approximately $90,061.03. This represents a 82.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.01% of the stock is owned by corporate insiders.

Key HSBC News

Here are the key news stories impacting HSBC this week:

• Positive Sentiment: HSBC was highlighted in reports on recent analyst calls, including Morgan Stanley raising its price target on HSBC Holdings, which can support sentiment around the stock. Here’s Why Morgan Stanley Raised the PT on HSBC Holdings (HSBC)
• Positive Sentiment: HSBC also drew attention for its role in investment-bank and markets commentary, including coverage of its outlook on Asia and Japan rate hikes, which suggests management and analysts see ongoing opportunities in key regions. What’s driving HSBC’s call for two BoJ hikes this year?
• Neutral Sentiment: HSBC Continental Europe issued a pre-stabilisation notice for a Swedbank Mortgage covered bond deal; this is a normal capital-markets role and is not likely to materially affect HSBC’s earnings outlook. HSBC Continental Europe: Pre Stabilisation Notice
• Neutral Sentiment: Other mentions, such as HSBC Private Bank’s investment priorities and HSBC-linked fund commentary, appear informational rather than stock-moving for HSBC Holdings itself. HSBC Private Bank reveals its four investment priorities
• Negative Sentiment: Recent consumer-facing headlines about HSBC ISA transfer delays and alleged account issues could weigh on sentiment by raising questions about customer service and operational controls, even if the incidents may be isolated. HSBC ISA transfer chaos: Some savers face six week delays while one says £20,000 disappeared

About HSBC

HSBC Holdings plc (NYSE: HSBC) is a multinational banking and financial services organization headquartered in London. It traces its origins to the Hongkong and Shanghai Banking Corporation, founded in 1865 to facilitate trade between Europe and Asia, and has since grown into one of the world’s largest banking groups. The company is publicly listed in multiple markets, including the London Stock Exchange, the Hong Kong Stock Exchange and as an American depositary receipt on the New York Stock Exchange.

HSBC operates a universal banking model, serving retail, commercial, corporate and institutional clients.