Cerity Partners LLC Decreases Holdings in HSBC Holdings plc (NYSE:HSBC)

Cerity Partners LLC trimmed its position in HSBC Holdings plc (NYSE:HSBC - Free Report) by 14.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,447 shares of the financial services provider's stock after selling 13,689 shares during the quarter. Cerity Partners LLC's holdings in HSBC were worth $3,705,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of HSBC. Seven Mile Advisory increased its holdings in HSBC by 3.6% in the 4th quarter. Seven Mile Advisory now owns 5,405 shares of the financial services provider's stock valued at $267,000 after buying an additional 190 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of HSBC by 58.2% in the 4th quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 210 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position 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 period. Horizon Investments LLC lifted its holdings in HSBC by 1.4% during the 4th quarter. Horizon Investments LLC now owns 17,302 shares of the financial services provider's stock worth $856,000 after buying an additional 245 shares during the period. Finally, Sonoma Private Wealth LLC boosted its holdings in HSBC by 3.9% in the fourth 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. 1.48% of the stock is owned by institutional investors.

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HSBC Stock Performance

Shares of NYSE HSBC traded up $1.14 during midday trading on Tuesday, reaching $52.18. The company's stock had a trading volume of 2,588,176 shares, compared to its average volume of 1,748,967. The firm has a 50 day moving average price of $55.53 and a 200-day moving average price of $50.39. The stock has a market capitalization of $185.80 billion, a P/E ratio of 8.42, a PEG ratio of 1.05 and a beta of 0.40. HSBC Holdings plc has a 12-month low of $39.42 and a 12-month 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.

HSBC (NYSE:HSBC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.41 by $0.04. HSBC had a net margin of 16.17% and a return on equity of 12.20%. The business had revenue of $11.56 billion for the quarter, compared to analyst estimates of $13.79 billion. As a group, equities analysts predict that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be issued a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 13.80%. The ex-dividend date is Friday, March 7th. HSBC's dividend payout ratio (DPR) is presently 115.81%.

Analyst Ratings Changes

HSBC has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lowered HSBC from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. UBS Group reaffirmed a "neutral" rating on shares of HSBC in a research report on Thursday, March 6th. Barclays upgraded shares of HSBC from an "equal weight" rating to an "overweight" rating in a report on Tuesday, March 4th. Royal Bank of Canada reiterated a "sector perform" rating on shares of HSBC in a research note on Monday, February 3rd. Finally, StockNews.com upgraded HSBC from a "sell" rating to a "hold" rating in a report on Tuesday, March 11th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, HSBC presently has an average rating of "Moderate Buy".

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.