HSBC Holdings plc (NYSE:HSBC) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its stake in HSBC Holdings plc (NYSE:HSBC - Free Report) by 35.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 193,118 shares of the financial services provider's stock after selling 105,466 shares during the period. Envestnet Asset Management Inc.'s holdings in HSBC were worth $9,552,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in HSBC. Wealthstar Advisors LLC bought a new position in shares of HSBC in the 4th quarter valued at about $664,000. Entropy Technologies LP bought a new position in shares of HSBC during the 4th quarter valued at approximately $701,000. Ritholtz Wealth Management boosted its stake in HSBC by 12.3% during the fourth quarter. Ritholtz Wealth Management now owns 141,108 shares of the financial services provider's stock worth $6,979,000 after buying an additional 15,510 shares during the period. Orion Portfolio Solutions LLC raised its stake in shares of HSBC by 23.2% in the fourth quarter. Orion Portfolio Solutions LLC now owns 41,933 shares of the financial services provider's stock valued at $2,074,000 after acquiring an additional 7,908 shares during the period. Finally, Perigon Wealth Management LLC purchased a new position in shares of HSBC during the 4th quarter worth about $244,000. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

HSBC Stock Down 1.3 %

Shares of NYSE:HSBC traded down $0.71 during trading hours on Thursday, hitting $55.30. The company's stock had a trading volume of 560,145 shares, compared to its average volume of 1,744,380. The firm's fifty day moving average price is $55.38 and its 200 day moving average price is $50.68. 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 company has a market capitalization of $196.92 billion, a price-to-earnings ratio of 8.92, a P/E/G ratio of 1.05 and a beta of 0.40. HSBC Holdings plc has a 52 week low of $39.42 and a 52 week high of $61.88.

HSBC (NYSE:HSBC - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.04. The company had revenue of $11.56 billion during the quarter, compared to analysts' expectations of $13.79 billion. HSBC had a return on equity of 12.20% and a net margin of 16.17%. As a group, research analysts expect that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Announces Dividend

The company also recently declared 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 13.02%. The ex-dividend date of this dividend is Friday, March 7th. HSBC's dividend payout ratio (DPR) is presently 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.