Frank Rimerman Advisors LLC Has $758,000 Stake in HSBC Holdings plc (NYSE:HSBC)

Frank Rimerman Advisors LLC cut its stake in HSBC Holdings plc (NYSE:HSBC - Free Report) by 74.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,334 shares of the financial services provider's stock after selling 45,220 shares during the period. Frank Rimerman Advisors LLC's holdings in HSBC were worth $758,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Berbice Capital Management LLC bought a new stake in shares of HSBC in the fourth quarter worth $25,000. Venturi Wealth Management LLC increased its stake in 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 buying an additional 210 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in HSBC during the 4th quarter worth about $30,000. Larson Financial Group LLC grew its holdings in shares of HSBC by 138.5% in the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 450 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of HSBC in the fourth quarter valued at about $49,000. Institutional investors own 1.48% of the company's stock.

Wall Street Analyst Weigh In

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

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HSBC Stock Performance

HSBC traded down $1.24 during trading hours on Thursday, reaching $57.62. The company's stock had a trading volume of 3,286,360 shares, compared to its average volume of 2,674,102. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88. The company's 50-day moving average is $54.53 and its 200-day moving average is $49.04. HSBC Holdings plc has a 52 week low of $38.94 and a 52 week high of $61.88. The firm has a market cap of $205.17 billion, a PE ratio of 9.29, a price-to-earnings-growth ratio of 1.05 and a beta of 0.51.

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

HSBC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 7th will be given a $1.80 dividend. This represents a $7.20 annualized dividend and a dividend yield of 12.50%. The ex-dividend date is Friday, March 7th. HSBC's payout ratio is 115.81%.

HSBC 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.