Natixis Advisors LLC Reduces Holdings in HSBC Holdings plc (NYSE:HSBC)

Natixis Advisors LLC trimmed its position in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 5.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 390,337 shares of the financial services provider's stock after selling 23,452 shares during the quarter. Natixis Advisors LLC's holdings in HSBC were worth $17,639,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Family Firm Inc. purchased a new stake in HSBC in the 2nd quarter valued at $36,000. Ridgewood Investments LLC bought a new position in shares of HSBC during the second quarter valued at about $47,000. Fifth Third Bancorp boosted its holdings in HSBC by 128.4% during the second quarter. Fifth Third Bancorp now owns 1,361 shares of the financial services provider's stock worth $59,000 after purchasing an additional 765 shares during the last quarter. Allworth Financial LP grew its position in HSBC by 40.9% in the 3rd quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider's stock worth $62,000 after purchasing an additional 397 shares in the last quarter. Finally, Addison Advisors LLC increased its stake in HSBC by 39.0% in the 2nd quarter. Addison Advisors LLC now owns 1,458 shares of the financial services provider's stock valued at $63,000 after buying an additional 409 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors.

HSBC Stock Performance

Shares of NYSE:HSBC traded down $0.20 during midday trading on Wednesday, reaching $46.08. The company had a trading volume of 350,979 shares, compared to its average volume of 1,680,850. The stock has a market cap of $101.03 billion, a P/E ratio of 7.63 and a beta of 0.56. The company's 50 day moving average price is $45.00 and its 200 day moving average price is $44.06. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. HSBC Holdings plc has a 52-week low of $36.93 and a 52-week high of $47.56.

HSBC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 8th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend is Friday, November 8th. HSBC's dividend payout ratio is currently 32.73%.

Wall Street Analyst Weigh In

Separately, Dbs Bank raised HSBC to a "strong-buy" rating in a research report on Wednesday, July 31st.

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.