Y Intercept Hong Kong Ltd Decreases Stake in HSBC Holdings plc (NYSE:HSBC)

Y Intercept Hong Kong Ltd lowered its holdings in HSBC Holdings plc (NYSE:HSBC - Free Report) by 21.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,590 shares of the financial services provider's stock after selling 9,901 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in HSBC were worth $1,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Callan Capital LLC grew its holdings in shares of HSBC by 17.7% in the fourth quarter. Callan Capital LLC now owns 9,013 shares of the financial services provider's stock worth $446,000 after acquiring an additional 1,355 shares during the period. Sunpointe LLC bought a new stake in shares of HSBC in the fourth quarter worth $211,000. Ieq Capital LLC grew its holdings in shares of HSBC by 8.6% in the fourth quarter. Ieq Capital LLC now owns 16,126 shares of the financial services provider's stock worth $798,000 after acquiring an additional 1,278 shares during the period. Private Advisor Group LLC grew its holdings in shares of HSBC by 4.5% in the fourth quarter. Private Advisor Group LLC now owns 27,920 shares of the financial services provider's stock worth $1,381,000 after acquiring an additional 1,205 shares during the period. Finally, Werba Rubin Papier Wealth Management grew its holdings in HSBC by 12.3% during the fourth quarter. Werba Rubin Papier Wealth Management now owns 6,333 shares of the financial services provider's stock valued at $313,000 after purchasing an additional 693 shares during the period. Institutional investors own 1.48% of the company's stock.

Wall Street Analyst Weigh In

HSBC has been the subject of several recent research reports. Royal Bank of Canada reissued a "sector perform" rating on shares of HSBC in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft lowered HSBC from a "buy" rating to a "hold" rating in a report on Monday, February 3rd.

HSBC Price Performance

Shares of NYSE HSBC traded up $1.70 during mid-day trading on Friday, reaching $59.89. The company's stock had a trading volume of 24,034,779 shares, compared to its average volume of 2,470,176. The firm has a market capitalization of $214.49 billion, a PE ratio of 9.66, a P/E/G ratio of 1.05 and a beta of 0.54. 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 stock has a fifty day moving average of $52.22 and a two-hundred day moving average of $47.67. HSBC Holdings plc has a 52 week low of $36.93 and a 52 week high of $59.91.

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

HSBC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 7th will be paid a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 12.02%. The ex-dividend date of this dividend is Friday, March 7th. HSBC's dividend payout ratio (DPR) is 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.