HSBC Holdings plc (NYSE:HSBC) Shares Sold by West Family Investments Inc.

West Family Investments Inc. lowered its stake in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 78.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,444 shares of the financial services provider's stock after selling 45,709 shares during the period. West Family Investments Inc.'s holdings in HSBC were worth $562,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Ignite Planners LLC boosted its holdings in HSBC by 1.3% in the third quarter. Ignite Planners LLC now owns 17,427 shares of the financial services provider's stock worth $788,000 after acquiring an additional 225 shares in the last quarter. Huntington National Bank lifted its stake in HSBC by 11.9% in the 3rd quarter. Huntington National Bank now owns 2,122 shares of the financial services provider's stock worth $96,000 after purchasing an additional 226 shares in the last quarter. Drive Wealth Management LLC increased its position in HSBC by 4.5% in the second quarter. Drive Wealth Management LLC now owns 6,364 shares of the financial services provider's stock worth $277,000 after purchasing an additional 273 shares during the last quarter. Dynamic Advisor Solutions LLC increased its position in HSBC by 2.3% during the third quarter. Dynamic Advisor Solutions LLC now owns 11,990 shares of the financial services provider's stock valued at $542,000 after acquiring an additional 273 shares during the last quarter. Finally, Crumly & Associates Inc. lifted its stake in shares of HSBC by 1.8% during the 2nd quarter. Crumly & Associates Inc. now owns 15,970 shares of the financial services provider's stock worth $695,000 after acquiring an additional 287 shares during the last quarter. Hedge funds and other institutional investors own 1.48% of the company's stock.

HSBC Stock Down 0.4 %

HSBC stock traded down $0.17 during mid-day trading on Tuesday, reaching $46.29. 874,678 shares of the company's stock were exchanged, compared to its average volume of 1,686,839. HSBC Holdings plc has a twelve month low of $36.93 and a twelve month high of $47.56. The company has a fifty day moving average of $44.94 and a 200-day moving average of $44.05. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.52. The company has a market cap of $101.48 billion, a P/E ratio of 7.65 and a beta of 0.56.

HSBC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 8th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 4.32%. HSBC's dividend payout ratio (DPR) is 32.73%.

Wall Street Analyst Weigh In

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

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.