Fmr LLC trimmed its position in shares of HSBC Holdings PLC (NYSE:HSBC) by 4.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,290,396 shares of the financial services provider’s stock after selling 160,037 shares during the period. Fmr LLC owned about 0.08% of HSBC Holdings PLC worth $152,642,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. Fisher Asset Management LLC raised its holdings in shares of HSBC Holdings PLC by 4.0% during the second quarter. Fisher Asset Management LLC now owns 13,533,107 shares of the financial services provider’s stock worth $627,801,000 after acquiring an additional 516,291 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of HSBC Holdings PLC by 3.6% during the first quarter. Dimensional Fund Advisors LP now owns 13,211,121 shares of the financial services provider’s stock worth $539,278,000 after acquiring an additional 454,788 shares in the last quarter. Aperio Group LLC raised its holdings in shares of HSBC Holdings PLC by 8.6% during the second quarter. Aperio Group LLC now owns 1,254,663 shares of the financial services provider’s stock worth $58,204,000 after acquiring an additional 99,776 shares in the last quarter. MAVEN SECURITIES Ltd raised its holdings in shares of HSBC Holdings PLC by 1.8% during the first quarter. MAVEN SECURITIES Ltd now owns 835,567 shares of the financial services provider’s stock worth $34,092,000 after acquiring an additional 14,745 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of HSBC Holdings PLC by 5.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 355,196 shares of the financial services provider’s stock worth $16,478,000 after acquiring an additional 17,737 shares in the last quarter. Institutional investors and hedge funds own 2.23% of the company’s stock.

HSBC Holdings PLC (NYSE:HSBC) opened at 49.68 on Friday. The firm has a market capitalization of $201.40 billion, a P/E ratio of 101.39 and a beta of 0.87. HSBC Holdings PLC has a 52-week low of $36.79 and a 52-week high of $50.86. The firm’s 50-day moving average is $48.37 and its 200 day moving average is $45.33.

HSBC Holdings PLC (NYSE:HSBC) last issued its quarterly earnings results on Monday, July 31st. The financial services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.87 by $0.08. HSBC Holdings PLC had a net margin of 1.42% and a return on equity of 2.08%. The firm had revenue of $13.17 billion for the quarter. Equities analysts anticipate that HSBC Holdings PLC will post $2.95 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Friday, August 4th were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, August 2nd. This represents a $2.00 annualized dividend and a yield of 4.03%. HSBC Holdings PLC’s dividend payout ratio (DPR) is presently 400.01%.

HSBC has been the subject of several recent research reports. Zacks Investment Research upgraded HSBC Holdings PLC from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Wednesday, August 2nd. BidaskClub upgraded HSBC Holdings PLC from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Jefferies Group LLC initiated coverage on HSBC Holdings PLC in a report on Monday, September 4th. They set a “buy” rating for the company. Finally, Berenberg Bank lowered HSBC Holdings PLC from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $36.00.

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About HSBC Holdings PLC

HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.

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Institutional Ownership by Quarter for HSBC Holdings PLC (NYSE:HSBC)

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