HSBC Holdings plc (NYSE:HSBC) Shares Sold by Clarius Group LLC

Clarius Group LLC decreased its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 15.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,572 shares of the financial services provider’s stock after selling 2,642 shares during the period. Clarius Group LLC’s holdings in HSBC were worth $634,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Foresight Capital Management Advisors Inc. grew its stake in shares of HSBC by 3.3% in the 2nd quarter. Foresight Capital Management Advisors Inc. now owns 27,183 shares of the financial services provider’s stock worth $1,182,000 after purchasing an additional 880 shares during the last quarter. Richard P Slaughter Associates Inc boosted its holdings in shares of HSBC by 4.4% in the second quarter. Richard P Slaughter Associates Inc now owns 38,245 shares of the financial services provider’s stock worth $1,664,000 after buying an additional 1,614 shares during the period. Aprio Wealth Management LLC boosted its holdings in shares of HSBC by 56.6% in the second quarter. Aprio Wealth Management LLC now owns 8,482 shares of the financial services provider’s stock worth $369,000 after buying an additional 3,065 shares during the period. Linden Thomas Advisory Services LLC boosted its holdings in shares of HSBC by 19.2% in the second quarter. Linden Thomas Advisory Services LLC now owns 6,837 shares of the financial services provider’s stock worth $297,000 after buying an additional 1,103 shares during the period. Finally, Five Oceans Advisors boosted its holdings in shares of HSBC by 20.3% in the second quarter. Five Oceans Advisors now owns 9,572 shares of the financial services provider’s stock worth $416,000 after buying an additional 1,613 shares during the period. Institutional investors and hedge funds own 1.48% of the company’s stock.

Analysts Set New Price Targets

Separately, Dbs Bank upgraded shares of HSBC to a “strong-buy” rating in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $825.00.

HSBC Stock Performance

Shares of NYSE:HSBC traded up $0.08 during trading on Friday, reaching $41.30. The stock had a trading volume of 209,029 shares, compared to its average volume of 1,885,143. HSBC Holdings plc has a 52 week low of $35.30 and a 52 week high of $45.53. The firm has a market capitalization of $154.91 billion, a price-to-earnings ratio of 7.11, a P/E/G ratio of 0.92 and a beta of 0.58. The company has a quick ratio of 0.96, a current ratio of 0.89 and a debt-to-equity ratio of 0.65. The stock has a fifty day simple moving average of $43.39 and a two-hundred day simple moving average of $41.62.

HSBC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 16th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date is Friday, August 16th. HSBC’s dividend payout ratio (DPR) is currently 34.14%.

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.