Vident Advisory LLC Sells 221 Shares of HSBC Holdings plc (NYSE:HSBC)

Vident Advisory LLC lowered its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 63,087 shares of the financial services provider’s stock after selling 221 shares during the quarter. Vident Advisory LLC’s holdings in HSBC were worth $3,121,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HSBC. Northern Trust Corp lifted its holdings in HSBC by 52.0% during the fourth quarter. Northern Trust Corp now owns 2,781,307 shares of the financial services provider’s stock valued at $137,563,000 after purchasing an additional 951,050 shares during the last quarter. FMR LLC lifted its holdings in HSBC by 18.1% during the fourth quarter. FMR LLC now owns 2,883,238 shares of the financial services provider’s stock valued at $142,605,000 after purchasing an additional 441,033 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in HSBC during the fourth quarter valued at about $17,815,000. Contrarian Capital Management L.L.C. purchased a new stake in HSBC during the fourth quarter valued at about $11,914,000. Finally, Bank of New York Mellon Corp lifted its holdings in HSBC by 135.6% during the fourth quarter. Bank of New York Mellon Corp now owns 347,565 shares of the financial services provider’s stock valued at $17,191,000 after purchasing an additional 200,054 shares during the last quarter. 1.48% of the stock is owned by hedge funds and other institutional investors.

HSBC Trading Up 0.5%

Shares of HSBC stock opened at $59.97 on Wednesday. The company’s 50-day moving average price is $55.29 and its 200-day moving average price is $52.37. The company has a market cap of $211.97 billion, a price-to-earnings ratio of 9.67, a PEG ratio of 1.05 and a beta of 0.53. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69. HSBC Holdings plc has a 12-month low of $39.42 and a 12-month high of $61.88.

HSBC (NYSE:HSBC) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.35. The business had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $16.60 billion. HSBC had a net margin of 16.17% and a return on equity of 12.20%. On average, equities analysts expect that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, May 12th will be given a dividend of $0.495 per share. This represents a yield of 3.5%. The ex-dividend date of this dividend is Friday, May 9th. HSBC’s payout ratio is currently 36.33%.

Analyst Upgrades and Downgrades

Several research firms have commented on HSBC. Deutsche Bank Aktiengesellschaft downgraded shares of HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Royal Bank of Canada reissued a “sector perform” rating on shares of HSBC in a report on Monday, February 3rd. Barclays raised shares of HSBC from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. UBS Group reissued a “neutral” rating on shares of HSBC in a report on Thursday, March 6th. Finally, StockNews.com raised shares of HSBC from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

About HSBC

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.