HSBC Holdings plc (NYSE:HSBC) Shares Sold by Sivia Capital Partners LLC

Sivia Capital Partners LLC lowered its position in shares of HSBC Holdings plc (NYSE:HSBC) by 10.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,250 shares of the financial services provider’s stock after selling 834 shares during the period. Sivia Capital Partners LLC’s holdings in HSBC were worth $285,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of HSBC. Richardson Financial Services Inc. purchased a new stake in HSBC in the fourth quarter valued at $27,000. Rise Advisors LLC purchased a new stake in shares of HSBC in the first quarter valued at about $34,000. Addison Advisors LLC raised its holdings in shares of HSBC by 74.8% in the fourth quarter. Addison Advisors LLC now owns 895 shares of the financial services provider’s stock valued at $36,000 after buying an additional 383 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of HSBC by 38.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 940 shares of the financial services provider’s stock valued at $38,000 after buying an additional 263 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in shares of HSBC by 198.4% in the fourth quarter. Assetmark Inc. now owns 2,295 shares of the financial services provider’s stock valued at $93,000 after buying an additional 1,526 shares during the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Stock Performance

NYSE HSBC traded down $0.12 during trading hours on Wednesday, hitting $43.96. 926,317 shares of the stock were exchanged, compared to its average volume of 1,944,770. The company has a market cap of $164.89 billion, a price-to-earnings ratio of 7.59, a price-to-earnings-growth ratio of 1.04 and a beta of 0.58. HSBC Holdings plc has a 12-month low of $35.30 and a 12-month high of $45.46. The stock has a 50-day moving average of $43.95 and a 200 day moving average of $41.04. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.51.

HSBC (NYSE:HSBC) last posted its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter. HSBC had a net margin of 16.13% and a return on equity of 10.80%. The firm had revenue of $20.75 billion during the quarter. As a group, equities research analysts forecast that HSBC Holdings plc will post 6.35 earnings per share for the current year.

HSBC Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, May 10th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $2.00 annualized dividend and a yield of 4.55%. HSBC’s payout ratio is currently 34.14%.

Analyst Ratings Changes

Separately, Barclays reaffirmed an “equal weight” rating on shares of HSBC in a report on Wednesday, March 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $761.75.

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.