Generali Investments CEE investicni spolecnost a.s. Sells 49,877 Shares of HSBC Holdings plc (NYSE:HSBC)

Generali Investments CEE investicni spolecnost a.s. cut its position in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 38.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 79,616 shares of the financial services provider's stock after selling 49,877 shares during the quarter. Generali Investments CEE investicni spolecnost a.s.'s holdings in HSBC were worth $4,572,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC boosted its position 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. Northern Trust Corp grew 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 worth $137,563,000 after purchasing an additional 951,050 shares during the period. American Century Companies Inc. boosted its stake in shares of HSBC by 4.5% during the 4th quarter. American Century Companies Inc. now owns 937,065 shares of the financial services provider's stock worth $46,347,000 after acquiring an additional 40,388 shares during the period. GAMMA Investing LLC increased its holdings in shares of HSBC by 7,061.5% during the 1st quarter. GAMMA Investing LLC now owns 559,311 shares of the financial services provider's stock worth $321,210,000 after acquiring an additional 551,501 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its stake in HSBC by 26.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 401,960 shares of the financial services provider's stock valued at $19,881,000 after acquiring an additional 85,104 shares during the period. Institutional investors and hedge funds own 1.48% of the company's stock.

Wall Street Analyst Weigh In

HSBC has been the subject of a number of research reports. Bank of America restated a "neutral" rating and set a $63.00 target price on shares of HSBC in a research note on Tuesday, June 3rd. Wall Street Zen upgraded shares of HSBC from a "sell" rating to a "hold" rating in a research report on Tuesday, March 11th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $63.00.

HSBC Trading Up 1.1%

Shares of NYSE HSBC traded up $0.64 during midday trading on Tuesday, reaching $61.57. The stock had a trading volume of 1,437,009 shares, compared to its average volume of 1,757,115. HSBC Holdings plc has a twelve month low of $39.42 and a twelve month high of $61.88. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.93 and a current ratio of 0.93. The company's 50 day moving average price is $59.12 and its 200 day moving average price is $55.49. The firm has a market cap of $216.48 billion, a price-to-earnings ratio of 11.30, a price-to-earnings-growth ratio of 1.92 and a beta of 0.57.

HSBC (NYSE:HSBC - Get Free Report) last issued its earnings results on Tuesday, April 29th. The financial services provider reported $1.95 earnings per share for the quarter, topping analysts' consensus estimates of $1.60 by $0.35. The business had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $16.60 billion. HSBC had a return on equity of 12.55% and a net margin of 14.55%. As a group, sell-side analysts expect that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, May 12th were paid a $0.495 dividend. This represents a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, May 9th. HSBC's dividend payout ratio (DPR) is presently 36.33%.

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.