Generali Investments CEE investicni spolecnost a.s. Trims Stake in HSBC Holdings plc (NYSE:HSBC)

Generali Investments CEE investicni spolecnost a.s. reduced its position in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 38.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,616 shares of the financial services provider's stock after selling 49,877 shares during the period. Generali Investments CEE investicni spolecnost a.s.'s holdings in HSBC were worth $4,572,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Northern Trust Corp grew its position in HSBC by 52.0% in the fourth quarter. Northern Trust Corp now owns 2,781,307 shares of the financial services provider's stock worth $137,563,000 after acquiring an additional 951,050 shares in the last quarter. GAMMA Investing LLC grew its position in HSBC by 7,061.5% in the first 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 in the last quarter. FMR LLC grew its position in HSBC by 18.1% in the fourth quarter. FMR LLC now owns 2,883,238 shares of the financial services provider's stock worth $142,605,000 after acquiring an additional 441,033 shares in the last quarter. Raymond James Financial Inc. purchased a new position in HSBC in the fourth quarter worth $17,815,000. Finally, Contrarian Capital Management L.L.C. bought a new stake in HSBC in the fourth quarter worth $11,914,000. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Bank of America reissued a "neutral" rating and issued a $63.00 price target on shares of HSBC in a research note on Tuesday, June 3rd. Wall Street Zen raised shares of HSBC from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th. Five equities research 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. According to data from MarketBeat.com, HSBC currently has an average rating of "Hold" and an average price target of $63.00.

HSBC Trading Up 0.2%

HSBC stock traded up $0.11 during mid-day trading on Friday, hitting $60.76. The company's stock had a trading volume of 833,049 shares, compared to its average volume of 1,755,414. The stock has a market cap of $213.63 billion, a price-to-earnings ratio of 11.15, a price-to-earnings-growth ratio of 1.91 and a beta of 0.57. The business has a 50 day moving average price of $58.94 and a 200-day moving average price of $55.26. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.93 and a quick ratio of 0.93. HSBC Holdings plc has a 12 month low of $39.42 and a 12 month high of $61.88.

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

HSBC Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, May 12th were paid a dividend of $0.495 per share. 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 36.33%.

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.