Catalyst Capital Advisors LLC Sells 4,325 Shares of HSBC Holdings plc (NYSE:HSBC)

Catalyst Capital Advisors LLC trimmed its position in HSBC Holdings plc (NYSE:HSBC - Free Report) by 6.7% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 60,480 shares of the financial services provider's stock after selling 4,325 shares during the period. Catalyst Capital Advisors LLC's holdings in HSBC were worth $3,473,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of HSBC. Bank of New York Mellon Corp increased its holdings in HSBC by 135.6% in 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. Jones Financial Companies Lllp lifted its stake in HSBC by 91.4% in the fourth quarter. Jones Financial Companies Lllp now owns 4,715 shares of the financial services provider's stock valued at $233,000 after buying an additional 2,251 shares during the period. Mission Wealth Management LP lifted its stake in HSBC by 13.2% in the fourth quarter. Mission Wealth Management LP now owns 9,162 shares of the financial services provider's stock valued at $453,000 after buying an additional 1,067 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in HSBC by 6.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,537 shares of the financial services provider's stock valued at $274,000 after buying an additional 321 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in HSBC by 21.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 261,135 shares of the financial services provider's stock valued at $12,916,000 after buying an additional 45,387 shares during the period. 1.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

HSBC Stock Up 0.2%

Shares of NYSE HSBC traded up $0.11 during mid-day trading on Friday, reaching $60.76. 833,049 shares of the company's stock were exchanged, compared to its average volume of 1,752,008. The firm has a market capitalization of $213.63 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 1.91 and a beta of 0.57. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $58.94 and a 200 day simple moving average of $55.26. HSBC Holdings plc has a twelve month low of $39.42 and a twelve month high of $61.88.

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

HSBC Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, June 20th. Investors of record on Monday, May 12th were issued a dividend of $0.495 per share. This represents a yield of 3.5%. The ex-dividend date was Friday, May 9th. HSBC's payout ratio is 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.