Cwm LLC Has $7.52 Million Position in HSBC Holdings plc (NYSE:HSBC)

CWM LLC lessened its stake in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 6.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 130,850 shares of the financial services provider's stock after selling 9,530 shares during the period. CWM LLC's holdings in HSBC were worth $7,515,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. CoreCap Advisors LLC raised its stake in HSBC by 342.9% in the fourth quarter. CoreCap Advisors LLC now owns 589 shares of the financial services provider's stock valued at $29,000 after buying an additional 456 shares during the period. Wayfinding Financial LLC bought a new stake in HSBC in the first quarter valued at approximately $30,000. Garde Capital Inc. bought a new stake in HSBC in the first quarter valued at approximately $43,000. Bessemer Group Inc. raised its stake in HSBC by 51.0% in the first quarter. Bessemer Group Inc. now owns 864 shares of the financial services provider's stock valued at $50,000 after buying an additional 292 shares during the period. Finally, Spire Wealth Management raised its stake in HSBC by 59.4% in the first quarter. Spire Wealth Management now owns 1,320 shares of the financial services provider's stock valued at $76,000 after buying an additional 492 shares during the period. Institutional investors own 1.48% of the company's stock.

Wall Street Analyst Weigh In

Separately, Bank of America restated a "neutral" rating and issued a $63.00 price objective on shares of HSBC in a research note 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 company's stock. According to MarketBeat.com, HSBC presently has an average rating of "Hold" and an average target price of $63.00.

HSBC Stock Performance

Shares of NYSE HSBC traded up $0.73 during trading hours on Wednesday, reaching $62.55. 2,167,878 shares of the stock were exchanged, compared to its average volume of 1,760,400. The firm has a market capitalization of $218.40 billion, a price-to-earnings ratio of 11.48, a P/E/G ratio of 1.97 and a beta of 0.57. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.93 and a current ratio of 0.93. HSBC Holdings plc has a 52 week low of $39.42 and a 52 week high of $62.87. The stock's fifty day simple moving average is $59.71 and its 200 day simple moving average is $55.94.

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 for the quarter, topping analysts' consensus estimates of $1.60 by $0.35. The company had revenue of $17.74 billion for the quarter, compared to analyst estimates of $16.60 billion. HSBC had a return on equity of 12.55% and a net margin of 14.55%. Sell-side analysts predict that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Dividend Announcement

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