Hsbc Holdings PLC Sells 10,805 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

Hsbc Holdings PLC cut its stake in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 20.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,073 shares of the company's stock after selling 10,805 shares during the quarter. Hsbc Holdings PLC owned 0.16% of Spectrum Brands worth $3,634,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC bought a new stake in Spectrum Brands during the 4th quarter worth about $50,000. Blue Trust Inc. boosted its position in Spectrum Brands by 46.5% during the fourth quarter. Blue Trust Inc. now owns 1,182 shares of the company's stock valued at $100,000 after purchasing an additional 375 shares during the last quarter. KBC Group NV boosted its holdings in shares of Spectrum Brands by 46.3% in the 4th quarter. KBC Group NV now owns 1,233 shares of the company's stock valued at $104,000 after buying an additional 390 shares during the last quarter. Summit Trail Advisors LLC acquired a new position in Spectrum Brands during the fourth quarter worth $237,000. Finally, City Center Advisors LLC bought a new stake in Spectrum Brands during the fourth quarter worth $306,000.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wells Fargo & Company decreased their price objective on shares of Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Royal Bank of Canada lowered their price target on Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Canaccord Genuity Group raised Spectrum Brands from a "hold" rating to a "buy" rating and raised their price objective for the company from $94.00 to $102.00 in a research report on Friday, February 7th. Finally, UBS Group decreased their target price on Spectrum Brands from $106.00 to $76.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $95.43.

Spectrum Brands Stock Performance

Shares of SPB traded up $0.76 during midday trading on Monday, reaching $65.18. 65,894 shares of the stock were exchanged, compared to its average volume of 451,732. The company has a quick ratio of 1.53, a current ratio of 2.40 and a debt-to-equity ratio of 0.27. The stock's 50 day simple moving average is $67.37 and its 200 day simple moving average is $80.02. Spectrum Brands Holdings, Inc. has a twelve month low of $57.66 and a twelve month high of $96.74. The company has a market cap of $1.72 billion, a P/E ratio of 16.01, a PEG ratio of 1.70 and a beta of 1.03.

Spectrum Brands (NYSE:SPB - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.91 by $0.11. Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. During the same quarter last year, the firm posted $0.78 EPS. On average, sell-side analysts expect that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current year.

Spectrum Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.88%. The ex-dividend date was Tuesday, February 18th. Spectrum Brands's dividend payout ratio (DPR) is currently 46.19%.

Spectrum Brands Profile

Spectrum Brands Holdings, Inc operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, and Asia-Pacific regions. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, PowerXL, Emeril Legasse, Copper Chef, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington brand.