Invesco Ltd. Lowers Stock Holdings in HSBC Holdings plc (NYSE:HSBC)

Invesco Ltd. decreased its holdings in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 46.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 8,531 shares of the financial services provider's stock after selling 7,367 shares during the period. Invesco Ltd.'s holdings in HSBC were worth $422,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of HSBC. FMR LLC increased its position in shares of HSBC by 18.1% in the 4th quarter. FMR LLC now owns 2,883,238 shares of the financial services provider's stock valued at $142,605,000 after acquiring an additional 441,033 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of HSBC by 7.3% in the fourth quarter. Quadrant Capital Group LLC now owns 35,206 shares of the financial services provider's stock valued at $1,741,000 after purchasing an additional 2,391 shares during the period. Wells Fargo & Company MN raised its stake in shares of HSBC by 5.3% in the fourth quarter. Wells Fargo & Company MN now owns 289,887 shares of the financial services provider's stock worth $14,338,000 after purchasing an additional 14,640 shares during the last quarter. Integrated Quantitative Investments LLC acquired a new stake in shares of HSBC during the fourth quarter worth about $277,000. Finally, Atlas Capital Advisors Inc. increased its holdings in HSBC by 226.4% in the 4th quarter. Atlas Capital Advisors Inc. now owns 2,001 shares of the financial services provider's stock worth $99,000 after buying an additional 1,388 shares during the period. Institutional investors and hedge funds own 1.48% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on HSBC shares. StockNews.com upgraded HSBC from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th. Barclays raised HSBC from an "equal weight" rating to an "overweight" rating in a report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft lowered shares of HSBC from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. UBS Group reissued a "neutral" rating on shares of HSBC in a report on Thursday, March 6th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating on shares of HSBC in a report on Monday, February 3rd. Four 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

HSBC Trading Down 0.0 %

HSBC stock traded down $0.03 during trading on Tuesday, reaching $56.65. 1,276,131 shares of the stock were exchanged, compared to its average volume of 1,739,830. The business has a 50 day moving average price of $55.32 and a 200-day moving average price of $51.43. HSBC Holdings plc has a 1 year low of $39.42 and a 1 year high of $61.88. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $200.25 billion, a price-to-earnings ratio of 9.14, a P/E/G ratio of 1.05 and a beta of 0.53.

HSBC (NYSE:HSBC - Get Free Report) last posted its earnings results on Tuesday, April 29th. The financial services provider reported $1.95 EPS for the quarter, beating analysts' consensus estimates of $1.60 by $0.35. The company had revenue of $17.74 billion for the quarter, compared to analysts' expectations of $16.60 billion. HSBC had a net margin of 16.17% and a return on equity of 12.20%. On average, research analysts predict that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, May 12th will be given a $0.495 dividend. This represents a yield of 3.5%. The ex-dividend date of this dividend is 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.