Schonfeld Strategic Advisors LLC Sells 78,831 Shares of HSBC Holdings plc (NYSE:HSBC)

Schonfeld Strategic Advisors LLC reduced its position in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 56.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 61,623 shares of the financial services provider's stock after selling 78,831 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in HSBC were worth $3,048,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Northern Trust Corp raised its position in HSBC by 52.0% in the 4th quarter. Northern Trust Corp now owns 2,781,307 shares of the financial services provider's stock valued at $137,563,000 after buying an additional 951,050 shares during the last quarter. FMR LLC grew its stake 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 worth $142,605,000 after acquiring an additional 441,033 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of HSBC in the fourth quarter valued at about $17,815,000. Contrarian Capital Management L.L.C. bought a new position in shares of HSBC during the fourth quarter valued at about $11,914,000. Finally, Bank of New York Mellon Corp boosted its holdings in HSBC by 135.6% during the fourth quarter. Bank of New York Mellon Corp now owns 347,565 shares of the financial services provider's stock worth $17,191,000 after purchasing an additional 200,054 shares during the last quarter. Institutional investors own 1.48% of the company's stock.

HSBC Stock Performance

Shares of NYSE HSBC traded down $0.03 during midday trading on Tuesday, hitting $56.65. The company's stock had a trading volume of 1,276,131 shares, compared to its average volume of 1,739,830. The stock has a fifty day moving average price of $55.32 and a 200 day moving average price of $51.43. 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 Holdings plc has a one year low of $39.42 and a one 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.

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

HSBC Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, May 12th will be given a dividend of $0.495 per share. This represents a dividend yield of 3.5%. The ex-dividend date is Friday, May 9th. HSBC's dividend payout ratio is presently 36.33%.

Analyst Ratings Changes

Several equities analysts have commented on HSBC shares. Barclays raised shares of HSBC from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, March 4th. StockNews.com upgraded HSBC from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th. Royal Bank of Canada reiterated a "sector perform" rating on shares of HSBC in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft downgraded shares of HSBC from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Finally, UBS Group reiterated a "neutral" rating on shares of HSBC in a research note on Thursday, March 6th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

About HSBC

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.