HSBC Holdings plc (NYSE:HSBC) Shares Sold by XTX Topco Ltd

XTX Topco Ltd decreased its position in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 15.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,796 shares of the financial services provider's stock after selling 6,490 shares during the quarter. XTX Topco Ltd's holdings in HSBC were worth $1,820,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Berbice Capital Management LLC purchased a new position in HSBC in the 4th quarter valued at about $25,000. Venturi Wealth Management LLC boosted its stake in shares of HSBC by 58.2% in the fourth quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider's stock worth $28,000 after acquiring an additional 210 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of HSBC during the fourth quarter worth approximately $30,000. Brooklyn Investment Group purchased a new position in HSBC in the 4th quarter valued at $49,000. Finally, Sierra Ocean LLC acquired a new stake in HSBC during the 4th quarter worth $73,000. 1.48% of the stock is owned by hedge funds and other institutional investors.

HSBC Trading Up 1.0 %

Shares of NYSE:HSBC traded up $0.54 during mid-day trading on Friday, reaching $52.52. 1,700,273 shares of the company were exchanged, compared to its average volume of 1,746,405. HSBC Holdings plc has a 1 year low of $39.42 and a 1 year high of $61.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.96. The firm's 50-day simple moving average is $55.44 and its 200 day simple moving average is $50.50. The firm has a market cap of $187.04 billion, a price-to-earnings ratio of 8.47, a P/E/G ratio of 1.05 and a beta of 0.40.

HSBC (NYSE:HSBC - Get Free Report) last released its earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.04. The company had revenue of $11.56 billion during the quarter, compared to the consensus estimate of $13.79 billion. HSBC had a return on equity of 12.20% and a net margin of 16.17%. Equities research analysts forecast that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 7th will be paid a $1.80 dividend. This represents a $7.20 annualized dividend and a dividend yield of 13.71%. The ex-dividend date is Friday, March 7th. HSBC's payout ratio is currently 115.81%.

Analyst Ratings Changes

Several brokerages have recently weighed in on HSBC. UBS Group restated a "neutral" rating on shares of HSBC in a report on Thursday, March 6th. StockNews.com upgraded HSBC from a "sell" rating to a "hold" rating in a report on Tuesday, March 11th. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of HSBC in a research note on Monday, February 3rd. Barclays upgraded shares of HSBC from an "equal weight" rating to an "overweight" rating in a report on Tuesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft cut HSBC from a "buy" rating to a "hold" rating in a research note 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

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.