American Trust Investment Advisors LLC Has $320,000 Holdings in HSBC Holdings plc (NYSE:HSBC)

American Trust Investment Advisors LLC decreased its position in shares of HSBC Holdings plc (NYSE:HSBCFree Report) by 6.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 7,890 shares of the financial services provider’s stock after selling 530 shares during the period. American Trust Investment Advisors LLC’s holdings in HSBC were worth $320,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Milestone Investment Advisors LLC bought a new stake in shares of HSBC during the third quarter valued at approximately $26,000. Assetmark Inc. bought a new position in HSBC during the third quarter worth about $30,000. Addison Advisors LLC grew its holdings in HSBC by 74.8% during the fourth quarter. Addison Advisors LLC now owns 895 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 383 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in HSBC by 38.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 940 shares of the financial services provider’s stock worth $38,000 after buying an additional 263 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in shares of HSBC by 34.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,321 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 335 shares in the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Stock Up 0.9 %

Shares of HSBC traded up $0.39 during trading hours on Tuesday, reaching $44.58. The stock had a trading volume of 1,208,394 shares, compared to its average volume of 2,159,363. HSBC Holdings plc has a 12 month low of $35.30 and a 12 month high of $45.46. The company has a market capitalization of $168.59 billion, a price-to-earnings ratio of 7.69, a P/E/G ratio of 1.07 and a beta of 0.58. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51. The firm has a 50-day simple moving average of $41.33 and a 200 day simple moving average of $39.81.

HSBC (NYSE:HSBCGet Free Report) last released its earnings results on Tuesday, April 30th. The financial services provider reported $1.70 earnings per share for the quarter. HSBC had a net margin of 16.13% and a return on equity of 10.80%. The firm had revenue of $20.75 billion for the quarter. Equities research analysts predict that HSBC Holdings plc will post 6.35 earnings per share for the current fiscal year.

HSBC Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 10th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date of this dividend is Thursday, May 9th. HSBC’s dividend payout ratio is currently 34.14%.

Analyst Upgrades and Downgrades

Separately, Barclays reaffirmed an “equal weight” rating on shares of HSBC in a research report on Wednesday, March 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, HSBC has an average rating of “Hold” and an average price target of $761.75.

Check Out Our Latest Analysis on HSBC

About HSBC

(Free Report)

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.

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Institutional Ownership by Quarter for HSBC (NYSE:HSBC)

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