HSBC Holdings plc (HSBC) Shares Sold by Wealth Advisors of Tampa Bay LLC

Wealth Advisors of Tampa Bay LLC decreased its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 6.4% in the 1st quarter, Holdings Channel reports. The firm owned 50,075 shares of the financial services provider’s stock after selling 3,410 shares during the period. Wealth Advisors of Tampa Bay LLC’s holdings in HSBC were worth $2,032,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Farmers National Bank bought a new position in shares of HSBC in the first quarter valued at about $25,000. Harvest Group Wealth Management LLC acquired a new position in shares of HSBC in the first quarter valued at about $27,000. Berman Capital Advisors LLC acquired a new position in shares of HSBC in the fourth quarter valued at about $29,000. CWM LLC grew its stake in HSBC by 53.8% during the fourth quarter. CWM LLC now owns 755 shares of the financial services provider’s stock worth $31,000 after buying an additional 264 shares in the last quarter. Finally, Vigilant Capital Management LLC acquired a new stake in HSBC during the first quarter worth about $31,000. Institutional investors and hedge funds own 2.48% of the company’s stock.

HSBC stock traded up $0.08 during trading hours on Thursday, reaching $41.78. 70,821 shares of the stock were exchanged, compared to its average volume of 1,776,685. The company has a market capitalization of $166.12 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 2.55 and a beta of 0.67. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.50. HSBC Holdings plc has a twelve month low of $38.23 and a twelve month high of $50.07.

HSBC (NYSE:HSBC) last announced its quarterly earnings data on Tuesday, February 19th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.55). The business had revenue of $12.56 billion for the quarter, compared to analysts’ expectations of $13.90 billion. On average, sell-side analysts expect that HSBC Holdings plc will post 3.73 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, May 17th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.79%. HSBC’s payout ratio is currently 63.49%.

HSBC has been the topic of a number of analyst reports. Goldman Sachs Group upgraded shares of HSBC from a “neutral” rating to a “buy” rating in a research note on Wednesday. Credit Suisse Group reiterated a “hold” rating on shares of HSBC in a research note on Friday, February 22nd. Zacks Investment Research downgraded shares of HSBC from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 11th. Keefe, Bruyette & Woods downgraded shares of HSBC from an “outperform” rating to a “market perform” rating in a research note on Friday, January 25th. Finally, Bank of America downgraded shares of HSBC from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 19th. Nine equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Sell” and a consensus price target of $43.80.

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HSBC Profile

HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.

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Institutional Ownership by Quarter for HSBC (NYSE:HSBC)

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