Orleans Capital Management Corp LA Sells 290 Shares of HSBC Holdings plc (NYSE:HSBC)

Orleans Capital Management Corp LA lessened its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 1.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 29,725 shares of the financial services provider’s stock after selling 290 shares during the period. Orleans Capital Management Corp LA’s holdings in HSBC were worth $1,623,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. FMR LLC raised its position in HSBC by 44.3% in the 3rd quarter. FMR LLC now owns 2,442,205 shares of the financial services provider’s stock worth $110,363,000 after purchasing an additional 749,759 shares during the last quarter. American Century Companies Inc. raised its holdings in HSBC by 4.5% during the 4th quarter. American Century Companies Inc. now owns 937,065 shares of the financial services provider’s stock worth $46,347,000 after purchasing an additional 40,388 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in HSBC by 2.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 514,642 shares of the financial services provider’s stock valued at $25,454,000 after purchasing an additional 14,095 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in shares of HSBC by 26.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 401,960 shares of the financial services provider’s stock valued at $19,881,000 after purchasing an additional 85,104 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of HSBC by 3.1% during the 4th quarter. Franklin Resources Inc. now owns 397,408 shares of the financial services provider’s stock worth $19,656,000 after buying an additional 11,864 shares during the period. 1.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on HSBC. Deutsche Bank Aktiengesellschaft lowered shares of HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd. Barclays upgraded HSBC from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. UBS Group reaffirmed a “neutral” rating on shares of HSBC in a research note on Thursday, March 6th. Finally, StockNews.com raised shares of HSBC from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

HSBC Stock Down 7.8 %

NYSE:HSBC opened at $53.45 on Friday. The stock has a market cap of $190.32 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 1.05 and a beta of 0.40. 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 stock has a 50-day moving average price of $56.12 and a two-hundred day moving average price of $50.07. HSBC Holdings plc has a 1 year low of $39.42 and a 1 year high of $61.88.

HSBC (NYSE:HSBC) last posted its earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.04. The business had revenue of $11.56 billion during the quarter, compared to analysts’ expectations of $13.79 billion. HSBC had a return on equity of 12.20% and a net margin of 16.17%. As a group, equities analysts expect that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be paid a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 13.47%. The ex-dividend date of this dividend is Friday, March 7th. HSBC’s payout ratio is presently 115.81%.

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.