HSBC Holdings plc (NYSE:HSBC) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its holdings in HSBC Holdings plc (NYSE:HSBC) by 17.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 449,365 shares of the financial services provider’s stock after selling 95,778 shares during the quarter. Renaissance Technologies LLC’s holdings in HSBC were worth $19,547,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HSBC. Beacon Pointe Advisors LLC grew its holdings in HSBC by 8.6% in the 4th quarter. Beacon Pointe Advisors LLC now owns 7,047 shares of the financial services provider’s stock valued at $286,000 after buying an additional 558 shares during the period. Coldstream Capital Management Inc. purchased a new stake in HSBC in the 4th quarter valued at about $295,000. Assetmark Inc. grew its holdings in shares of HSBC by 198.4% during the 4th quarter. Assetmark Inc. now owns 2,295 shares of the financial services provider’s stock worth $93,000 after purchasing an additional 1,526 shares during the period. Advisory Services Network LLC purchased a new stake in shares of HSBC during the 4th quarter worth about $162,000. Finally, Dorsey & Whitney Trust CO LLC grew its holdings in shares of HSBC by 2.7% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 23,839 shares of the financial services provider’s stock worth $966,000 after purchasing an additional 635 shares during the period. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Dbs Bank upgraded HSBC to a “strong-buy” rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

HSBC Stock Down 1.2 %

Shares of NYSE:HSBC opened at $44.17 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.96 and a current ratio of 0.89. HSBC Holdings plc has a 1 year low of $35.30 and a 1 year high of $45.53. The stock has a market capitalization of $165.68 billion, a P/E ratio of 7.62, a PEG ratio of 0.94 and a beta of 0.56. The stock has a 50-day simple moving average of $43.10 and a 200-day simple moving average of $42.53.

HSBC (NYSE:HSBC) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.65 EPS for the quarter. The firm had revenue of $16.54 billion for the quarter. HSBC had a return on equity of 10.60% and a net margin of 15.61%. Equities analysts forecast that HSBC Holdings plc will post 5.74 earnings per share for the current year.

HSBC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 16th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.53%. The ex-dividend date is Friday, August 16th. HSBC’s dividend payout ratio (DPR) is presently 34.14%.

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.