Ativo Capital Management LLC Has $1.65 Million Position in HSBC Holdings plc $HSBC

Ativo Capital Management LLC lowered its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 2.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,070 shares of the financial services provider’s stock after selling 795 shares during the quarter. HSBC accounts for about 1.5% of Ativo Capital Management LLC’s portfolio, making the stock its 22nd biggest position. Ativo Capital Management LLC’s holdings in HSBC were worth $1,646,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of HSBC. TD Private Client Wealth LLC raised its holdings in HSBC by 101.7% during the 2nd quarter. TD Private Client Wealth LLC now owns 464 shares of the financial services provider’s stock worth $28,000 after buying an additional 234 shares during the period. Wayfinding Financial LLC acquired a new stake in shares of HSBC during the first quarter worth $30,000. Opal Wealth Advisors LLC acquired a new stake in shares of HSBC during the second quarter worth $31,000. Raleigh Capital Management Inc. acquired a new stake in shares of HSBC during the second quarter worth $33,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of HSBC in the 2nd quarter valued at about $39,000. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HSBC has been the topic of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of HSBC in a research note on Wednesday, October 8th. Jefferies Financial Group reissued a “hold” rating on shares of HSBC in a research report on Friday. Zacks Research downgraded shares of HSBC from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Citigroup reiterated a “buy” rating on shares of HSBC in a report on Monday, September 22nd. Finally, BNP Paribas upgraded shares of HSBC from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $63.00.

HSBC Stock Up 1.0%

NYSE:HSBC opened at $66.60 on Tuesday. The firm has a market capitalization of $229.80 billion, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 1.67 and a beta of 0.62. HSBC Holdings plc has a twelve month low of $43.81 and a twelve month high of $72.21. The stock’s 50 day moving average price is $67.03 and its two-hundred day moving average price is $61.31. The company has a quick ratio of 0.93, a current ratio of 0.86 and a debt-to-equity ratio of 0.65.

HSBC (NYSE:HSBC) last issued its earnings results on Wednesday, July 30th. The financial services provider reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.33. The business had revenue of $16.90 billion for the quarter, compared to the consensus estimate of $16.64 billion. HSBC had a net margin of 13.48% and a return on equity of 12.73%. Equities research analysts expect that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, August 15th were given a dividend of $0.495 per share. This represents a $1.98 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, August 15th. HSBC’s payout ratio is 39.21%.

About HSBC

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.