HSBC Holdings plc (NYSE:HSBC) Shares Sold by West Family Investments Inc.

West Family Investments Inc. lessened its position in shares of HSBC Holdings plc (NYSE:HSBC) by 78.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,444 shares of the financial services provider’s stock after selling 45,709 shares during the quarter. West Family Investments Inc.’s holdings in HSBC were worth $562,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Family Firm Inc. purchased a new stake in shares of HSBC during the 2nd quarter valued at $36,000. Ridgewood Investments LLC bought a new stake in shares of HSBC in the 2nd quarter worth approximately $47,000. Fifth Third Bancorp lifted its position in shares of HSBC by 128.4% during the 2nd quarter. Fifth Third Bancorp now owns 1,361 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 765 shares during the last quarter. Allworth Financial LP lifted its stake in HSBC by 40.9% during the third quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider’s stock valued at $62,000 after buying an additional 397 shares in the last quarter. Finally, Addison Advisors LLC boosted its stake in HSBC by 39.0% in the 2nd quarter. Addison Advisors LLC now owns 1,458 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 409 shares during the period. Institutional investors and hedge funds own 1.48% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Dbs Bank raised HSBC to a “strong-buy” rating in a research report on Wednesday, July 31st.

HSBC Stock Down 2.0 %

HSBC stock opened at $45.54 on Tuesday. The company’s 50 day simple moving average is $44.94 and its 200 day simple moving average is $44.05. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $99.85 billion, a price-to-earnings ratio of 7.68 and a beta of 0.56. HSBC Holdings plc has a fifty-two week low of $36.93 and a fifty-two week high of $47.56.

HSBC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 8th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.39%. The ex-dividend date is Friday, November 8th. HSBC’s dividend payout ratio (DPR) is 32.73%.

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.