Catalyst Capital Advisors LLC Decreases Stock Position in HSBC Holdings plc (NYSE:HSBC)

Catalyst Capital Advisors LLC trimmed its position in HSBC Holdings plc (NYSE:HSBC) by 2.8% during the third quarter, Holdings Channel.com reports. The firm owned 66,930 shares of the financial services provider’s stock after selling 1,920 shares during the period. Catalyst Capital Advisors LLC’s holdings in HSBC were worth $3,025,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mediolanum International Funds Ltd bought a new stake in shares of HSBC in the third quarter worth $139,895,000. American Century Companies Inc. increased its stake in shares of HSBC by 4.6% in the second quarter. American Century Companies Inc. now owns 850,842 shares of the financial services provider’s stock worth $37,012,000 after buying an additional 37,781 shares during the last quarter. Natixis Advisors LLC increased its stake in shares of HSBC by 22.1% in the second quarter. Natixis Advisors LLC now owns 413,789 shares of the financial services provider’s stock worth $18,000,000 after buying an additional 74,980 shares during the last quarter. Raymond James & Associates increased its stake in shares of HSBC by 2.6% in the second quarter. Raymond James & Associates now owns 361,416 shares of the financial services provider’s stock worth $15,722,000 after buying an additional 9,323 shares during the last quarter. Finally, QRG Capital Management Inc. increased its stake in shares of HSBC by 2.5% in the third quarter. QRG Capital Management Inc. now owns 310,442 shares of the financial services provider’s stock worth $14,029,000 after buying an additional 7,448 shares during the last quarter. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Dbs Bank upgraded shares of HSBC to a “strong-buy” rating in a research note on Wednesday, July 31st.

HSBC Stock Performance

HSBC stock opened at $46.64 on Tuesday. The company has a market cap of $102.26 billion, a PE ratio of 7.71 and a beta of 0.56. The company has a fifty day moving average price of $44.54 and a two-hundred day moving average price of $43.80. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.96. HSBC Holdings plc has a 12 month low of $36.63 and a 12 month high of $47.26.

HSBC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 8th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date of this dividend is Friday, November 8th. HSBC’s dividend payout ratio is presently 32.73%.

HSBC Company 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.