Ativo Capital Management LLC Has $1.39 Million Stock Holdings in HSBC Holdings plc (NYSE:HSBC)

Ativo Capital Management LLC cut its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 2.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 28,070 shares of the financial services provider’s stock after selling 603 shares during the quarter. HSBC accounts for 1.4% of Ativo Capital Management LLC’s investment portfolio, making the stock its 21st biggest position. Ativo Capital Management LLC’s holdings in HSBC were worth $1,388,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HSBC. Mediolanum International Funds Ltd acquired a new stake in shares of HSBC in the third quarter valued at approximately $139,895,000. FMR LLC lifted its position in shares of HSBC by 44.3% in the third quarter. FMR LLC now owns 2,442,205 shares of the financial services provider’s stock valued at $110,363,000 after buying an additional 749,759 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of HSBC by 2.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 514,642 shares of the financial services provider’s stock valued at $25,454,000 after buying an additional 14,095 shares during the last quarter. Meritage Portfolio Management lifted its position in shares of HSBC by 5.6% in the fourth quarter. Meritage Portfolio Management now owns 318,825 shares of the financial services provider’s stock valued at $15,769,000 after buying an additional 17,012 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its position 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 valued at $14,029,000 after buying an additional 7,448 shares during the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Stock Performance

NYSE:HSBC opened at $56.07 on Friday. The stock has a market cap of $200.81 billion, a P/E ratio of 9.04, a PEG ratio of 1.50 and a beta of 0.54. The stock has a 50 day simple moving average of $51.26 and a 200 day simple moving average of $47.09. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. HSBC Holdings plc has a 1-year low of $36.93 and a 1-year high of $57.08.

HSBC (NYSE:HSBC) last released its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate 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 12.14% and a net margin of 16.17%. Research analysts anticipate that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 7th will be paid a dividend of $1.80 per share. The ex-dividend date is Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a yield of 12.84%. HSBC’s dividend payout ratio (DPR) is presently 31.94%.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft cut HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd.

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.