Sage Rhino Capital LLC Has $621,000 Position in HSBC Holdings plc (NYSE:HSBC)

Sage Rhino Capital LLC lessened its stake in HSBC Holdings plc (NYSE:HSBC) by 1.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,549 shares of the financial services provider’s stock after selling 226 shares during the period. Sage Rhino Capital LLC’s holdings in HSBC were worth $621,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in HSBC. Wealth Enhancement Advisory Services LLC grew its position in shares of HSBC by 2.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 21,674 shares of the financial services provider’s stock valued at $979,000 after buying an additional 542 shares during the last quarter. Optas LLC grew its position in shares of HSBC by 18.1% in the 3rd quarter. Optas LLC now owns 9,317 shares of the financial services provider’s stock valued at $421,000 after buying an additional 1,431 shares during the last quarter. BSW Wealth Partners grew its position in shares of HSBC by 4.4% in the 3rd quarter. BSW Wealth Partners now owns 12,928 shares of the financial services provider’s stock valued at $584,000 after buying an additional 545 shares during the last quarter. QRG Capital Management Inc. grew its position in shares of HSBC by 2.5% in the 3rd 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. Finally, Catalina Capital Group LLC grew its position in shares of HSBC by 16.1% in the 3rd quarter. Catalina Capital Group LLC now owns 6,309 shares of the financial services provider’s stock valued at $285,000 after buying an additional 877 shares during the last quarter. Institutional investors own 1.48% of the company’s stock.

HSBC Stock Up 2.9 %

Shares of HSBC stock opened at $59.89 on Monday. HSBC Holdings plc has a one year low of $36.93 and a one year high of $59.91. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.96. The stock’s 50-day moving average is $52.22 and its 200 day moving average is $47.75. The firm has a market cap of $214.49 billion, a price-to-earnings ratio of 9.66, a PEG ratio of 1.05 and a beta of 0.54.

HSBC (NYSE:HSBC) last announced its earnings results on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.41 by $0.04. HSBC had a return on equity of 12.20% and a net margin of 16.17%. The company had revenue of $11.56 billion for the quarter, compared to analyst estimates of $13.79 billion. Equities research analysts anticipate that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be paid a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 12.02%. The ex-dividend date of this dividend is Friday, March 7th. HSBC’s dividend payout ratio (DPR) is currently 115.81%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft lowered HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Royal Bank of Canada restated a “sector perform” rating on shares of HSBC in a research 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.