Northwestern Mutual Wealth Management Co. Has $2.19 Million Position in HSBC Holdings plc (NYSE:HSBC)

Northwestern Mutual Wealth Management Co. decreased its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 3.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,229 shares of the financial services provider’s stock after selling 2,031 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in HSBC were worth $2,185,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Richardson Financial Services Inc. bought a new position in shares of HSBC during the 4th quarter worth approximately $27,000. Family Firm Inc. acquired a new position in HSBC during the second quarter worth $36,000. Rise Advisors LLC bought a new position in shares of HSBC during the first quarter valued at $34,000. RFP Financial Group LLC boosted its stake in shares of HSBC by 126.1% in the 1st quarter. RFP Financial Group LLC now owns 1,031 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 575 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new stake in shares of HSBC during the 2nd quarter worth about $47,000. 1.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Dbs Bank upgraded shares of HSBC to a “strong-buy” rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

HSBC Price Performance

HSBC stock opened at $45.86 on Friday. The business’s fifty day moving average is $43.51 and its two-hundred day moving average is $43.03. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.96 and a current ratio of 0.89. The firm has a market cap of $172.00 billion, a P/E ratio of 7.91, a P/E/G ratio of 0.98 and a beta of 0.56. HSBC Holdings plc has a 52 week low of $35.30 and a 52 week high of $46.07.

HSBC (NYSE:HSBC) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.65 earnings per share (EPS) for the quarter. The business had revenue of $16.54 billion for the quarter. HSBC had a net margin of 15.61% and a return on equity of 10.60%. Equities research analysts forecast that HSBC Holdings plc will post 5.74 earnings per share for the current fiscal year.

HSBC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 16th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date of this dividend was Friday, August 16th. HSBC’s dividend payout ratio is currently 34.14%.

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.