Greenleaf Trust Sells 446 Shares of HSBC Holdings plc (NYSE:HSBC)

Greenleaf Trust reduced its position in shares of HSBC Holdings plc (NYSE:HSBC) by 2.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,732 shares of the financial services provider’s stock after selling 446 shares during the quarter. Greenleaf Trust’s holdings in HSBC were worth $846,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Family Firm Inc. bought a new stake in HSBC during the 2nd quarter valued at about $36,000. RFP Financial Group LLC grew its stake in shares of HSBC by 126.1% in the first quarter. RFP Financial Group LLC now owns 1,031 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 575 shares during the period. Ridgewood Investments LLC bought a new stake in shares of HSBC in the second quarter worth approximately $47,000. Fifth Third Bancorp grew its stake in shares of HSBC by 128.4% in the second quarter. Fifth Third Bancorp now owns 1,361 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 765 shares during the period. Finally, Addison Advisors LLC grew its stake in shares of HSBC by 39.0% in the second quarter. Addison Advisors LLC now owns 1,458 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 409 shares during the period. 1.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

HSBC Stock Performance

HSBC opened at $44.51 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.96 and a debt-to-equity ratio of 0.65. The company has a market cap of $166.95 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 0.89 and a beta of 0.56. The company’s 50 day moving average is $44.13 and its 200 day moving average is $43.49. HSBC Holdings plc has a 12-month low of $35.30 and a 12-month high of $46.07.

HSBC (NYSE:HSBC) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.65 earnings per share (EPS) for the quarter. HSBC had a net margin of 15.61% and a return on equity of 10.60%. The company had revenue of $16.54 billion for the quarter. On average, equities research analysts predict that HSBC Holdings plc will post 6.22 EPS for the current year.

HSBC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 16th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend was Friday, August 16th. HSBC’s 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.