Crumly & Associates Inc. Sells 1,258 Shares of HSBC Holdings plc (NYSE:HSBC)

Crumly & Associates Inc. decreased its position in HSBC Holdings plc (NYSE:HSBC) by 13.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,028 shares of the financial services provider’s stock after selling 1,258 shares during the quarter. Crumly & Associates Inc.’s holdings in HSBC were worth $397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in HSBC. Mediolanum International Funds Ltd purchased a new position in HSBC during the 3rd quarter valued at $139,895,000. FMR LLC boosted its holdings in HSBC by 44.3% during the 3rd quarter. FMR LLC now owns 2,442,205 shares of the financial services provider’s stock valued at $110,363,000 after acquiring an additional 749,759 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in HSBC by 2.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 514,642 shares of the financial services provider’s stock valued at $25,454,000 after acquiring an additional 14,095 shares during the period. Meritage Portfolio Management boosted its holdings in HSBC by 5.6% during the 4th quarter. Meritage Portfolio Management now owns 318,825 shares of the financial services provider’s stock valued at $15,769,000 after acquiring an additional 17,012 shares during the period. Finally, QRG Capital Management Inc. boosted its holdings in HSBC by 2.5% during 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 acquiring an additional 7,448 shares during the period. Institutional investors own 1.48% of the company’s stock.

Analysts Set New Price Targets

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

HSBC Price Performance

Shares of HSBC stock opened at $55.97 on Friday. HSBC Holdings plc has a twelve month low of $36.93 and a twelve month high of $57.08. The stock has a market capitalization of $200.45 billion, a price-to-earnings ratio of 9.03, a P/E/G ratio of 1.50 and a beta of 0.54. The stock has a fifty day simple moving average of $51.11 and a two-hundred day simple moving average of $46.98. 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 (NYSE:HSBC) last issued its 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. HSBC had a return on equity of 12.14% and a net margin of 16.17%. The business had revenue of $11.56 billion during the quarter, compared to analysts’ expectations of $13.79 billion. On average, analysts predict that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 7th will be given a $1.80 dividend. The ex-dividend date of this dividend is Friday, March 7th. HSBC’s payout ratio is 31.94%.

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.