5 Stocks US Senators Are Selling

3. HSBC Holdings plc (NYSE:HSBC)

Number of Hedge Fund Holders: 10

HSBC Holdings plc (NYSE:HSBC) is a London-based banking and financial services corporation that operates via Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. JPMorgan analyst Katherine Lei lowered the price target on the shares to 510 GBp from 570 GBp and reiterated a Neutral rating on HSBC Holdings plc (NYSE:HSBC).

Thomas Carper, a senior United States senator from Delaware, disposed of HSBC Holdings plc (NYSE:HSBC) shares ranging between $15,000 and $50,000 on February 25, disclosing the sale 6 days later. 

On March 9, HSBC Holdings plc (NYSE:HSBC) declared a $0.895 per average dilute share semi-annual dividend. The dividend is payable on April 28, for shareholders of record on March 11. The stock delivers a dividend yield 3.20% as of April 7. 

Among the hedge funds tracked by Insider Monkey, 10 funds were bullish on HSBC Holdings plc (NYSE:HSBC) at the end of December 2021, with collective stakes exceeding $150 million. Renaissance Technologies is the biggest stakeholder of the company, with almost 3 million shares worth $89.3 million.