Americana Partners LLC Buys 27,227 Shares of HSBC Holdings plc (NYSE:HSBC)

Americana Partners LLC boosted its stake in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 140.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,623 shares of the financial services provider's stock after purchasing an additional 27,227 shares during the period. Americana Partners LLC's holdings in HSBC were worth $2,306,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of HSBC. Mediolanum International Funds Ltd purchased a new position in HSBC during the third quarter valued at $139,895,000. FMR LLC lifted its position in shares of HSBC by 44.3% in the third 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 in the last quarter. Janney Capital Management LLC purchased a new position in shares of HSBC in the fourth quarter valued at about $9,306,000. International Assets Investment Management LLC purchased a new position in shares of HSBC in the third quarter valued at about $54,770,000. Finally, Bank of Montreal Can lifted its position in shares of HSBC by 124.3% in the third quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider's stock valued at $7,820,000 after acquiring an additional 94,991 shares in the last quarter. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

HSBC Price Performance

Shares of HSBC stock traded up $0.10 during trading hours on Friday, hitting $56.07. The company's stock had a trading volume of 2,563,190 shares, compared to its average volume of 1,536,341. The business has a 50 day moving average price of $51.26 and a two-hundred day moving average price of $47.09. HSBC Holdings plc has a 12-month low of $36.93 and a 12-month high of $57.08. The company has a market cap of $200.81 billion, a PE ratio of 9.04, a PEG ratio of 1.50 and a beta of 0.54. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 0.96.

HSBC (NYSE:HSBC - Get Free Report) last posted its earnings results on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.04. The company had revenue of $11.56 billion for the quarter, compared to the consensus estimate of $13.79 billion. HSBC had a return on equity of 12.14% and a net margin of 16.17%. Analysts expect that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be given a $1.80 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 12.84%. HSBC's dividend payout ratio is currently 31.94%.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft downgraded HSBC from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd.

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.