Stamos Capital Partners L.P. Sells 12,500 Shares of HSBC Holdings plc (NYSE:HSBC)

Stamos Capital Partners L.P. lessened its stake in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 11.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 96,480 shares of the financial services provider's stock after selling 12,500 shares during the period. HSBC comprises approximately 1.1% of Stamos Capital Partners L.P.'s investment portfolio, making the stock its 21st largest holding. Stamos Capital Partners L.P.'s holdings in HSBC were worth $4,772,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Stifel Financial Corp increased its position in HSBC by 40.0% during the third quarter. Stifel Financial Corp now owns 138,127 shares of the financial services provider's stock worth $6,242,000 after buying an additional 39,465 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of HSBC by 7.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 9,141 shares of the financial services provider's stock worth $413,000 after acquiring an additional 619 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in HSBC by 2.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 16,036 shares of the financial services provider's stock valued at $737,000 after purchasing an additional 439 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in HSBC during the third quarter worth $122,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of HSBC by 103.6% in the third quarter. JPMorgan Chase & Co. now owns 56,860 shares of the financial services provider's stock valued at $2,570,000 after purchasing an additional 28,939 shares during the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

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HSBC Price Performance

HSBC stock traded up $1.14 during mid-day trading on Tuesday, reaching $52.18. 2,588,176 shares of the company were exchanged, compared to its average volume of 1,748,985. The company has a fifty day simple moving average of $55.53 and a 200-day simple moving average of $50.39. The firm has a market cap of $185.80 billion, a PE ratio of 8.42, a PEG ratio of 1.05 and a beta of 0.40. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.96. HSBC Holdings plc has a 12 month low of $39.42 and a 12 month high of $61.88.

HSBC (NYSE:HSBC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.04. HSBC had a return on equity of 12.20% and a net margin of 16.17%. The business had revenue of $11.56 billion during the quarter, compared to the consensus estimate of $13.79 billion. As a group, equities research analysts expect that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be paid 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 yield of 13.80%. HSBC's dividend payout ratio (DPR) is 115.81%.

Analyst Ratings Changes

Several brokerages recently commented on HSBC. Deutsche Bank Aktiengesellschaft downgraded shares of HSBC from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of HSBC in a research report on Monday, February 3rd. UBS Group restated a "neutral" rating on shares of HSBC in a research note on Thursday, March 6th. Barclays upgraded HSBC from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, March 4th. Finally, StockNews.com upgraded shares of HSBC from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, HSBC presently has a consensus rating of "Moderate Buy".

HSBC 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.