Old Port Advisors Reduces Stock Holdings in HSBC Holdings plc (NYSE:HSBC)

Old Port Advisors decreased its position in HSBC Holdings plc (NYSE:HSBC) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,049 shares of the financial services provider’s stock after selling 486 shares during the quarter. HSBC accounts for about 0.9% of Old Port Advisors’ investment portfolio, making the stock its 27th largest holding. Old Port Advisors’ holdings in HSBC were worth $3,168,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in HSBC. Bank of Montreal Can boosted its holdings in 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 purchasing an additional 94,991 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of HSBC by 383.4% during the third quarter. BNP Paribas Financial Markets now owns 93,675 shares of the financial services provider’s stock worth $4,233,000 after buying an additional 74,295 shares in the last quarter. Mediolanum International Funds Ltd bought a new stake in shares of HSBC in the third quarter worth $139,895,000. Stifel Financial Corp raised its holdings in HSBC by 40.0% in the third quarter. Stifel Financial Corp now owns 138,127 shares of the financial services provider’s stock valued at $6,242,000 after acquiring an additional 39,465 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in HSBC by 18.0% during the 3rd quarter. HighTower Advisors LLC now owns 157,846 shares of the financial services provider’s stock valued at $7,135,000 after acquiring an additional 24,080 shares during the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Stock Performance

NYSE:HSBC traded down $0.62 during trading hours on Thursday, reaching $48.84. 445,626 shares of the stock were exchanged, compared to its average volume of 1,606,641. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $175.97 billion, a P/E ratio of 8.07 and a beta of 0.56. HSBC Holdings plc has a 52 week low of $36.93 and a 52 week high of $49.86. The firm has a 50 day simple moving average of $47.14 and a 200-day simple moving average of $44.86.

HSBC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 8th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 4.10%. HSBC’s dividend payout ratio is currently 32.73%.

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.