HSBC Holdings plc (NYSE:HSBC) Shares Sold by Richard P Slaughter Associates Inc

Richard P Slaughter Associates Inc trimmed its position in shares of HSBC Holdings plc (NYSE:HSBC) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,116 shares of the financial services provider’s stock after selling 1,378 shares during the period. Richard P Slaughter Associates Inc’s holdings in HSBC were worth $1,935,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HSBC. Bank of Montreal Can boosted its holdings in HSBC by 124.3% in the 3rd quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider’s stock worth $7,820,000 after acquiring an additional 94,991 shares during the period. BNP Paribas Financial Markets grew its position in shares of HSBC by 383.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 93,675 shares of the financial services provider’s stock worth $4,233,000 after acquiring an additional 74,295 shares in the last quarter. Stifel Financial Corp increased its stake in HSBC by 40.0% during the third quarter. Stifel Financial Corp now owns 138,127 shares of the financial services provider’s stock valued at $6,242,000 after purchasing an additional 39,465 shares during the last quarter. Mediolanum International Funds Ltd bought a new stake in shares of HSBC during the 3rd quarter valued at about $139,895,000. Finally, HighTower Advisors LLC raised its position in shares of HSBC by 18.0% during the 3rd quarter. HighTower Advisors LLC now owns 157,846 shares of the financial services provider’s stock worth $7,135,000 after purchasing an additional 24,080 shares during the period. 1.48% of the stock is currently owned by institutional investors and hedge funds.

HSBC Trading Up 0.7 %

NYSE:HSBC opened at $49.34 on Wednesday. HSBC Holdings plc has a 12-month low of $36.93 and a 12-month high of $49.86. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.96. The business has a 50 day simple moving average of $47.73 and a 200 day simple moving average of $45.21. The firm has a market capitalization of $177.77 billion, a P/E ratio of 8.16 and a beta of 0.54.

HSBC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 8th were given a dividend of $0.50 per share. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 4.05%. HSBC’s dividend payout ratio is currently 32.73%.

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.