Stifel Financial Corp Trims Stock Position in HSBC Holdings plc (NYSE:HSBC)

Stifel Financial Corp lessened its holdings in HSBC Holdings plc (NYSE:HSBC) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 136,363 shares of the financial services provider’s stock after selling 1,764 shares during the period. Stifel Financial Corp’s holdings in HSBC were worth $6,744,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Berbice Capital Management LLC purchased a new stake in shares of HSBC in the fourth quarter valued at about $25,000. Venturi Wealth Management LLC raised its position in shares of HSBC by 58.2% in the fourth quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock valued at $28,000 after buying an additional 210 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in shares of HSBC in the fourth quarter valued at approximately $30,000. Brooklyn Investment Group acquired a new position in shares of HSBC in the fourth quarter valued at approximately $49,000. Finally, Sierra Ocean LLC acquired a new position in shares of HSBC in the fourth quarter valued at approximately $73,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

HSBC Stock Up 0.6 %

Shares of NYSE HSBC opened at $56.34 on Tuesday. HSBC Holdings plc has a 1 year low of $39.42 and a 1 year high of $61.88. The firm has a market cap of $200.63 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 1.05 and a beta of 0.40. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88. The stock’s 50-day simple moving average is $55.36 and its 200-day simple moving average is $51.01.

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

HSBC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, March 7th were issued a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 12.78%. The ex-dividend date of this dividend was Friday, March 7th. HSBC’s dividend payout ratio (DPR) is presently 115.81%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on HSBC shares. Barclays raised shares of HSBC from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 4th. StockNews.com raised shares of HSBC from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft lowered shares of HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. UBS Group reaffirmed a “neutral” rating on shares of HSBC in a research report on Thursday, March 6th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating on shares of HSBC in a research report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, HSBC presently has an average 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.