Courier Capital LLC Trims Position in HSBC Holdings plc (NYSE:HSBC)

Courier Capital LLC lessened its stake in HSBC Holdings plc (NYSE:HSBC) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,492 shares of the financial services provider’s stock after selling 412 shares during the period. Courier Capital LLC’s holdings in HSBC were worth $420,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HSBC. Rhumbline Advisers increased its holdings in shares of HSBC by 1.2% in the second quarter. Rhumbline Advisers now owns 30,667 shares of the financial services provider’s stock valued at $1,334,000 after purchasing an additional 365 shares during the period. Private Advisor Group LLC increased its stake in HSBC by 2.5% in the 2nd quarter. Private Advisor Group LLC now owns 26,397 shares of the financial services provider’s stock valued at $1,148,000 after buying an additional 648 shares during the period. American Century Companies Inc. raised its position in HSBC by 4.6% during the 2nd quarter. American Century Companies Inc. now owns 850,842 shares of the financial services provider’s stock worth $37,012,000 after buying an additional 37,781 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of HSBC by 13.3% in the 2nd quarter. Parallel Advisors LLC now owns 10,079 shares of the financial services provider’s stock worth $438,000 after acquiring an additional 1,180 shares during the period. Finally, Angeles Investment Advisors LLC purchased a new stake in shares of HSBC in the second quarter valued at about $215,000. 1.48% of the stock is owned by hedge funds and other institutional investors.

HSBC Trading Down 0.7 %

NYSE HSBC opened at $49.01 on Tuesday. 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 moving average price of $47.69 and a 200 day moving average price of $45.17. The stock has a market capitalization of $176.58 billion, a P/E ratio of 8.10 and a beta of 0.54. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.52.

HSBC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders 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 annualized dividend and a dividend yield of 4.08%. 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.