Wealth Enhancement Advisory Services LLC Buys 542 Shares of HSBC Holdings plc (NYSE:HSBC)

Wealth Enhancement Advisory Services LLC lifted its stake in HSBC Holdings plc (NYSE:HSBC) by 2.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,674 shares of the financial services provider’s stock after acquiring an additional 542 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in HSBC were worth $979,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in HSBC. Ignite Planners LLC boosted its stake in HSBC by 1.3% during the third quarter. Ignite Planners LLC now owns 17,427 shares of the financial services provider’s stock valued at $788,000 after buying an additional 225 shares during the period. Drive Wealth Management LLC boosted its stake in HSBC by 4.5% during the second quarter. Drive Wealth Management LLC now owns 6,364 shares of the financial services provider’s stock valued at $277,000 after buying an additional 273 shares during the period. Dynamic Advisor Solutions LLC boosted its stake in HSBC by 2.3% during the third quarter. Dynamic Advisor Solutions LLC now owns 11,990 shares of the financial services provider’s stock valued at $542,000 after buying an additional 273 shares during the period. Crumly & Associates Inc. boosted its stake in HSBC by 1.8% during the second quarter. Crumly & Associates Inc. now owns 15,970 shares of the financial services provider’s stock valued at $695,000 after buying an additional 287 shares during the period. Finally, Private Advisor Group LLC boosted its stake in HSBC by 1.2% during the third quarter. Private Advisor Group LLC now owns 26,715 shares of the financial services provider’s stock valued at $1,207,000 after buying an additional 318 shares during the period. 1.48% of the stock is owned by institutional investors.

HSBC Trading Up 1.4 %

NYSE HSBC opened at $47.27 on Wednesday. The stock’s 50-day simple moving average is $44.60 and its two-hundred day simple moving average is $43.84. HSBC Holdings plc has a twelve month low of $36.63 and a twelve month high of $47.35. 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 company has a market capitalization of $103.64 billion, a price-to-earnings ratio of 7.81 and a beta of 0.56.

HSBC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 8th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 4.23%. HSBC’s payout ratio is 32.73%.

Analyst Upgrades and Downgrades

Separately, Dbs Bank raised HSBC to a “strong-buy” rating in a research note on Wednesday, July 31st.

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.