Versant Capital Management Inc Acquires 805 Shares of HSBC Holdings plc (NYSE:HSBC)

Versant Capital Management Inc grew its stake in HSBC Holdings plc (NYSE:HSBC) by 116.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,498 shares of the financial services provider’s stock after acquiring an additional 805 shares during the period. Versant Capital Management Inc’s holdings in HSBC were worth $74,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bank of New York Mellon Corp grew its stake in HSBC by 5.0% in the second quarter. Bank of New York Mellon Corp now owns 134,645 shares of the financial services provider’s stock valued at $5,857,000 after purchasing an additional 6,377 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of HSBC by 13.6% in the second quarter. Commonwealth Equity Services LLC now owns 56,520 shares of the financial services provider’s stock valued at $2,459,000 after buying an additional 6,784 shares in the last quarter. Rhumbline Advisers increased its holdings in HSBC by 1.2% during the second quarter. Rhumbline Advisers now owns 30,667 shares of the financial services provider’s stock worth $1,334,000 after buying an additional 365 shares during the last quarter. Private Advisor Group LLC lifted its stake in HSBC by 2.5% in the second quarter. Private Advisor Group LLC now owns 26,397 shares of the financial services provider’s stock valued at $1,148,000 after acquiring an additional 648 shares during the last quarter. Finally, Savant Capital LLC grew its position in shares of HSBC by 57.5% in the 2nd quarter. Savant Capital LLC now owns 10,333 shares of the financial services provider’s stock valued at $449,000 after acquiring an additional 3,772 shares during the period. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Stock Up 0.8 %

Shares of HSBC stock opened at $49.07 on Monday. HSBC Holdings plc has a 52-week low of $36.93 and a 52-week high of $49.86. The stock has a market cap of $176.80 billion, a price-to-earnings ratio of 8.11 and a beta of 0.54. The firm’s 50-day moving average is $47.32 and its 200-day moving average is $44.94. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 0.96.

HSBC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 8th were given a $0.50 dividend. The ex-dividend date was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.08%. HSBC’s payout ratio is 32.73%.

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.