HSBC Holdings plc (NYSE:HSBC) Stock Position Raised by Park Avenue Securities LLC

Park Avenue Securities LLC lifted its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 18.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 32,689 shares of the financial services provider’s stock after purchasing an additional 5,182 shares during the quarter. Park Avenue Securities LLC’s holdings in HSBC were worth $1,617,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Larson Financial Group LLC grew its position in HSBC by 138.5% in the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 450 shares during the last quarter. Allworth Financial LP lifted its stake in HSBC by 40.9% during the third quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 397 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of HSBC by 116.2% during the fourth quarter. Versant Capital Management Inc now owns 1,498 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 805 shares during the period. Addison Advisors LLC raised its holdings in shares of HSBC by 33.1% during the third quarter. Addison Advisors LLC now owns 1,940 shares of the financial services provider’s stock valued at $88,000 after acquiring an additional 482 shares during the period. Finally, Huntington National Bank increased its stake in HSBC by 11.9% in the 3rd quarter. Huntington National Bank now owns 2,122 shares of the financial services provider’s stock valued at $96,000 after buying an additional 226 shares during the period. Institutional investors own 1.48% of the company’s stock.

HSBC Stock Performance

Shares of HSBC opened at $50.62 on Friday. The company’s fifty day moving average is $47.97 and its 200-day moving average is $45.33. HSBC Holdings plc has a 12 month low of $36.93 and a 12 month high of $51.03. The firm has a market cap of $182.37 billion, a price-to-earnings ratio of 8.37 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 8th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend was Friday, November 8th. 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.