HSBC Holdings plc (NYSE:HSBC) Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC increased its position in shares of HSBC Holdings plc (NYSE:HSBC) by 18.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,689 shares of the financial services provider’s stock after purchasing an additional 5,182 shares during the period. Park Avenue Securities LLC’s holdings in HSBC were worth $1,617,000 at the end of the most recent quarter.

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

HSBC Stock Down 0.4 %

HSBC stock opened at $50.62 on Friday. The company’s 50 day simple moving average is $47.97 and its 200-day simple moving average is $45.33. The firm has a market capitalization of $182.37 billion, a PE ratio of 8.37 and a beta of 0.54. HSBC Holdings plc has a 12 month low of $36.93 and a 12 month high of $51.03. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.96.

HSBC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 8th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 3.95%. HSBC’s dividend payout ratio (DPR) is currently 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.