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

Versant Capital Management Inc boosted its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 116.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Ignite Planners LLC increased its stake in HSBC by 1.3% during the 3rd quarter. Ignite Planners LLC now owns 17,427 shares of the financial services provider’s stock worth $788,000 after purchasing an additional 225 shares in the last quarter. Huntington National Bank boosted its holdings in shares of HSBC by 11.9% in the third 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. Abel Hall LLC increased its position in shares of HSBC by 4.3% during the third quarter. Abel Hall LLC now owns 6,221 shares of the financial services provider’s stock worth $281,000 after acquiring an additional 257 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of HSBC by 1.9% during the third quarter. Integrated Wealth Concepts LLC now owns 14,185 shares of the financial services provider’s stock worth $641,000 after acquiring an additional 265 shares during the period. Finally, Dynamic Advisor Solutions LLC lifted its position in HSBC by 2.3% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 11,990 shares of the financial services provider’s stock valued at $542,000 after acquiring an additional 273 shares in the last quarter. 1.48% of the stock is currently owned by institutional investors.

HSBC Stock Performance

HSBC opened at $49.07 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $176.80 billion, a price-to-earnings ratio of 8.11 and a beta of 0.54. The business’s 50-day moving average price is $47.32 and its two-hundred day moving average price is $44.94. HSBC Holdings plc has a 1 year low of $36.93 and a 1 year high of $49.86.

HSBC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 8th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.08%. The ex-dividend date was Friday, November 8th. 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.