HSBC Holdings plc (NYSE:HSBC) Holdings Lifted by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,909 shares of the financial services provider’s stock after buying an additional 235 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in HSBC were worth $990,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC boosted its position in HSBC by 138.5% during the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 450 shares during the period. Allworth Financial LP raised its stake in shares of 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 in the last quarter. Versant Capital Management Inc lifted its holdings in HSBC by 116.2% in the fourth quarter. Versant Capital Management Inc now owns 1,498 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 805 shares during the period. Addison Advisors LLC grew its position in HSBC by 33.1% in the 3rd quarter. Addison Advisors LLC now owns 1,940 shares of the financial services provider’s stock valued at $88,000 after buying an additional 482 shares in the last quarter. Finally, Huntington National Bank increased its stake in HSBC by 11.9% during 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. 1.48% of the stock is currently owned by institutional investors and hedge funds.

HSBC Trading Up 1.3 %

Shares of NYSE:HSBC opened at $49.99 on Thursday. HSBC Holdings plc has a twelve month low of $36.93 and a twelve month high of $50.08. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. The firm has a market cap of $180.11 billion, a P/E ratio of 8.26 and a beta of 0.54. The company has a 50 day moving average of $47.73 and a 200-day moving average of $45.21.

HSBC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 8th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date was Friday, November 8th. HSBC’s payout ratio 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.