5,826 Shares in HSBC Holdings plc (NYSE:HSBC) Acquired by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC purchased a new stake in shares of HSBC Holdings plc (NYSE:HSBC) during the third quarter, Holdings Channel.com reports. The firm purchased 5,826 shares of the financial services provider’s stock, valued at approximately $263,000.

Several other large investors have also recently made changes to their positions in the business. Family Firm Inc. bought a new position in shares of HSBC during the 2nd quarter valued at $36,000. Ridgewood Investments LLC purchased a new stake in HSBC during the second quarter valued at about $47,000. Fifth Third Bancorp grew its stake in shares of HSBC by 128.4% during the second quarter. Fifth Third Bancorp now owns 1,361 shares of the financial services provider’s stock valued at $59,000 after buying an additional 765 shares during the last quarter. Allworth Financial LP lifted its stake in shares of HSBC by 40.9% in the 3rd quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 397 shares during the last quarter. Finally, Addison Advisors LLC boosted its holdings in HSBC by 39.0% during the 2nd quarter. Addison Advisors LLC now owns 1,458 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 409 shares during the period. 1.48% of the stock is owned by hedge funds and other institutional investors.

HSBC Price Performance

Shares of HSBC stock opened at $45.94 on Friday. The firm has a market cap of $166.39 billion, a PE ratio of 7.59 and a beta of 0.56. The company’s fifty day simple moving average is $45.17 and its two-hundred day simple moving average is $44.10. 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 Holdings plc has a 12-month low of $36.93 and a 12-month high of $47.56.

HSBC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 8th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend is Friday, November 8th. HSBC’s payout ratio is 32.73%.

Wall Street Analysts Forecast Growth

Separately, Dbs Bank upgraded HSBC to a “strong-buy” rating in a research report on Wednesday, July 31st.

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.