Larson Financial Group LLC Increases Stock Position in HSBC Holdings plc (NYSE:HSBC)

Larson Financial Group LLC grew its position in shares of HSBC Holdings plc (NYSE:HSBC) by 138.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 775 shares of the financial services provider’s stock after purchasing an additional 450 shares during the quarter. Larson Financial Group LLC’s holdings in HSBC were worth $35,000 as of its most recent filing with the SEC.

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

HSBC Price Performance

Shares of NYSE HSBC opened at $46.89 on Friday. The stock has a fifty day moving average price of $45.43 and a 200 day moving average price of $44.18. HSBC Holdings plc has a 1-year low of $36.93 and a 1-year high of $47.56. 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 cap of $169.83 billion, a PE ratio of 7.75 and a beta of 0.56.

HSBC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 8th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.27%. The ex-dividend date of this dividend is Friday, November 8th. HSBC’s payout ratio is 32.73%.

HSBC Company 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.