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

Wealth Enhancement Advisory Services LLC increased its holdings in HSBC Holdings plc (NYSE:HSBC) by 1.1% during the fourth quarter, Holdings Channel reports. The firm owned 21,909 shares of the financial services provider’s stock after purchasing an additional 235 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in HSBC were worth $990,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Ignite Planners LLC increased its holdings in shares of HSBC by 1.3% in the third quarter. Ignite Planners LLC now owns 17,427 shares of the financial services provider’s stock valued at $788,000 after buying an additional 225 shares in the last quarter. Huntington National Bank raised its position in shares of 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 during the period. Abel Hall LLC lifted its holdings 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 valued at $281,000 after purchasing an additional 257 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of HSBC by 1.9% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 14,185 shares of the financial services provider’s stock valued at $641,000 after purchasing an additional 265 shares during the period. Finally, Dynamic Advisor Solutions LLC raised its holdings in HSBC by 2.3% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 11,990 shares of the financial services provider’s stock worth $542,000 after buying an additional 273 shares during the period. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Price Performance

HSBC stock opened at $49.99 on Thursday. The firm has a 50-day moving average of $47.73 and a two-hundred day moving average of $45.21. The firm has a market capitalization of $180.11 billion, a PE ratio of 8.26 and a beta of 0.54. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. HSBC Holdings plc has a one year low of $36.93 and a one year high of $50.08.

HSBC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 8th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.00%. The ex-dividend date was 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.