Merit Financial Group LLC Acquires New Holdings in HSBC Holdings plc (NYSE:HSBC)

Merit Financial Group LLC bought a new stake in HSBC Holdings plc (NYSE:HSBC) in the 4th quarter, Holdings Channel reports. The institutional investor bought 5,932 shares of the financial services provider’s stock, valued at approximately $293,000.

Other large investors have also added to or reduced their stakes in the company. Larson Financial Group LLC lifted its holdings 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 buying an additional 450 shares during the period. Allworth Financial LP lifted its position in shares of HSBC by 40.9% during 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 period. Versant Capital Management Inc boosted its position in shares of HSBC by 116.2% during the 4th 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 in the last quarter. Addison Advisors LLC grew its stake in HSBC by 33.1% in the third quarter. Addison Advisors LLC now owns 1,940 shares of the financial services provider’s stock valued at $88,000 after acquiring an additional 482 shares during the period. 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 purchasing an additional 226 shares in the last quarter. Institutional investors own 1.48% of the company’s stock.

HSBC Trading Down 0.2 %

HSBC opened at $51.31 on Friday. The firm has a market capitalization of $183.77 billion, a PE ratio of 8.48, a P/E/G ratio of 1.35 and a beta of 0.54. HSBC Holdings plc has a fifty-two week low of $36.93 and a fifty-two week high of $51.60. The company’s 50-day moving average is $48.57 and its 200 day moving average is $45.58. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.96.

HSBC (NYSE:HSBC) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $1.70 earnings per share for the quarter. The company had revenue of $36.62 billion for the quarter. HSBC had a net margin of 15.70% and a return on equity of 10.71%. During the same period in the previous year, the business earned $1.45 earnings per share. As a group, research analysts predict that HSBC Holdings plc will post 6.67 earnings per share for the current fiscal year.

HSBC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders 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 dividend yield of 3.90%. The ex-dividend date of this dividend 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.