HSBC Holdings plc (NYSE:HSBC) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC grew its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 18.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 157,846 shares of the financial services provider’s stock after purchasing an additional 24,080 shares during the period. HighTower Advisors LLC’s holdings in HSBC were worth $7,135,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Larson Financial Group LLC grew its stake 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 last quarter. Family Firm Inc. bought a new position in shares of HSBC during the second quarter worth about $36,000. Ridgewood Investments LLC bought a new position in shares of HSBC during the second quarter worth about $47,000. Fifth Third Bancorp grew its position 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 worth $59,000 after acquiring an additional 765 shares during the last quarter. Finally, Allworth Financial LP grew its position 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 worth $62,000 after acquiring an additional 397 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors.

HSBC Price Performance

NYSE HSBC opened at $47.96 on Tuesday. HSBC Holdings plc has a 52 week low of $36.93 and a 52 week high of $48.45. 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 stock has a market cap of $172.78 billion, a price-to-earnings ratio of 7.93 and a beta of 0.56. The company has a 50-day moving average price of $45.70 and a two-hundred day moving average price of $44.31.

HSBC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 8th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend is Friday, November 8th. HSBC’s dividend payout ratio (DPR) is 32.73%.

About HSBC

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.