Abel Hall LLC Raises Position in HSBC Holdings plc (NYSE:HSBC)

Abel Hall LLC boosted its position in HSBC Holdings plc (NYSE:HSBC) by 4.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,221 shares of the financial services provider’s stock after purchasing an additional 257 shares during the period. Abel Hall LLC’s holdings in HSBC were worth $281,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of HSBC. Raelipskie Partnership increased its stake in shares of HSBC by 26.6% in the third quarter. Raelipskie Partnership now owns 39,343 shares of the financial services provider’s stock worth $1,778,000 after purchasing an additional 8,257 shares in the last quarter. XTX Topco Ltd purchased a new position in HSBC in the 3rd quarter valued at approximately $1,956,000. Stifel Financial Corp raised its holdings in HSBC by 40.0% during the 3rd quarter. Stifel Financial Corp now owns 138,127 shares of the financial services provider’s stock valued at $6,242,000 after acquiring an additional 39,465 shares during the period. Integrated Wealth Concepts LLC lifted its position in shares of HSBC by 1.9% during the third quarter. Integrated Wealth Concepts LLC now owns 14,185 shares of the financial services provider’s stock worth $641,000 after acquiring an additional 265 shares in the last quarter. Finally, HighTower Advisors LLC grew its position in shares of HSBC by 18.0% in the third quarter. HighTower Advisors LLC now owns 157,846 shares of the financial services provider’s stock valued at $7,135,000 after purchasing an additional 24,080 shares in the last quarter. 1.48% of the stock is owned by hedge funds and other institutional investors.

HSBC Stock Performance

Shares of HSBC opened at $47.59 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $171.46 billion, a price-to-earnings ratio of 7.87 and a beta of 0.56. HSBC Holdings plc has a 52-week low of $36.93 and a 52-week high of $48.26. The stock’s 50-day simple moving average is $45.65 and its 200 day simple moving average is $44.28.

HSBC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 8th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 4.20%. HSBC’s dividend payout ratio is currently 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.