Mitchell & Pahl Private Wealth LLC Has $1.18 Million Stake in HSBC Holdings plc (NYSE:HSBC)

Mitchell & Pahl Private Wealth LLC grew its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 5.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 23,777 shares of the financial services provider’s stock after acquiring an additional 1,159 shares during the quarter. Mitchell & Pahl Private Wealth LLC’s holdings in HSBC were worth $1,176,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Ballentine Partners LLC grew its position in shares of HSBC by 14.2% during the 4th quarter. Ballentine Partners LLC now owns 23,557 shares of the financial services provider’s stock worth $1,165,000 after buying an additional 2,930 shares during the period. Clarius Group LLC boosted its stake in HSBC by 2.6% during the fourth quarter. Clarius Group LLC now owns 10,661 shares of the financial services provider’s stock worth $527,000 after acquiring an additional 275 shares in the last quarter. Aaron Wealth Advisors LLC grew its holdings in HSBC by 13.9% in the fourth quarter. Aaron Wealth Advisors LLC now owns 23,763 shares of the financial services provider’s stock worth $1,175,000 after purchasing an additional 2,894 shares during the period. Riversedge Advisors LLC bought a new stake in HSBC in the fourth quarter valued at $235,000. Finally, Brooklyn Investment Group bought a new position in shares of HSBC during the 4th quarter worth about $49,000. 1.48% of the stock is owned by institutional investors.

HSBC Trading Down 0.4 %

Shares of HSBC stock opened at $50.62 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 0.96. HSBC Holdings plc has a 52 week low of $36.93 and a 52 week high of $51.03. The stock has a 50 day moving average price of $47.97 and a two-hundred day moving average price of $45.35. The stock has a market capitalization of $181.29 billion, a PE ratio of 8.37, a price-to-earnings-growth ratio of 1.34 and a beta of 0.54.

HSBC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 8th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 3.95%. 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.