Ballentine Partners LLC Purchases 2,930 Shares of HSBC Holdings plc (NYSE:HSBC)

Ballentine Partners LLC increased its position in HSBC Holdings plc (NYSE:HSBC) by 14.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,557 shares of the financial services provider’s stock after purchasing an additional 2,930 shares during the period. Ballentine Partners LLC’s holdings in HSBC were worth $1,165,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HSBC. Larson Financial Group LLC boosted its stake in HSBC by 138.5% in the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 450 shares in the last quarter. Brooklyn Investment Group bought a new position in HSBC in the 4th quarter worth about $49,000. Allworth Financial LP boosted its stake in HSBC by 40.9% in the 3rd quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 397 shares in the last quarter. Versant Capital Management Inc lifted its stake in HSBC by 116.2% during the 4th quarter. Versant Capital Management Inc now owns 1,498 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 805 shares during the period. Finally, Addison Advisors LLC lifted its stake in HSBC by 33.1% during the 3rd 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. Institutional investors own 1.48% of the company’s stock.

HSBC Price Performance

HSBC opened at $51.54 on Wednesday. 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 $184.59 billion, a P/E ratio of 8.52, a P/E/G ratio of 1.34 and a beta of 0.54. The company’s 50-day simple moving average is $48.07 and its two-hundred day simple moving average is $45.39. HSBC Holdings plc has a 52-week low of $36.93 and a 52-week high of $51.60.

HSBC (NYSE:HSBC) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter. The business 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 quarter in the prior year, the company posted $1.45 EPS. As a group, analysts predict that HSBC Holdings plc will post 6.67 EPS for the current year.

HSBC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 8th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend was Friday, November 8th. HSBC’s dividend payout ratio (DPR) is presently 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.