Wilmington Savings Fund Society FSB Acquires New Stake in HSBC Holdings plc (NYSE:HSBC)

Wilmington Savings Fund Society FSB bought a new position in HSBC Holdings plc (NYSE:HSBC) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,692 shares of the financial services provider’s stock, valued at approximately $122,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mediolanum International Funds Ltd acquired a new stake in shares of HSBC in the third quarter valued at $139,895,000. FMR LLC lifted its holdings in HSBC by 44.3% in the 3rd quarter. FMR LLC now owns 2,442,205 shares of the financial services provider’s stock valued at $110,363,000 after acquiring an additional 749,759 shares during the last quarter. American Century Companies Inc. boosted its position in shares of HSBC by 4.6% during the 2nd quarter. American Century Companies Inc. now owns 850,842 shares of the financial services provider’s stock valued at $37,012,000 after purchasing an additional 37,781 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of HSBC by 15.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 500,547 shares of the financial services provider’s stock worth $22,620,000 after purchasing an additional 67,941 shares during the last quarter. Finally, Natixis Advisors LLC lifted its stake in HSBC by 22.1% during the second quarter. Natixis Advisors LLC now owns 413,789 shares of the financial services provider’s stock valued at $18,000,000 after purchasing an additional 74,980 shares during the last quarter. 1.48% of the stock is owned by institutional investors.

HSBC Trading Up 0.5 %

HSBC stock opened at $48.15 on Friday. The firm has a market cap of $173.48 billion, a price-to-earnings ratio of 7.96 and a beta of 0.56. HSBC Holdings plc has a 1 year low of $36.93 and a 1 year high of $49.18. The firm’s 50 day moving average price is $46.27 and its two-hundred day moving average price is $44.54. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 8th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date 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.