Traveka Wealth LLC Boosts Stake in HSBC Holdings plc (NYSE:HSBC)

Traveka Wealth LLC boosted its position in shares of HSBC Holdings plc (NYSE:HSBC) by 7.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,833 shares of the financial services provider’s stock after acquiring an additional 678 shares during the quarter. Traveka Wealth LLC’s holdings in HSBC were worth $486,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its holdings in shares of HSBC by 138.5% in the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 450 shares during the period. Allworth Financial LP grew its position in HSBC by 40.9% during 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 during the last quarter. Versant Capital Management Inc increased its stake in HSBC by 116.2% in the fourth quarter. Versant Capital Management Inc now owns 1,498 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 805 shares during the period. Addison Advisors LLC raised its holdings in shares of HSBC by 33.1% in the third quarter. Addison Advisors LLC now owns 1,940 shares of the financial services provider’s stock valued at $88,000 after buying an additional 482 shares during the last quarter. Finally, Huntington National Bank grew its holdings in shares of HSBC by 11.9% during the third quarter. Huntington National Bank now owns 2,122 shares of the financial services provider’s stock worth $96,000 after buying an additional 226 shares during the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

HSBC Stock Down 0.7 %

HSBC opened at $49.01 on Tuesday. HSBC Holdings plc has a 52 week low of $36.93 and a 52 week high of $49.86. The business has a 50 day moving average price of $47.69 and a two-hundred day moving average price of $45.17. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.52. The company has a market cap of $176.58 billion, a PE ratio of 8.10 and a beta of 0.54.

HSBC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 8th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.08%. The ex-dividend date was Friday, November 8th. HSBC’s dividend payout ratio is presently 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.