Richard P Slaughter Associates Inc Lowers Position in HSBC Holdings plc (NYSE:HSBC)

Richard P Slaughter Associates Inc decreased its position in HSBC Holdings plc (NYSE:HSBC) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,116 shares of the financial services provider’s stock after selling 1,378 shares during the quarter. Richard P Slaughter Associates Inc’s holdings in HSBC were worth $1,935,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of 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 last quarter. Allworth Financial LP boosted its stake in shares of HSBC by 40.9% during the third quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider’s stock worth $62,000 after buying an additional 397 shares during the period. Versant Capital Management Inc increased its position in HSBC by 116.2% in 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. Addison Advisors LLC grew its stake in shares of HSBC by 33.1% in the 3rd quarter. Addison Advisors LLC now owns 1,940 shares of the financial services provider’s stock valued at $88,000 after purchasing an additional 482 shares during the last quarter. Finally, JCIC Asset Management Inc. increased its stake in HSBC by 42.7% in the 4th quarter. JCIC Asset Management Inc. now owns 2,112 shares of the financial services provider’s stock valued at $104,000 after buying an additional 632 shares during the period. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Stock Up 0.7 %

Shares of NYSE:HSBC opened at $49.34 on Wednesday. HSBC Holdings plc has a fifty-two week low of $36.93 and a fifty-two week high of $49.86. The firm’s 50-day simple moving average is $47.73 and its 200-day simple moving average is $45.21. The company has a market cap of $177.77 billion, a price-to-earnings ratio of 8.16 and a beta of 0.54. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.52.

HSBC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 8th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 4.05%. HSBC’s dividend payout ratio (DPR) 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.