Bank of Montreal Can boosted its holdings in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 124.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 171,416 shares of the financial services provider's stock after buying an additional 94,991 shares during the quarter. Bank of Montreal Can's holdings in HSBC were worth $7,820,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Larson Financial Group LLC raised its holdings in HSBC by 138.5% in the third 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 in the last quarter. Family Firm Inc. purchased a new stake in shares of HSBC during the 2nd quarter worth $36,000. Ridgewood Investments LLC purchased a new position in HSBC in the second quarter valued at $47,000. Fifth Third Bancorp raised its stake in HSBC by 128.4% in the second quarter. Fifth Third Bancorp now owns 1,361 shares of the financial services provider's stock valued at $59,000 after buying an additional 765 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings 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 buying an additional 397 shares during the last quarter. Institutional investors and hedge funds own 1.48% of the company's stock.
HSBC Stock Up 1.0 %
Shares of HSBC traded up $0.46 during mid-day trading on Tuesday, reaching $47.47. The company's stock had a trading volume of 1,539,691 shares, compared to its average volume of 1,655,527. The company's 50 day moving average is $45.51 and its 200 day moving average is $44.21. The stock has a market cap of $171.91 billion, a PE ratio of 7.85 and a beta of 0.56. HSBC Holdings plc has a 12-month low of $36.93 and a 12-month high of $47.71. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.96.
HSBC Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 4.21%. HSBC's payout ratio is currently 32.73%.
About HSBC
(
Free Report)
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.
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