Franklin Resources Inc. Has $17.10 Million Stock Position in HSBC Holdings plc (NYSE:HSBC)

Franklin Resources Inc. lowered its stake in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 17.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 385,544 shares of the financial services provider's stock after selling 80,378 shares during the quarter. Franklin Resources Inc.'s holdings in HSBC were worth $17,103,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Raymond James & Associates lifted its holdings in shares of HSBC by 2.6% during the 2nd quarter. Raymond James & Associates now owns 361,416 shares of the financial services provider's stock worth $15,722,000 after acquiring an additional 9,323 shares during the period. Nisa Investment Advisors LLC raised its stake in HSBC by 410.1% during the second quarter. Nisa Investment Advisors LLC now owns 1,826 shares of the financial services provider's stock worth $79,000 after acquiring an additional 1,468 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of HSBC by 128.4% during the second quarter. Fifth Third Bancorp now owns 1,361 shares of the financial services provider's stock valued at $59,000 after acquiring an additional 765 shares during the period. &PARTNERS acquired a new stake in shares of HSBC in the 2nd quarter valued at $573,000. Finally, Family Firm Inc. acquired a new stake in shares of HSBC during the 2nd quarter worth about $36,000. 1.48% of the stock is currently owned by institutional investors and hedge funds.

HSBC Price Performance

Shares of HSBC traded up $0.12 on Friday, hitting $48.27. The company's stock had a trading volume of 1,248,695 shares, compared to its average volume of 1,625,992. The company has a 50 day moving average price of $46.34 and a 200 day moving average price of $44.56. 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 Holdings plc has a fifty-two week low of $36.93 and a fifty-two week high of $49.18. The company has a market capitalization of $173.91 billion, a PE ratio of 7.98 and a beta of 0.56.

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 paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date was Friday, November 8th. HSBC's dividend payout ratio 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.