Ritholtz Wealth Management Has $6.98 Million Stock Holdings in HSBC Holdings plc (NYSE:HSBC)

Ritholtz Wealth Management grew its stake in HSBC Holdings plc (NYSE:HSBC - Free Report) by 12.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 141,108 shares of the financial services provider's stock after purchasing an additional 15,510 shares during the quarter. Ritholtz Wealth Management's holdings in HSBC were worth $6,979,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in HSBC. Mediolanum International Funds Ltd acquired a new stake in HSBC in the third quarter worth $139,895,000. FMR LLC increased its position in shares of 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 buying an additional 749,759 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in HSBC during the 3rd quarter worth $54,770,000. Bank of Montreal Can grew its stake in HSBC by 124.3% in the third quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider's stock valued at $7,820,000 after acquiring an additional 94,991 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in shares of HSBC by 383.4% in the third quarter. BNP Paribas Financial Markets now owns 93,675 shares of the financial services provider's stock worth $4,233,000 after acquiring an additional 74,295 shares in the last quarter. 1.48% of the stock is currently owned by institutional investors.

HSBC Stock Down 0.4 %

Shares of NYSE:HSBC traded down $0.19 during trading on Friday, hitting $50.62. 1,531,339 shares of the company's stock traded hands, compared to its average volume of 1,457,258. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. The company has a 50-day moving average price of $47.85 and a 200-day moving average price of $45.28. HSBC Holdings plc has a 52 week low of $36.93 and a 52 week high of $51.03. The company has a market cap of $182.37 billion, a price-to-earnings ratio of 8.37 and a beta of 0.54.

HSBC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 8th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 3.95%. HSBC's dividend payout ratio is currently 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.