Ballentine Partners LLC Acquires 2,930 Shares of HSBC Holdings plc (NYSE:HSBC)

Ballentine Partners LLC lifted its holdings in HSBC Holdings plc (NYSE:HSBC) by 14.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,557 shares of the financial services provider’s stock after purchasing an additional 2,930 shares during the period. Ballentine Partners LLC’s holdings in HSBC were worth $1,165,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Mediolanum International Funds Ltd bought a new position in shares of HSBC in the 3rd quarter worth approximately $139,895,000. FMR LLC increased its holdings in HSBC by 44.3% in the 3rd quarter. FMR LLC now owns 2,442,205 shares of the financial services provider’s stock worth $110,363,000 after acquiring an additional 749,759 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in HSBC by 15.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 500,547 shares of the financial services provider’s stock worth $22,620,000 after acquiring an additional 67,941 shares in the last quarter. QRG Capital Management Inc. increased its holdings in HSBC by 2.5% in the 3rd quarter. QRG Capital Management Inc. now owns 310,442 shares of the financial services provider’s stock worth $14,029,000 after acquiring an additional 7,448 shares in the last quarter. Finally, Meritage Portfolio Management increased its holdings in HSBC by 28.9% in the 3rd quarter. Meritage Portfolio Management now owns 301,813 shares of the financial services provider’s stock worth $13,639,000 after acquiring an additional 67,617 shares in the last quarter. Institutional investors own 1.48% of the company’s stock.

HSBC Trading Up 1.8 %

HSBC stock opened at $51.54 on Wednesday. The firm has a 50 day moving average of $48.07 and a 200 day moving average of $45.39. The firm has a market capitalization of $184.59 billion, a price-to-earnings ratio of 8.52, a P/E/G ratio of 1.34 and a beta of 0.54. HSBC Holdings plc has a 12-month low of $36.93 and a 12-month high of $51.60. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52.

HSBC (NYSE:HSBC) last released its earnings results on Tuesday, October 29th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter. HSBC had a net margin of 15.70% and a return on equity of 10.71%. The company had revenue of $36.62 billion during the quarter. During the same period in the prior year, the company posted $1.45 earnings per share. As a group, research analysts predict that HSBC Holdings plc will post 6.67 earnings per share for the current year.

HSBC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 8th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date was Friday, November 8th. HSBC’s dividend payout ratio (DPR) 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.