CreativeOne Wealth LLC Takes Position in HSBC Holdings plc (NYSE:HSBC)

CreativeOne Wealth LLC acquired a new stake in HSBC Holdings plc (NYSE:HSBC) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,812 shares of the financial services provider’s stock, valued at approximately $217,000.

Other hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC lifted its holdings in HSBC by 138.5% during the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 450 shares during the last quarter. Family Firm Inc. acquired a new stake in HSBC during the 2nd quarter worth approximately $36,000. Ridgewood Investments LLC acquired a new stake in HSBC during the 2nd quarter worth approximately $47,000. Fifth Third Bancorp lifted its holdings in HSBC by 128.4% during the 2nd quarter. Fifth Third Bancorp now owns 1,361 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 765 shares during 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 purchasing an additional 397 shares during the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Stock Performance

NYSE:HSBC opened at $47.47 on Wednesday. The stock has a market cap of $171.91 billion, a P/E ratio of 7.85 and a beta of 0.56. The stock has a 50 day simple moving average of $45.51 and a 200 day simple moving average of $44.21. 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 Holdings plc has a 1-year low of $36.93 and a 1-year high of $47.71.

HSBC Dividend Announcement

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 paid 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 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.