Ignite Planners LLC Has $878,000 Stock Position in HSBC Holdings plc (NYSE:HSBC)

Ignite Planners LLC lifted its holdings in HSBC Holdings plc (NYSE:HSBC) by 2.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,889 shares of the financial services provider’s stock after acquiring an additional 462 shares during the period. Ignite Planners LLC’s holdings in HSBC were worth $878,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of HSBC. Larson Financial Group LLC grew its position in shares of 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 in the last quarter. Allworth Financial LP increased its stake 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 acquiring an additional 397 shares during the period. Versant Capital Management Inc raised its holdings in HSBC by 116.2% in the 4th quarter. Versant Capital Management Inc now owns 1,498 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 805 shares in the last quarter. Addison Advisors LLC lifted its position in shares of HSBC by 33.1% during the 3rd quarter. Addison Advisors LLC now owns 1,940 shares of the financial services provider’s stock valued at $88,000 after acquiring an additional 482 shares during the period. Finally, Huntington National Bank grew its holdings in shares of HSBC by 11.9% during the 3rd quarter. Huntington National Bank now owns 2,122 shares of the financial services provider’s stock worth $96,000 after purchasing an additional 226 shares in the last quarter. 1.48% of the stock is owned by institutional investors.

HSBC Stock Down 0.7 %

HSBC stock opened at $49.01 on Tuesday. HSBC Holdings plc has a 52 week low of $36.93 and a 52 week high of $49.86. The business has a 50-day simple moving average of $47.69 and a 200 day simple moving average of $45.17. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.52. The company has a market cap of $176.58 billion, a PE ratio of 8.10 and a beta of 0.54.

HSBC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders 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 dividend yield of 4.08%. The ex-dividend date was Friday, November 8th. HSBC’s dividend payout ratio (DPR) 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.