Riversedge Advisors LLC Makes New Investment in HSBC Holdings plc (NYSE:HSBC)

Riversedge Advisors LLC acquired a new stake in HSBC Holdings plc (NYSE:HSBC) in the 4th quarter, HoldingsChannel reports. The fund acquired 4,742 shares of the financial services provider’s stock, valued at approximately $235,000.

A number of other hedge funds have also recently modified their holdings of HSBC. Larson Financial Group LLC lifted its holdings in HSBC by 138.5% in the third quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 450 shares during the period. Brooklyn Investment Group acquired a new stake in shares of HSBC during the 4th quarter worth approximately $49,000. Allworth Financial LP increased its holdings in shares of HSBC by 40.9% during the 3rd quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 397 shares in the last quarter. Versant Capital Management Inc boosted its holdings in HSBC by 116.2% during the fourth quarter. Versant Capital Management Inc now owns 1,498 shares of the financial services provider’s stock worth $74,000 after buying an additional 805 shares in the last quarter. Finally, Addison Advisors LLC grew its position in HSBC by 33.1% during the third quarter. Addison Advisors LLC now owns 1,940 shares of the financial services provider’s stock valued at $88,000 after buying an additional 482 shares during the period. Hedge funds and other institutional investors own 1.48% of the company’s stock.

HSBC Stock Down 0.4 %

HSBC opened at $50.62 on Friday. The company has a fifty day moving average of $47.97 and a two-hundred day moving average of $45.33. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 0.96. HSBC Holdings plc has a fifty-two week low of $36.93 and a fifty-two week high of $51.03. The stock has a market capitalization of $182.37 billion, a price-to-earnings ratio of 8.37 and a beta of 0.54.

HSBC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 8th were issued a $0.50 dividend. The ex-dividend date was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 3.95%. HSBC’s payout ratio is 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.