CreativeOne Wealth LLC Makes New $217,000 Investment in HSBC Holdings plc (NYSE:HSBC)

CreativeOne Wealth LLC acquired a new position in shares of HSBC Holdings plc (NYSE:HSBC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,812 shares of the financial services provider’s stock, valued at approximately $217,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Larson Financial Group LLC increased its stake in shares of HSBC by 138.5% in the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 450 shares during the last quarter. Family Firm Inc. bought a new position in shares of HSBC in the 2nd quarter valued at $36,000. Ridgewood Investments LLC bought a new position in shares of HSBC in the 2nd quarter valued at $47,000. Fifth Third Bancorp increased its stake in shares of HSBC by 128.4% in the 2nd quarter. Fifth Third Bancorp now owns 1,361 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 765 shares during the last quarter. Finally, Allworth Financial LP increased its stake in shares of HSBC by 40.9% in 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 during the last quarter. Institutional investors own 1.48% of the company’s stock.

HSBC Trading Up 1.0 %

NYSE HSBC opened at $47.47 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.52. HSBC Holdings plc has a twelve month low of $36.93 and a twelve month high of $47.71. The company has a market cap of $171.91 billion, a price-to-earnings ratio of 7.85 and a beta of 0.56. The business’s fifty day moving average is $45.51 and its 200 day moving average is $44.21.

HSBC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 8th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend is Friday, November 8th. HSBC’s dividend payout ratio (DPR) is 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.