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

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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mediolanum International Funds Ltd bought a new stake in shares of HSBC in the 3rd quarter valued at about $139,895,000. FMR LLC boosted its holdings in HSBC by 44.3% in the third quarter. FMR LLC now owns 2,442,205 shares of the financial services provider’s stock valued at $110,363,000 after acquiring an additional 749,759 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in HSBC during the 3rd quarter valued at approximately $54,770,000. Bank of Montreal Can raised its holdings in HSBC by 124.3% during the 3rd quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider’s stock worth $7,820,000 after purchasing an additional 94,991 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of HSBC by 383.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 93,675 shares of the financial services provider’s stock worth $4,233,000 after purchasing an additional 74,295 shares during the period. 1.48% of the stock is currently owned by institutional investors.

HSBC Trading Down 0.7 %

HSBC opened at $49.01 on Tuesday. The stock has a market cap of $176.58 billion, a PE ratio of 8.10 and a beta of 0.54. 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 $49.86. The company has a fifty day moving average of $47.69 and a 200-day moving average of $45.17.

HSBC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 8th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend 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.