OneDigital Investment Advisors LLC Acquires New Shares in HSBC Holdings plc (NYSE:HSBC)

OneDigital Investment Advisors LLC bought a new position in shares of HSBC Holdings plc (NYSE:HSBC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,826 shares of the financial services provider’s stock, valued at approximately $263,000.

A number of other large investors have also recently made changes to their positions in the stock. Family Firm Inc. bought a new position in HSBC in the 2nd quarter worth about $36,000. Ridgewood Investments LLC bought a new position in shares of HSBC in the second quarter valued at approximately $47,000. Fifth Third Bancorp grew its stake in HSBC by 128.4% during the second quarter. Fifth Third Bancorp now owns 1,361 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 765 shares in the last quarter. Allworth Financial LP lifted its stake in HSBC by 40.9% in 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 in the last quarter. Finally, Addison Advisors LLC lifted its stake in HSBC by 39.0% in the 2nd quarter. Addison Advisors LLC now owns 1,458 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 409 shares in the last quarter. 1.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Dbs Bank raised shares of HSBC to a “strong-buy” rating in a report on Wednesday, July 31st.

HSBC Stock Down 0.8 %

Shares of NYSE HSBC opened at $45.94 on Friday. The business has a 50-day moving average of $45.17 and a 200-day moving average of $44.10. The firm has a market capitalization of $166.39 billion, a price-to-earnings ratio of 7.59 and a beta of 0.56. 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 12 month low of $36.93 and a 12 month high of $47.56.

HSBC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 8th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend is Friday, November 8th. HSBC’s dividend payout ratio (DPR) is currently 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.