Grove Bank & Trust Sells 635 Shares of HSBC Holdings plc (NYSE:HSBC)

Grove Bank & Trust trimmed its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 24.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,958 shares of the financial services provider’s stock after selling 635 shares during the period. Grove Bank & Trust’s holdings in HSBC were worth $97,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC lifted its holdings 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 acquiring an additional 450 shares during the period. Brooklyn Investment Group acquired a new stake in shares of HSBC during the 4th quarter worth about $49,000. Allworth Financial LP increased its position 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 worth $62,000 after purchasing an additional 397 shares in the last quarter. Versant Capital Management Inc increased its position in shares of HSBC by 116.2% during the 4th quarter. Versant Capital Management Inc now owns 1,498 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 805 shares in the last quarter. Finally, Addison Advisors LLC increased 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 worth $88,000 after purchasing an additional 482 shares in the last quarter. 1.48% of the stock is owned by institutional investors.

HSBC Trading Down 0.4 %

Shares of HSBC stock opened at $50.62 on Tuesday. The stock has a market capitalization of $182.37 billion, a P/E ratio of 8.37 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. The company has a 50-day simple moving average of $47.97 and a 200 day simple moving average of $45.35. HSBC Holdings plc has a 12-month low of $36.93 and a 12-month high of $51.03.

HSBC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 8th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date was Friday, November 8th. HSBC’s dividend payout ratio (DPR) is currently 32.73%.

About HSBC

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.