Crossmark Global Holdings Inc. Raises Stock Holdings in HSBC Holdings plc (NYSE:HSBC)

Crossmark Global Holdings Inc. raised its position in HSBC Holdings plc (NYSE:HSBC) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 514,642 shares of the financial services provider’s stock after purchasing an additional 14,095 shares during the period. Crossmark Global Holdings Inc.’s holdings in HSBC were worth $25,454,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Larson Financial Group LLC boosted its stake in HSBC by 138.5% in the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock worth $35,000 after buying an additional 450 shares during the last quarter. Brooklyn Investment Group purchased a new stake in HSBC in the fourth quarter valued at approximately $49,000. Allworth Financial LP increased its position in HSBC by 40.9% during the third 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 during the last quarter. Versant Capital Management Inc raised its stake 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 purchasing an additional 805 shares during the period. Finally, Addison Advisors LLC grew its stake 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 valued at $88,000 after buying an additional 482 shares during the period. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

HSBC Stock Performance

HSBC stock opened at $50.62 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.96. HSBC Holdings plc has a 12 month low of $36.93 and a 12 month high of $51.03. The company has a market cap of $181.29 billion, a price-to-earnings ratio of 8.37, a price-to-earnings-growth ratio of 1.34 and a beta of 0.54. The stock’s 50-day moving average is $47.97 and its 200-day moving average is $45.35.

HSBC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 8th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend was Friday, November 8th. HSBC’s dividend payout ratio (DPR) 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.