Brooklyn Investment Group Acquires Shares of 1,000 HSBC Holdings plc (NYSE:HSBC)

Brooklyn Investment Group bought a new stake in HSBC Holdings plc (NYSE:HSBC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,000 shares of the financial services provider’s stock, valued at approximately $49,000.

Other institutional investors have also modified their holdings of the company. Rhumbline Advisers increased its stake in HSBC by 1.2% in the 2nd quarter. Rhumbline Advisers now owns 30,667 shares of the financial services provider’s stock valued at $1,334,000 after buying an additional 365 shares during the period. Hsbc Holdings PLC purchased a new position in HSBC during the second quarter worth about $304,000. Sei Investments Co. lifted its position in HSBC by 5.5% in the second quarter. Sei Investments Co. now owns 119,144 shares of the financial services provider’s stock valued at $5,183,000 after purchasing an additional 6,174 shares during the period. Summit Trail Advisors LLC purchased a new stake in HSBC in the 2nd quarter valued at approximately $296,000. Finally, Frank Rimerman Advisors LLC purchased a new position in shares of HSBC during the 2nd quarter worth approximately $2,590,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Stock Down 0.4 %

HSBC stock opened at $50.62 on Monday. The stock’s 50 day moving average price is $47.97 and its 200 day moving average price is $45.34. The company has a market cap of $182.37 billion, a PE ratio of 8.37 and a beta of 0.54. 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 1-year low of $36.93 and a 1-year high of $51.03.

HSBC Announces Dividend

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