Hennessy Advisors Inc. Decreases Position in HSBC Holdings plc (NYSE:HSBC)

Hennessy Advisors Inc. reduced its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 125,200 shares of the financial services provider’s stock after selling 4,600 shares during the quarter. Hennessy Advisors Inc.’s holdings in HSBC were worth $6,192,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers lifted its position in shares of HSBC by 1.2% during the second quarter. Rhumbline Advisers now owns 30,667 shares of the financial services provider’s stock worth $1,334,000 after purchasing an additional 365 shares in the last quarter. Moors & Cabot Inc. acquired a new position in HSBC in the 2nd quarter worth $283,000. Mercer Global Advisors Inc. ADV boosted its position in HSBC by 13.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 163,923 shares of the financial services provider’s stock valued at $7,131,000 after buying an additional 19,670 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of HSBC by 23.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 81,273 shares of the financial services provider’s stock worth $3,535,000 after acquiring an additional 15,513 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new position in shares of HSBC in the second quarter worth about $304,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

HSBC Trading Down 0.4 %

Shares of HSBC opened at $50.62 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 0.96. HSBC Holdings plc has a one year low of $36.93 and a one year high of $51.03. The stock has a 50-day moving average price of $47.85 and a 200 day moving average price of $45.28. The company has a market capitalization of $182.37 billion, a P/E ratio of 8.37 and a beta of 0.54.

HSBC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders 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 payout ratio 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.