Grove Bank & Trust Has $97,000 Holdings in HSBC Holdings plc (NYSE:HSBC)

Grove Bank & Trust lessened its stake in HSBC Holdings plc (NYSE:HSBC) by 24.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,958 shares of the financial services provider’s stock after selling 635 shares during the quarter. Grove Bank & Trust’s holdings in HSBC were worth $97,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HSBC. Mediolanum International Funds Ltd acquired a new stake in HSBC in the 3rd quarter valued at about $139,895,000. FMR LLC boosted its stake in shares of HSBC by 44.3% in the 3rd quarter. FMR LLC now owns 2,442,205 shares of the financial services provider’s stock valued at $110,363,000 after purchasing an additional 749,759 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of HSBC in the 3rd quarter valued at about $54,770,000. Bank of Montreal Can boosted its stake in shares of HSBC by 124.3% in the 3rd quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider’s stock valued at $7,820,000 after purchasing an additional 94,991 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of HSBC by 383.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 93,675 shares of the financial services provider’s stock valued at $4,233,000 after purchasing an additional 74,295 shares during the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Stock Down 0.4 %

Shares of NYSE HSBC opened at $50.62 on Tuesday. The firm has a market capitalization of $182.37 billion, a PE ratio of 8.37 and a beta of 0.54. 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 1 year low of $36.93 and a 1 year high of $51.03. The firm’s 50-day moving average is $47.97 and its 200-day moving average is $45.35.

HSBC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders 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 was Friday, November 8th. HSBC’s dividend payout ratio (DPR) is presently 32.73%.

HSBC 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.