Aprio Wealth Management LLC Grows Holdings in HSBC Holdings plc (NYSE:HSBC)

Aprio Wealth Management LLC increased its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 37.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,260 shares of the financial services provider’s stock after buying an additional 4,743 shares during the period. Aprio Wealth Management LLC’s holdings in HSBC were worth $854,000 at the end of the most recent quarter.

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

HSBC Trading Up 0.1 %

Shares of NYSE:HSBC opened at $49.42 on Monday. HSBC Holdings plc has a 52 week low of $36.93 and a 52 week high of $49.86. The company’s 50 day moving average is $47.64 and its two-hundred day moving average is $45.13. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. The company has a market cap of $178.06 billion, a PE ratio of 8.17 and a beta of 0.54.

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 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date was Friday, November 8th. HSBC’s dividend payout ratio is presently 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.