Savant Capital LLC Purchases 3,772 Shares of HSBC Holdings plc (NYSE:HSBC)

Savant Capital LLC raised its position in shares of HSBC Holdings plc (NYSE:HSBC) by 57.5% during the second quarter, HoldingsChannel.com reports. The fund owned 10,333 shares of the financial services provider’s stock after buying an additional 3,772 shares during the quarter. Savant Capital LLC’s holdings in HSBC were worth $449,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of HSBC. Richardson Financial Services Inc. bought a new position in shares of HSBC during the 4th quarter worth about $27,000. Rise Advisors LLC bought a new position in shares of HSBC during the 1st quarter worth about $34,000. Family Firm Inc. bought a new position in shares of HSBC during the 2nd quarter worth about $36,000. RFP Financial Group LLC boosted its position in shares of HSBC by 126.1% during the 1st quarter. RFP Financial Group LLC now owns 1,031 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 575 shares in the last quarter. Finally, Ridgewood Investments LLC bought a new position in shares of HSBC during the 2nd quarter worth about $47,000. Institutional investors own 1.48% of the company’s stock.

HSBC Trading Up 0.7 %

HSBC opened at $43.33 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.89 and a quick ratio of 0.96. HSBC Holdings plc has a fifty-two week low of $35.30 and a fifty-two week high of $45.53. The firm has a market capitalization of $162.53 billion, a PE ratio of 7.47, a P/E/G ratio of 0.93 and a beta of 0.56. The company’s 50-day moving average is $43.03 and its 200 day moving average is $42.31.

HSBC (NYSE:HSBC) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $1.65 earnings per share for the quarter. HSBC had a net margin of 15.61% and a return on equity of 10.60%. The company had revenue of $16.54 billion for the quarter. As a group, research analysts predict that HSBC Holdings plc will post 5.74 earnings per share for the current fiscal year.

HSBC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 16th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.00 annualized dividend and a yield of 4.62%. HSBC’s dividend payout ratio (DPR) is 34.14%.

Analyst Ratings Changes

Separately, Dbs Bank raised shares of HSBC to a “strong-buy” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

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.