Susquehanna International Group Ltd. Makes New Investment in HSBC Holdings plc (NYSE:HSBC)

Susquehanna International Group Ltd. purchased a new position in HSBC Holdings plc (NYSE:HSBC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,994 shares of the financial services provider’s stock, valued at approximately $522,000.

Other hedge funds also recently modified their holdings of the company. Lighthouse Investment Partners LLC bought a new position in HSBC in the second quarter valued at about $206,000. AQR Capital Management LLC grew its position in HSBC by 33.9% in the second quarter. AQR Capital Management LLC now owns 54,116 shares of the financial services provider’s stock valued at $2,354,000 after acquiring an additional 13,698 shares during the last quarter. DRW Securities LLC bought a new position in HSBC in the second quarter valued at about $244,000. Frank Rimerman Advisors LLC bought a new position in HSBC in the second quarter valued at about $2,590,000. Finally, Legacy Financial Advisors Inc. grew its position in HSBC by 5.3% in the second quarter. Legacy Financial Advisors Inc. now owns 16,388 shares of the financial services provider’s stock valued at $713,000 after acquiring an additional 818 shares during the last quarter. Institutional investors own 1.48% of the company’s stock.

HSBC Stock Performance

Shares of HSBC stock opened at $45.65 on Friday. The business’s 50-day moving average price is $43.31 and its 200-day moving average price is $42.78. The company has a current ratio of 0.89, a quick ratio of 0.96 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $171.21 billion, a price-to-earnings ratio of 7.87, a PEG ratio of 0.98 and a beta of 0.56. HSBC Holdings plc has a 12 month low of $35.30 and a 12 month high of $46.07.

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

HSBC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 16th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.38%. The ex-dividend date was Friday, August 16th. HSBC’s dividend payout ratio (DPR) is presently 34.14%.

Analysts Set New Price Targets

Separately, Dbs Bank raised HSBC to a “strong-buy” rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

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.