UMB Bank n.a. lessened its stake in HSBC Holdings plc (NYSE:HSBC – Free Report) by 20.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,488 shares of the financial services provider’s stock after selling 388 shares during the quarter. UMB Bank n.a.’s holdings in HSBC were worth $67,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Syon Capital LLC increased its holdings in shares of HSBC by 36.8% in the 4th quarter. Syon Capital LLC now owns 14,644 shares of the financial services provider’s stock worth $594,000 after buying an additional 3,941 shares during the last quarter. Richardson Financial Services Inc. bought a new stake in HSBC during the fourth quarter worth approximately $27,000. Leo Wealth LLC bought a new stake in shares of HSBC in the 4th quarter valued at approximately $617,000. HighPoint Advisor Group LLC purchased a new position in shares of HSBC in the 4th quarter worth approximately $359,000. Finally, GAMMA Investing LLC raised its holdings in HSBC by 15.0% during the 1st quarter. GAMMA Investing LLC now owns 3,468 shares of the financial services provider’s stock valued at $136,000 after buying an additional 452 shares during the period. Institutional investors own 1.48% of the company’s stock.
HSBC Stock Up 0.2 %
Shares of HSBC stock opened at $44.35 on Monday. HSBC Holdings plc has a 1 year low of $35.30 and a 1 year high of $46.07. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.89 and a quick ratio of 0.96. The stock has a market cap of $166.35 billion, a price-to-earnings ratio of 7.65, a PEG ratio of 0.89 and a beta of 0.56. The firm’s 50-day moving average is $43.65 and its two-hundred day moving average is $43.27.
HSBC Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 16th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.51%. The ex-dividend date was Friday, August 16th. HSBC’s dividend payout ratio is currently 34.14%.
Analyst Upgrades and Downgrades
Separately, Dbs Bank upgraded shares of HSBC to a “strong-buy” rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold”.
Get Our Latest Research Report on HSBC
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.
Recommended Stories
- Five stocks we like better than HSBC
- Find and Profitably Trade Stocks at 52-Week Lows
- Why Fastenal Stock Could Hit New Highs After Strong Q3 Results
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- Why Eli Lilly Stock Is Soaring—and How It Plans to Stay on Top
- The 3 Best Fintech Stocks to Buy Now
- 3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside
Want to see what other hedge funds are holding HSBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HSBC Holdings plc (NYSE:HSBC – Free Report).
Receive News & Ratings for HSBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC and related companies with MarketBeat.com's FREE daily email newsletter.