HSBC Holdings plc (NYSE:HSBC) Shares Acquired by Creative Planning

Creative Planning increased its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 22.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 202,927 shares of the financial services provider’s stock after purchasing an additional 37,015 shares during the period. Creative Planning’s holdings in HSBC were worth $8,827,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. American Century Companies Inc. boosted its stake in shares of HSBC by 4.6% during the second quarter. American Century Companies Inc. now owns 850,842 shares of the financial services provider’s stock valued at $37,012,000 after acquiring an additional 37,781 shares during the last quarter. Natixis Advisors LLC raised its position in shares of HSBC by 22.1% in the second quarter. Natixis Advisors LLC now owns 413,789 shares of the financial services provider’s stock valued at $18,000,000 after buying an additional 74,980 shares during the last quarter. Raymond James & Associates lifted its stake in shares of HSBC by 2.6% during the second quarter. Raymond James & Associates now owns 361,416 shares of the financial services provider’s stock valued at $15,722,000 after buying an additional 9,323 shares during the period. QRG Capital Management Inc. boosted its position in HSBC by 19.0% during the second quarter. QRG Capital Management Inc. now owns 302,994 shares of the financial services provider’s stock worth $13,180,000 after acquiring an additional 48,366 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its holdings in HSBC by 28.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 176,352 shares of the financial services provider’s stock valued at $6,941,000 after acquiring an additional 39,344 shares during the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Wall Street Analyst Weigh In

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

HSBC Price Performance

HSBC stock opened at $44.60 on Wednesday. HSBC Holdings plc has a 1 year low of $35.30 and a 1 year high of $46.07. The firm has a 50 day moving average price of $43.37 and a 200 day moving average price of $42.95. The company has a market cap of $167.29 billion, a price-to-earnings ratio of 7.69, a PEG ratio of 0.98 and a beta of 0.56. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.96 and a current ratio of 0.89.

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

HSBC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 16th were issued a $0.50 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.48%. HSBC’s dividend payout ratio (DPR) is 34.14%.

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.