HSBC Holdings plc (NYSE:HSBC) Shares Acquired by Traveka Wealth LLC

Traveka Wealth LLC raised its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 11.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,155 shares of the financial services provider’s stock after purchasing an additional 904 shares during the quarter. Traveka Wealth LLC’s holdings in HSBC were worth $414,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of HSBC. Richardson Financial Services Inc. acquired a new stake in shares of HSBC in the fourth quarter worth $27,000. Rise Advisors LLC acquired a new stake in HSBC during the first quarter valued at $34,000. Family Firm Inc. acquired a new stake in HSBC during the second quarter valued at $36,000. RFP Financial Group LLC grew its position in HSBC by 126.1% during the first quarter. RFP Financial Group LLC now owns 1,031 shares of the financial services provider’s stock valued at $41,000 after buying an additional 575 shares during the period. Finally, Ridgewood Investments LLC acquired a new stake in HSBC during the second quarter valued at $47,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Price Performance

Shares of NYSE:HSBC traded down $1.64 during midday trading on Tuesday, hitting $44.03. The company’s stock had a trading volume of 787,371 shares, compared to its average volume of 1,769,034. The business’s 50 day simple moving average is $43.56 and its 200 day simple moving average is $43.13. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.96 and a current ratio of 0.89. The company has a market cap of $165.15 billion, a P/E ratio of 7.58, a price-to-earnings-growth 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 released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.65 earnings per share (EPS) for the quarter. HSBC had a net margin of 15.61% and a return on equity of 10.60%. The firm had revenue of $16.54 billion during the quarter. On average, analysts forecast that HSBC Holdings plc will post 5.74 EPS for the current year.

HSBC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 16th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date was Friday, August 16th. HSBC’s dividend payout ratio is presently 34.14%.

Wall Street Analyst Weigh In

Separately, Dbs Bank raised shares of HSBC to a “strong-buy” rating in a report on Wednesday, July 31st. Two 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 company. Based on data from MarketBeat.com, HSBC presently has an average rating of “Hold”.

HSBC Company 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.