Atomi Financial Group Inc. Acquires 5,865 Shares of HSBC Holdings plc (NYSE:HSBC)

Atomi Financial Group Inc. increased its position in HSBC Holdings plc (NYSE:HSBC) by 21.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,102 shares of the financial services provider’s stock after purchasing an additional 5,865 shares during the period. Atomi Financial Group Inc.’s holdings in HSBC were worth $1,496,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Traveka Wealth LLC boosted its stake in HSBC by 11.0% in the 3rd quarter. Traveka Wealth LLC now owns 9,155 shares of the financial services provider’s stock worth $414,000 after purchasing an additional 904 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its stake in HSBC by 2.3% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 11,990 shares of the financial services provider’s stock worth $542,000 after purchasing an additional 273 shares in the last quarter. Aprio Wealth Management LLC boosted its stake in HSBC by 47.6% in the 3rd quarter. Aprio Wealth Management LLC now owns 12,517 shares of the financial services provider’s stock worth $566,000 after purchasing an additional 4,035 shares in the last quarter. Ignite Planners LLC raised its position in HSBC by 1.3% in the 3rd quarter. Ignite Planners LLC now owns 17,427 shares of the financial services provider’s stock worth $788,000 after buying an additional 225 shares during the last quarter. Finally, Foresight Capital Management Advisors Inc. raised its position in HSBC by 4.2% in the 3rd quarter. Foresight Capital Management Advisors Inc. now owns 28,316 shares of the financial services provider’s stock worth $1,280,000 after buying an additional 1,133 shares during the last quarter. Institutional investors own 1.48% of the company’s stock.

Analyst Ratings Changes

Separately, Dbs Bank raised HSBC to a “strong-buy” rating in a research 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

HSBC Price Performance

Shares of NYSE:HSBC opened at $43.92 on Wednesday. HSBC Holdings plc has a fifty-two week low of $35.30 and a fifty-two week high of $46.07. The business has a 50-day simple moving average of $43.56 and a two-hundred day simple moving average of $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 firm has a market cap of $164.74 billion, a price-to-earnings ratio of 7.57, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56.

HSBC (NYSE:HSBC) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.65 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 expect that HSBC Holdings plc will post 5.74 earnings per share for the current year.

HSBC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 16th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.55%. The ex-dividend date of this dividend was Friday, August 16th. HSBC’s payout ratio is currently 34.14%.

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.