Creative Planning Purchases 19,165 Shares of HSBC Holdings plc (NYSE:HSBC)

Creative Planning increased its position in HSBC Holdings plc (NYSE:HSBC) by 9.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 222,092 shares of the financial services provider’s stock after acquiring an additional 19,165 shares during the period. Creative Planning’s holdings in HSBC were worth $10,036,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of HSBC. Insight Folios Inc purchased a new position in HSBC during the first quarter valued at $4,589,000. Stamos Capital Partners L.P. lifted its position in HSBC by 884.1% during the first quarter. Stamos Capital Partners L.P. now owns 125,970 shares of the financial services provider’s stock valued at $4,958,000 after purchasing an additional 113,170 shares in the last quarter. Susquehanna International Securities Ltd. lifted its position in HSBC by 285.8% during the first quarter. Susquehanna International Securities Ltd. now owns 112,583 shares of the financial services provider’s stock valued at $4,431,000 after purchasing an additional 83,403 shares in the last quarter. Natixis Advisors LLC lifted its position in HSBC by 22.1% during the second quarter. Natixis Advisors LLC now owns 413,789 shares of the financial services provider’s stock valued at $18,000,000 after purchasing an additional 74,980 shares in the last quarter. Finally, Frank Rimerman Advisors LLC purchased a new position in shares of HSBC in the second quarter valued at about $2,590,000. Institutional investors own 1.48% of the company’s stock.

Analysts Set New Price Targets

Separately, Dbs Bank upgraded HSBC to a “strong-buy” rating in a research report on Wednesday, July 31st.

HSBC Trading Up 1.0 %

Shares of NYSE HSBC opened at $44.62 on Wednesday. The business’s 50 day moving average is $44.09 and its two-hundred day moving average is $43.49. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.89 and a quick ratio of 0.96. HSBC Holdings plc has a 1-year low of $35.30 and a 1-year high of $46.07. The stock has a market capitalization of $167.37 billion, a P/E ratio of 7.69, a PEG ratio of 0.89 and a beta of 0.56.

HSBC (NYSE:HSBC) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.65 earnings per share for the quarter. HSBC had a return on equity of 10.60% and a net margin of 15.61%. The company had revenue of $16.54 billion for the quarter. As a group, research analysts expect that HSBC Holdings plc will post 6.22 EPS for the current year.

HSBC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 16th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend 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 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.