HSBC Holdings plc (NYSE:HSBC) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC grew its holdings in HSBC Holdings plc (NYSE:HSBC) by 33.9% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 54,116 shares of the financial services provider’s stock after buying an additional 13,698 shares during the period. AQR Capital Management LLC’s holdings in HSBC were worth $2,354,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Richardson Financial Services Inc. purchased a new stake in HSBC during the 4th quarter valued at approximately $27,000. Family Firm Inc. acquired a new stake in shares of HSBC during the second quarter worth $36,000. Rise Advisors LLC purchased a new position in HSBC in the 1st quarter valued at $34,000. RFP Financial Group LLC increased its stake in HSBC by 126.1% in the 1st 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 shares of HSBC in the 2nd quarter worth $47,000. 1.48% of the stock is owned by hedge funds and other institutional investors.

HSBC Stock Down 3.8 %

Shares of NYSE HSBC opened at $43.92 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 0.89 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average price of $43.56 and a 200 day moving average price of $43.13. HSBC Holdings plc has a 52 week low of $35.30 and a 52 week high of $46.07. The stock has a market capitalization 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 earnings per share for the quarter. The business had revenue of $16.54 billion for the quarter. HSBC had a return on equity of 10.60% and a net margin of 15.61%. Equities research analysts anticipate that HSBC Holdings plc will post 5.74 EPS for the current fiscal year.

HSBC Dividend Announcement

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 annualized dividend and a yield of 4.55%. The ex-dividend date of this dividend was Friday, August 16th. HSBC’s payout ratio is 34.14%.

Analyst Ratings Changes

Separately, Dbs Bank upgraded shares of HSBC to a “strong-buy” rating in a research note 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. According to data from MarketBeat.com, HSBC has a consensus rating of “Hold”.

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.