Bleakley Financial Group LLC Acquires 622 Shares of HSBC Holdings plc (NYSE:HSBC)

Bleakley Financial Group LLC increased its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 10.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,740 shares of the financial services provider’s stock after purchasing an additional 622 shares during the period. Bleakley Financial Group LLC’s holdings in HSBC were worth $305,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of HSBC. Mitchell & Pahl Private Wealth LLC lifted its stake in HSBC by 3.1% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 22,618 shares of the financial services provider’s stock valued at $1,022,000 after acquiring an additional 675 shares in the last quarter. Naviter Wealth LLC lifted its stake in HSBC by 2.8% in the 3rd quarter. Naviter Wealth LLC now owns 93,333 shares of the financial services provider’s stock valued at $4,218,000 after acquiring an additional 2,525 shares in the last quarter. Creative Planning lifted its stake in HSBC by 9.4% in the 3rd quarter. Creative Planning now owns 222,092 shares of the financial services provider’s stock valued at $10,036,000 after acquiring an additional 19,165 shares in the last quarter. Grove Bank & Trust lifted its stake in HSBC by 24.3% in the 3rd quarter. Grove Bank & Trust now owns 2,593 shares of the financial services provider’s stock valued at $117,000 after acquiring an additional 507 shares in the last quarter. Finally, Ritholtz Wealth Management lifted its stake in HSBC by 23.8% in the 3rd quarter. Ritholtz Wealth Management now owns 125,598 shares of the financial services provider’s stock valued at $5,676,000 after acquiring an additional 24,149 shares in the last quarter. Institutional investors own 1.48% of the company’s stock.

HSBC Stock Down 1.0 %

NYSE:HSBC opened at $44.18 on Thursday. The firm has a market capitalization of $165.71 billion, a price-to-earnings ratio of 7.62, a price-to-earnings-growth ratio of 0.89 and a beta of 0.56. HSBC Holdings plc has a twelve month low of $35.30 and a twelve month high of $46.07. The stock’s 50 day moving average price is $44.13 and its two-hundred day moving average price is $43.49. The company has a quick ratio of 0.96, a current ratio of 0.89 and a debt-to-equity ratio of 0.65.

HSBC (NYSE:HSBC) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.65 earnings per share for the quarter. The firm 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 expect that HSBC Holdings plc will post 6.22 earnings per share for the current fiscal 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 annualized dividend and a dividend yield of 4.53%. The ex-dividend date was Friday, August 16th. HSBC’s dividend payout ratio (DPR) is 34.14%.

Analyst Ratings Changes

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

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.