Merit Financial Group LLC Acquires Shares of 5,932 HSBC Holdings plc (NYSE:HSBC)

Merit Financial Group LLC bought a new position in shares of HSBC Holdings plc (NYSE:HSBC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 5,932 shares of the financial services provider’s stock, valued at approximately $293,000.

Other institutional investors have also made changes to their positions in the company. Mediolanum International Funds Ltd bought a new position in HSBC during the third quarter worth $139,895,000. FMR LLC lifted its stake in shares of HSBC by 44.3% during the 3rd quarter. FMR LLC now owns 2,442,205 shares of the financial services provider’s stock worth $110,363,000 after buying an additional 749,759 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of HSBC by 15.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 500,547 shares of the financial services provider’s stock worth $22,620,000 after buying an additional 67,941 shares during the period. QRG Capital Management Inc. grew its stake in HSBC by 2.5% in the 3rd quarter. QRG Capital Management Inc. now owns 310,442 shares of the financial services provider’s stock valued at $14,029,000 after buying an additional 7,448 shares during the last quarter. Finally, Meritage Portfolio Management lifted its position in HSBC by 28.9% during the third quarter. Meritage Portfolio Management now owns 301,813 shares of the financial services provider’s stock worth $13,639,000 after acquiring an additional 67,617 shares during the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Stock Performance

HSBC opened at $51.31 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.96. The business has a fifty day simple moving average of $48.57 and a 200 day simple moving average of $45.58. HSBC Holdings plc has a 1 year low of $36.93 and a 1 year high of $51.60. The company has a market capitalization of $183.77 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of 1.35 and a beta of 0.54.

HSBC (NYSE:HSBC) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter. The business had revenue of $36.62 billion during the quarter. HSBC had a return on equity of 10.71% and a net margin of 15.70%. During the same quarter last year, the firm posted $1.45 earnings per share. Research analysts expect that HSBC Holdings plc will post 6.67 EPS for the current year.

HSBC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 8th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 3.90%. HSBC’s dividend payout ratio (DPR) is 32.73%.

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.