HSBC Holdings plc (NYSE:HSBC) Stake Lifted by Moors & Cabot Inc.

Moors & Cabot Inc. raised its stake in HSBC Holdings plc (NYSE:HSBC) by 5.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 6,828 shares of the financial services provider’s stock after buying an additional 331 shares during the quarter. Moors & Cabot Inc.’s holdings in HSBC were worth $309,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ignite Planners LLC raised its position in HSBC by 1.3% in the third quarter. Ignite Planners LLC now owns 17,427 shares of the financial services provider’s stock worth $788,000 after acquiring an additional 225 shares in the last quarter. Huntington National Bank boosted its holdings in HSBC by 11.9% in the third quarter. Huntington National Bank now owns 2,122 shares of the financial services provider’s stock worth $96,000 after purchasing an additional 226 shares in the last quarter. Drive Wealth Management LLC boosted its position in HSBC by 4.5% during the second quarter. Drive Wealth Management LLC now owns 6,364 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 273 shares during the period. Dynamic Advisor Solutions LLC grew its position in shares of HSBC by 2.3% in the third quarter. Dynamic Advisor Solutions LLC now owns 11,990 shares of the financial services provider’s stock valued at $542,000 after purchasing an additional 273 shares during the last quarter. Finally, Crumly & Associates Inc. boosted its position in shares of HSBC by 1.8% in the second quarter. Crumly & Associates Inc. now owns 15,970 shares of the financial services provider’s stock valued at $695,000 after acquiring an additional 287 shares during the period. 1.48% of the stock is currently owned by institutional investors and hedge funds.

HSBC Price Performance

NYSE:HSBC opened at $45.94 on Friday. The company’s 50-day moving average price is $45.17 and its two-hundred day moving average price is $44.09. HSBC Holdings plc has a 12 month low of $36.93 and a 12 month high of $47.56. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.52. The firm has a market cap of $166.39 billion, a PE ratio of 7.59 and a beta of 0.56.

HSBC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date is Friday, November 8th. HSBC’s dividend payout ratio is presently 32.73%.

Wall Street Analyst Weigh In

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

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.