HSBC Holdings plc (NYSE:HSBC) Shares Bought by Insight Folios Inc

by · The Markets Daily

Insight Folios Inc grew its position in HSBC Holdings plc (NYSE:HSBC – Free Report) by 7.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 130,832 shares of the financial services provider’s stock after acquiring an additional 9,299 shares during the period. HSBC comprises 2.1% of Insight Folios Inc’s portfolio, making the stock its 29th largest holding. Insight Folios Inc’s holdings in HSBC were worth $5,912,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in HSBC. Mediolanum International Funds Ltd purchased a new position in HSBC in the third quarter worth $139,895,000. American Century Companies Inc. boosted its holdings in HSBC by 4.6% during the second quarter. American Century Companies Inc. now owns 850,842 shares of the financial services provider’s stock worth $37,012,000 after buying an additional 37,781 shares in the last quarter. Natixis Advisors LLC grew 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 worth $18,000,000 after buying an additional 74,980 shares during the period. Raymond James & Associates increased its holdings in HSBC by 2.6% in the second quarter. Raymond James & Associates now owns 361,416 shares of the financial services provider’s stock valued at $15,722,000 after buying an additional 9,323 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its stake in shares of HSBC by 19.0% during the 2nd quarter. QRG Capital Management Inc. now owns 302,994 shares of the financial services provider’s stock worth $13,180,000 after acquiring an additional 48,366 shares in the last quarter. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

View Our Latest Report on HSBC

HSBC Price Performance

HSBC stock opened at $44.36 on Monday. 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’s 50-day simple moving average is $44.19 and its 200 day simple moving average is $43.55. HSBC Holdings plc has a 52 week low of $35.30 and a 52 week high of $46.07. The firm has a market capitalization of $97.26 billion, a PE ratio of 7.65 and a beta of 0.56.

HSBC (NYSE:HSBC – Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.65 EPS for the quarter. HSBC had a net margin of 15.61% and a return on equity of 10.60%. The business had revenue of $16.54 billion for the quarter. On average, equities research analysts predict that HSBC Holdings plc will post 6.22 EPS for the current fiscal year.

HSBC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 16th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.00 annualized dividend and a dividend yield of 4.51%. HSBC’s dividend payout ratio is currently 34.14%.

HSBC Profile

(Free Report)

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.

See Also

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