HSBC Holdings plc (NYSE:HSBC) Shares Purchased by Creative Planning

Creative Planning lifted its position in HSBC Holdings plc (NYSE:HSBC) by 9.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 222,092 shares of the financial services provider’s stock after acquiring an additional 19,165 shares during the period. Creative Planning’s holdings in HSBC were worth $10,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in HSBC. Mission Wealth Management LP raised its stake in shares of HSBC by 21.5% during the 1st quarter. Mission Wealth Management LP now owns 6,311 shares of the financial services provider’s stock valued at $248,000 after buying an additional 1,115 shares during the last quarter. Pitcairn Co. purchased a new position in shares of HSBC during the 1st quarter valued at about $567,000. Insight Folios Inc purchased a new position in shares of HSBC during the 1st quarter valued at about $4,589,000. Founders Financial Securities LLC purchased a new position in shares of HSBC during the 1st quarter valued at about $684,000. Finally, Advisors Asset Management Inc. raised its stake in shares of HSBC by 38.8% during the 1st quarter. Advisors Asset Management Inc. now owns 24,866 shares of the financial services provider’s stock valued at $979,000 after buying an additional 6,948 shares during the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Price Performance

Shares of HSBC stock opened at $44.62 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. HSBC Holdings plc has a twelve month low of $35.30 and a twelve month high of $46.07. The business has a 50-day moving average price of $44.09 and a 200 day moving average price of $43.49. The firm has a market cap of $167.37 billion, a PE ratio of 7.69, a P/E/G ratio of 0.89 and a beta of 0.56.

HSBC (NYSE:HSBC) last announced its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.65 earnings per share for the quarter. HSBC had a return on equity of 10.60% and a net margin of 15.61%. The firm had revenue of $16.54 billion during the quarter. Sell-side analysts predict that HSBC Holdings plc will post 6.22 earnings per share for the current fiscal year.

HSBC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 16th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.48%. 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 HSBC to a “strong-buy” rating in a research note on Wednesday, July 31st.

About HSBC

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.