Nations Financial Group Inc. IA ADV Grows Stock Holdings in HSBC Holdings plc (NYSE:HSBC)

Nations Financial Group Inc. IA ADV grew its position in shares of HSBC Holdings plc (NYSE:HSBC) by 5.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,217 shares of the financial services provider’s stock after purchasing an additional 535 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in HSBC were worth $462,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Addison Advisors LLC lifted its stake in HSBC by 33.1% in the third quarter. Addison Advisors LLC now owns 1,940 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 482 shares during the last quarter. Meritage Portfolio Management lifted its stake in shares of HSBC by 28.9% in the 3rd quarter. Meritage Portfolio Management now owns 301,813 shares of the financial services provider’s stock valued at $13,639,000 after acquiring an additional 67,617 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in HSBC by 15.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 500,547 shares of the financial services provider’s stock valued at $22,620,000 after acquiring an additional 67,941 shares during the period. Catalina Capital Group LLC grew its position in HSBC by 16.1% during the 3rd quarter. Catalina Capital Group LLC now owns 6,309 shares of the financial services provider’s stock worth $285,000 after acquiring an additional 877 shares during the last quarter. Finally, QRG Capital Management Inc. increased 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 worth $14,029,000 after purchasing an additional 7,448 shares during the period. 1.48% of the stock is owned by hedge funds and other institutional investors.

HSBC Stock Performance

HSBC stock opened at $45.00 on Thursday. HSBC Holdings plc has a 1-year low of $36.93 and a 1-year high of $47.56. The firm has a market cap of $98.66 billion, a P/E ratio of 7.44 and a beta of 0.56. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average of $44.78 and a 200-day moving average of $43.99.

HSBC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 8th will be given a $0.50 dividend. The ex-dividend date is Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.44%. HSBC’s dividend payout ratio is currently 32.73%.

Analyst Upgrades and Downgrades

Separately, Dbs Bank upgraded shares of HSBC to a “strong-buy” rating in a 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.