Prime Capital Investment Advisors LLC Grows Stock Holdings in HSBC Holdings plc (NYSE:HSBC)

Prime Capital Investment Advisors LLC increased its holdings in HSBC Holdings plc (NYSE:HSBC) by 4.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,268 shares of the financial services provider’s stock after purchasing an additional 341 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in HSBC were worth $374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Ignite Planners LLC grew its position in shares of HSBC by 1.3% in the 3rd quarter. Ignite Planners LLC now owns 17,427 shares of the financial services provider’s stock worth $788,000 after buying an additional 225 shares during the last quarter. Drive Wealth Management LLC boosted its holdings in HSBC by 4.5% in the second quarter. Drive Wealth Management LLC now owns 6,364 shares of the financial services provider’s stock valued at $277,000 after acquiring an additional 273 shares in the last quarter. Dynamic Advisor Solutions LLC increased its position in HSBC by 2.3% during the 3rd 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 period. Crumly & Associates Inc. lifted its position in shares of HSBC by 1.8% in the 2nd quarter. Crumly & Associates Inc. now owns 15,970 shares of the financial services provider’s stock worth $695,000 after purchasing an additional 287 shares during the period. Finally, Private Advisor Group LLC boosted its stake in shares of HSBC by 1.2% during the 3rd quarter. Private Advisor Group LLC now owns 26,715 shares of the financial services provider’s stock valued at $1,207,000 after purchasing an additional 318 shares in the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

HSBC Price Performance

Shares of HSBC stock opened at $45.74 on Friday. 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 stock has a market cap of $100.29 billion, a price-to-earnings ratio of 7.56 and a beta of 0.56. The business’s fifty day moving average is $44.88 and its 200 day moving average is $44.03. HSBC Holdings plc has a twelve month low of $36.93 and a twelve month high of $47.56.

HSBC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 8th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 4.37%. HSBC’s payout ratio is currently 32.73%.

Analyst Upgrades and Downgrades

Separately, Dbs Bank raised shares of 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.