QRG Capital Management Inc. Acquires 7,448 Shares of HSBC Holdings plc (NYSE:HSBC)

QRG Capital Management Inc. grew its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 2.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 310,442 shares of the financial services provider’s stock after acquiring an additional 7,448 shares during the period. QRG Capital Management Inc.’s holdings in HSBC were worth $14,029,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of HSBC. Family Firm Inc. bought a new position in HSBC during the second quarter worth $36,000. RFP Financial Group LLC raised its stake in HSBC by 126.1% during the first quarter. RFP Financial Group LLC now owns 1,031 shares of the financial services provider’s stock worth $41,000 after buying an additional 575 shares during the last quarter. Ridgewood Investments LLC bought a new position in HSBC during the second quarter worth $47,000. Fifth Third Bancorp raised its stake in HSBC by 128.4% during the second quarter. Fifth Third Bancorp now owns 1,361 shares of the financial services provider’s stock worth $59,000 after buying an additional 765 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in HSBC by 40.9% in the third quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 397 shares during the period. Institutional investors own 1.48% of the company’s stock.

HSBC Stock Up 1.0 %

HSBC stock opened at $46.64 on Tuesday. The stock has a market cap of $102.26 billion, a PE ratio of 7.71 and a beta of 0.56. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 0.96. HSBC Holdings plc has a fifty-two week low of $36.63 and a fifty-two week high of $47.26. The firm’s 50-day simple moving average is $44.54 and its 200 day simple moving average is $43.80.

HSBC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 8th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date is Friday, November 8th. HSBC’s payout ratio is 32.73%.

Analysts Set New Price Targets

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

HSBC Company 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.