MQS Management LLC Invests $439,000 in HSBC Holdings plc (NYSE:HSBC)

MQS Management LLC acquired a new stake in shares of HSBC Holdings plc (NYSE:HSBC) during the third quarter, HoldingsChannel.com reports. The firm acquired 9,716 shares of the financial services provider’s stock, valued at approximately $439,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its position in HSBC by 317.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 10,343 shares of the financial services provider’s stock valued at $407,000 after buying an additional 7,866 shares during the period. Sei Investments Co. boosted its stake in shares of HSBC by 2.4% in the first quarter. Sei Investments Co. now owns 112,970 shares of the financial services provider’s stock valued at $4,446,000 after purchasing an additional 2,639 shares during the period. Headlands Technologies LLC purchased a new position in HSBC in the first quarter valued at $87,000. SageView Advisory Group LLC acquired a new stake in shares of HSBC in the 1st quarter valued at $496,000. Finally, Leo Wealth LLC raised its position in shares of HSBC by 9.9% during the 1st quarter. Leo Wealth LLC now owns 16,816 shares of the financial services provider’s stock worth $662,000 after acquiring an additional 1,518 shares in the last quarter. 1.48% of the stock is owned by hedge funds and other institutional investors.

HSBC Stock Performance

Shares of HSBC stock opened at $45.00 on Thursday. The company has a market cap of $98.66 billion, a P/E ratio of 7.44 and a beta of 0.56. The business has a 50 day moving average of $44.78 and a two-hundred day moving average of $43.99. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.52. HSBC Holdings plc has a 52 week low of $36.93 and a 52 week high of $47.56.

HSBC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 8th will be issued 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 4.44%. HSBC’s dividend payout ratio (DPR) is 32.73%.

Analyst Ratings Changes

Separately, Dbs Bank raised HSBC to a “strong-buy” rating in a report 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.