Natixis Advisors LLC reduced its position in HSBC Holdings plc (NYSE:HSBC - Free Report) by 5.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 390,337 shares of the financial services provider's stock after selling 23,452 shares during the quarter. Natixis Advisors LLC's holdings in HSBC were worth $17,639,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the stock. OneDigital Investment Advisors LLC acquired a new stake in shares of HSBC during the third quarter worth $263,000. Huntington National Bank raised its position in HSBC by 11.9% in the third quarter. Huntington National Bank now owns 2,122 shares of the financial services provider's stock worth $96,000 after acquiring an additional 226 shares in the last quarter. MQS Management LLC purchased a new position in HSBC in the third quarter worth $439,000. Prime Capital Investment Advisors LLC raised its position in HSBC by 4.3% in the third quarter. Prime Capital Investment Advisors LLC now owns 8,268 shares of the financial services provider's stock worth $374,000 after acquiring an additional 341 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its position in HSBC by 5.5% in the third quarter. Nations Financial Group Inc. IA ADV now owns 10,217 shares of the financial services provider's stock worth $462,000 after acquiring an additional 535 shares in the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.
HSBC opened at $46.29 on Wednesday. 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 firm has a market cap of $101.48 billion, a P/E ratio of 7.65 and a beta of 0.56. HSBC Holdings plc has a 52 week low of $36.93 and a 52 week high of $47.56. The business's fifty day simple moving average is $45.00 and its 200 day simple moving average is $44.06.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 8th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend is Friday, November 8th. HSBC's payout ratio is currently 32.73%.
Separately, Dbs Bank upgraded HSBC to a "strong-buy" rating in a research report on Wednesday, July 31st.
Read Our Latest Analysis on 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.
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