QRG Capital Management Inc. Buys 36,219 Shares of HSBC Holdings plc (NYSE:HSBC)

QRG Capital Management Inc. raised its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 11.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 346,661 shares of the financial services provider’s stock after purchasing an additional 36,219 shares during the period. QRG Capital Management Inc.’s holdings in HSBC were worth $17,146,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Venturi Wealth Management LLC raised its position in HSBC by 58.2% during the 4th quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 210 shares during the last quarter. Huntington National Bank raised its position in shares of HSBC by 11.9% in the 3rd 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. Wealth Enhancement Advisory Services LLC raised its position in shares of HSBC by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 21,909 shares of the financial services provider’s stock worth $990,000 after acquiring an additional 235 shares in the last quarter. Abel Hall LLC raised its position in shares of HSBC by 4.3% in the 3rd quarter. Abel Hall LLC now owns 6,221 shares of the financial services provider’s stock worth $281,000 after acquiring an additional 257 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in shares of HSBC by 1.9% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 14,185 shares of the financial services provider’s stock worth $641,000 after acquiring an additional 265 shares in the last quarter. 1.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Royal Bank of Canada reissued a “sector perform” rating on shares of HSBC in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft lowered HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd.

HSBC Stock Performance

Shares of HSBC opened at $58.23 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.96. The stock has a 50-day moving average of $51.99 and a 200-day moving average of $47.54. The company has a market cap of $208.54 billion, a PE ratio of 9.39, a P/E/G ratio of 1.05 and a beta of 0.54. HSBC Holdings plc has a one year low of $36.93 and a one year high of $58.43.

HSBC (NYSE:HSBC) last issued its earnings results on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.41 by $0.04. The company had revenue of $11.56 billion during the quarter, compared to the consensus estimate of $13.79 billion. HSBC had a return on equity of 12.20% and a net margin of 16.17%. On average, equities research analysts predict that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 7th will be paid a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a yield of 12.37%. HSBC’s dividend payout ratio (DPR) is currently 115.81%.

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.