Blue Trust Inc. Purchases 10,074 Shares of HSBC Holdings plc (NYSE:HSBC)

Blue Trust Inc. lifted its position in shares of HSBC Holdings plc (NYSE:HSBC) by 120.7% during the third quarter, Holdings Channel.com reports. The firm owned 18,418 shares of the financial services provider’s stock after purchasing an additional 10,074 shares during the period. Blue Trust Inc.’s holdings in HSBC were worth $801,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Ignite Planners LLC lifted its stake in shares of HSBC by 1.3% in the third quarter. Ignite Planners LLC now owns 17,427 shares of the financial services provider’s stock valued at $788,000 after buying an additional 225 shares in the last quarter. Drive Wealth Management LLC raised its holdings in shares of HSBC by 4.5% in the 2nd quarter. Drive Wealth Management LLC now owns 6,364 shares of the financial services provider’s stock worth $277,000 after acquiring an additional 273 shares during the last quarter. Dynamic Advisor Solutions LLC increased its holdings 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 worth $542,000 after purchasing an additional 273 shares in the last quarter. Crumly & Associates Inc. raised its stake in shares of HSBC by 1.8% in the second 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 last quarter. Finally, PDS Planning Inc lifted its holdings in shares of HSBC by 2.4% in the first quarter. PDS Planning Inc now owns 13,335 shares of the financial services provider’s stock valued at $525,000 after purchasing an additional 312 shares in the last quarter. 1.48% of the stock is currently owned by institutional investors.

HSBC Stock Up 0.8 %

HSBC stock opened at $44.72 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.96 and a current ratio of 0.89. The stock has a market cap of $167.74 billion, a PE ratio of 7.71, a price-to-earnings-growth ratio of 0.89 and a beta of 0.56. HSBC Holdings plc has a fifty-two week low of $35.30 and a fifty-two week high of $46.07. The firm’s 50-day simple moving average is $43.98 and its 200 day simple moving average is $43.43.

HSBC (NYSE:HSBC) last released its earnings results on Wednesday, July 31st. The financial services provider reported $1.65 earnings per share (EPS) for the quarter. HSBC had a return on equity of 10.60% and a net margin of 15.61%. The company had revenue of $16.54 billion during the quarter. Research analysts predict that HSBC Holdings plc will post 6.22 EPS for the current fiscal year.

HSBC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 16th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date of this dividend was Friday, August 16th. HSBC’s dividend payout ratio is currently 34.14%.

Wall Street Analysts Forecast Growth

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

HSBC 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.