Sei Investments Co. Acquires 6,174 Shares of HSBC Holdings plc (NYSE:HSBC)

Sei Investments Co. increased its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 5.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 119,144 shares of the financial services provider’s stock after buying an additional 6,174 shares during the quarter. Sei Investments Co.’s holdings in HSBC were worth $5,183,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Insight Folios Inc acquired a new position in shares of HSBC during the first quarter worth $4,589,000. Stamos Capital Partners L.P. boosted its stake in shares of HSBC by 884.1% during the first quarter. Stamos Capital Partners L.P. now owns 125,970 shares of the financial services provider’s stock valued at $4,958,000 after purchasing an additional 113,170 shares in the last quarter. Susquehanna International Securities Ltd. grew its holdings in shares of HSBC by 285.8% during the first quarter. Susquehanna International Securities Ltd. now owns 112,583 shares of the financial services provider’s stock worth $4,431,000 after purchasing an additional 83,403 shares during the last quarter. Natixis Advisors LLC increased its stake in shares of HSBC by 22.1% in the second quarter. Natixis Advisors LLC now owns 413,789 shares of the financial services provider’s stock valued at $18,000,000 after buying an additional 74,980 shares during the period. Finally, QRG Capital Management Inc. raised its holdings in HSBC by 19.0% in the 2nd quarter. QRG Capital Management Inc. now owns 302,994 shares of the financial services provider’s stock valued at $13,180,000 after buying an additional 48,366 shares during the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Trading Down 1.3 %

Shares of HSBC stock opened at $44.60 on Wednesday. HSBC Holdings plc has a 1-year low of $35.30 and a 1-year high of $46.07. The company has a current ratio of 0.89, a quick ratio of 0.96 and a debt-to-equity ratio of 0.65. The stock has a market cap of $167.29 billion, a price-to-earnings ratio of 7.69, a PEG ratio of 0.98 and a beta of 0.56. The stock has a 50-day moving average of $43.37 and a 200-day moving average of $42.95.

HSBC (NYSE:HSBC) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.65 earnings per share (EPS) for the quarter. HSBC had a net margin of 15.61% and a return on equity of 10.60%. The firm had revenue of $16.54 billion during the quarter. On average, equities research analysts forecast that HSBC Holdings plc will post 5.74 earnings per share for the current year.

HSBC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 16th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, August 16th. This represents a $2.00 dividend on an annualized basis and a yield of 4.48%. HSBC’s payout ratio is currently 34.14%.

Wall Street Analysts Forecast Growth

Separately, Dbs Bank upgraded shares of HSBC to a “strong-buy” rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

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.