Crossmark Global Holdings Inc. Buys 67,941 Shares of HSBC Holdings plc (NYSE:HSBC)

Crossmark Global Holdings Inc. boosted its position in shares of HSBC Holdings plc (NYSE:HSBC) by 15.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 500,547 shares of the financial services provider’s stock after purchasing an additional 67,941 shares during the period. Crossmark Global Holdings Inc.’s holdings in HSBC were worth $22,620,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of HSBC. Catalina Capital Group LLC lifted its position in shares of HSBC by 16.1% in the third quarter. Catalina Capital Group LLC now owns 6,309 shares of the financial services provider’s stock worth $285,000 after purchasing an additional 877 shares in the last quarter. QRG Capital Management Inc. lifted its position in HSBC by 2.5% during the 3rd quarter. QRG Capital Management Inc. now owns 310,442 shares of the financial services provider’s stock worth $14,029,000 after buying an additional 7,448 shares in the last quarter. BSW Wealth Partners increased its position in shares of HSBC by 4.4% during the 3rd quarter. BSW Wealth Partners now owns 12,928 shares of the financial services provider’s stock worth $584,000 after purchasing an additional 545 shares during the last quarter. Optas LLC raised its stake in shares of HSBC by 18.1% during the 3rd quarter. Optas LLC now owns 9,317 shares of the financial services provider’s stock worth $421,000 after purchasing an additional 1,431 shares in the last quarter. Finally, Caas Capital Management LP boosted its holdings in shares of HSBC by 172.6% in the 3rd quarter. Caas Capital Management LP now owns 49,596 shares of the financial services provider’s stock valued at $2,241,000 after buying an additional 31,403 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

HSBC Stock Performance

NYSE HSBC traded down $1.88 during trading on Friday, reaching $44.96. 1,897,827 shares of the company’s stock were exchanged, compared to its average volume of 1,078,888. HSBC Holdings plc has a fifty-two week low of $36.63 and a fifty-two week high of $47.56. The stock has a market capitalization of $98.58 billion, a P/E ratio of 7.43 and a beta of 0.56. The business has a 50 day moving average price of $44.73 and a 200-day moving average price of $43.91. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.96.

HSBC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 8th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.45%. The ex-dividend date of this dividend is Friday, November 8th. HSBC’s payout ratio is presently 32.73%.

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.