Quantbot Technologies LP Purchases Shares of 53,227 HSBC Holdings plc (NYSE:HSBC)

Quantbot Technologies LP bought a new position in HSBC Holdings plc (NYSE:HSBC) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 53,227 shares of the financial services provider’s stock, valued at approximately $2,405,000.

A number of other large investors also recently modified their holdings of HSBC. Ignite Planners LLC raised its position in 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 purchasing an additional 225 shares during the period. Huntington National Bank raised its stake in shares of HSBC by 11.9% during the third quarter. Huntington National Bank now owns 2,122 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 226 shares during the period. Drive Wealth Management LLC lifted its position in shares of HSBC by 4.5% during the second quarter. Drive Wealth Management LLC now owns 6,364 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 273 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its stake in shares of HSBC by 2.3% in the third quarter. Dynamic Advisor Solutions LLC now owns 11,990 shares of the financial services provider’s stock valued at $542,000 after purchasing an additional 273 shares during the period. Finally, Crumly & Associates Inc. grew its holdings in HSBC by 1.8% during the 2nd quarter. Crumly & Associates Inc. now owns 15,970 shares of the financial services provider’s stock valued at $695,000 after purchasing an additional 287 shares in the last quarter. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

HSBC Stock Performance

Shares of HSBC stock opened at $46.68 on Friday. The company’s fifty day moving average price is $45.37 and its two-hundred day moving average price is $44.16. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $169.07 billion, a P/E ratio of 7.72 and a beta of 0.56. HSBC Holdings plc has a 12 month low of $36.93 and a 12 month high of $47.56.

HSBC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 4.28%. HSBC’s dividend payout ratio (DPR) is presently 32.73%.

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.