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

Quantbot Technologies LP purchased a new position in HSBC Holdings plc (NYSE:HSBC) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 53,227 shares of the financial services provider’s stock, valued at approximately $2,405,000.

Several other hedge funds have also recently bought and sold shares of HSBC. Larson Financial Group LLC raised its position in shares of HSBC by 138.5% during the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 450 shares during the last quarter. Family Firm Inc. acquired a new position in shares of HSBC in the second quarter worth $36,000. Ridgewood Investments LLC acquired a new stake in shares of HSBC during the second quarter valued at $47,000. Fifth Third Bancorp increased its position in HSBC by 128.4% during the 2nd quarter. Fifth Third Bancorp now owns 1,361 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 765 shares in the last quarter. Finally, Allworth Financial LP raised its stake in HSBC by 40.9% in the 3rd quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 397 shares during the last quarter. 1.48% of the stock is owned by hedge funds and other institutional investors.

HSBC Price Performance

HSBC stock opened at $46.68 on Friday. The firm’s 50-day moving average is $45.37 and its two-hundred day moving average 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 stock 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 Dividend Announcement

The firm also recently declared 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date is Friday, November 8th. HSBC’s dividend payout ratio 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.