BNP Paribas Financial Markets Buys 74,295 Shares of HSBC Holdings plc (NYSE:HSBC)

BNP Paribas Financial Markets raised its stake in HSBC Holdings plc (NYSE:HSBC) by 383.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 93,675 shares of the financial services provider’s stock after acquiring an additional 74,295 shares during the period. BNP Paribas Financial Markets’ holdings in HSBC were worth $4,233,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of HSBC. Bank of Montreal Can grew its holdings in shares of HSBC by 124.3% during the third quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider’s stock worth $7,820,000 after purchasing an additional 94,991 shares during the last quarter. Mediolanum International Funds Ltd bought a new stake in shares of HSBC during the third quarter worth $139,895,000. Meritage Portfolio Management grew its holdings in shares of HSBC by 28.9% during the third quarter. Meritage Portfolio Management now owns 301,813 shares of the financial services provider’s stock worth $13,639,000 after purchasing an additional 67,617 shares during the last quarter. QRG Capital Management Inc. grew its holdings in shares of HSBC by 19.0% during the second quarter. QRG Capital Management Inc. now owns 302,994 shares of the financial services provider’s stock worth $13,180,000 after purchasing an additional 48,366 shares during the last quarter. Finally, Susquehanna International Group Ltd. bought a new stake in shares of HSBC during the second quarter worth $522,000. 1.48% of the stock is currently owned by institutional investors.

HSBC Trading Down 0.3 %

Shares of HSBC opened at $47.35 on Thursday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.52. HSBC Holdings plc has a 12-month low of $36.93 and a 12-month high of $47.71. The firm has a market capitalization of $171.50 billion, a PE ratio of 7.83 and a beta of 0.56. The stock’s fifty day simple moving average is $45.57 and its 200-day simple moving average is $44.23.

HSBC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.22%. The ex-dividend date is Friday, November 8th. HSBC’s dividend payout ratio (DPR) 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.