Atomi Financial Group Inc. Grows Stock Holdings in HSBC Holdings plc (NYSE:HSBC)

Atomi Financial Group Inc. grew its holdings in HSBC Holdings plc (NYSE:HSBC) by 65.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,237 shares of the financial services provider’s stock after buying an additional 10,816 shares during the period. Atomi Financial Group Inc.’s holdings in HSBC were worth $1,185,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in HSBC. International Assets Investment Management LLC purchased a new stake in HSBC during the 4th quarter valued at $1,962,000. Allspring Global Investments Holdings LLC raised its stake in shares of HSBC by 49.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,477 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 824 shares during the period. GAMMA Investing LLC bought a new stake in shares of HSBC in the 4th quarter worth about $119,000. Yousif Capital Management LLC boosted its stake in shares of HSBC by 4.9% during the 4th quarter. Yousif Capital Management LLC now owns 68,308 shares of the financial services provider’s stock worth $2,769,000 after purchasing an additional 3,200 shares during the period. Finally, Truist Financial Corp grew its holdings in HSBC by 3.4% during the 4th quarter. Truist Financial Corp now owns 34,956 shares of the financial services provider’s stock valued at $1,417,000 after purchasing an additional 1,139 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors.

HSBC Stock Up 1.1 %

Shares of HSBC stock traded up $0.47 during mid-day trading on Tuesday, hitting $44.17. 1,969,033 shares of the stock traded hands, compared to its average volume of 1,847,734. The stock’s fifty day moving average is $43.06 and its two-hundred day moving average is $41.94. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.89 and a quick ratio of 0.96. HSBC Holdings plc has a 52-week low of $35.30 and a 52-week high of $45.53. The stock has a market cap of $165.68 billion, a P/E ratio of 7.62, a P/E/G ratio of 0.92 and a beta of 0.58.

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

HSBC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 16th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.00 annualized dividend and a yield of 4.53%. HSBC’s dividend payout ratio (DPR) is 34.14%.

Wall Street Analyst Weigh In

Separately, Dbs Bank upgraded HSBC to a “strong-buy” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average 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.