Moors & Cabot Inc. Acquires 331 Shares of HSBC Holdings plc (NYSE:HSBC)

Moors & Cabot Inc. increased its position in HSBC Holdings plc (NYSE:HSBC) by 5.1% during the third quarter, Holdings Channel reports. The firm owned 6,828 shares of the financial services provider’s stock after buying an additional 331 shares during the quarter. Moors & Cabot Inc.’s holdings in HSBC were worth $309,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Family Firm Inc. bought a new stake in HSBC in the second quarter valued at approximately $36,000. Ridgewood Investments LLC bought a new position in HSBC during the second quarter worth $47,000. Fifth Third Bancorp raised its position in shares of HSBC by 128.4% in the second quarter. Fifth Third Bancorp now owns 1,361 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 765 shares during the period. Allworth Financial LP lifted its stake in shares of HSBC by 40.9% during the 3rd quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider’s stock worth $62,000 after buying an additional 397 shares during the last quarter. Finally, Addison Advisors LLC boosted its holdings in shares of HSBC by 39.0% during the 2nd quarter. Addison Advisors LLC now owns 1,458 shares of the financial services provider’s stock worth $63,000 after buying an additional 409 shares during the period. 1.48% of the stock is currently owned by institutional investors and hedge funds.

HSBC Stock Performance

Shares of NYSE HSBC opened at $45.94 on Friday. 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 cap of $166.39 billion, a price-to-earnings ratio of 7.59 and a beta of 0.56. The stock’s fifty day moving average price is $45.17 and its two-hundred day moving average price is $44.09. HSBC Holdings plc has a one year low of $36.93 and a one year high of $47.56.

HSBC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 8th will be paid a $0.50 dividend. The ex-dividend date is Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 4.35%. HSBC’s dividend payout ratio (DPR) is presently 32.73%.

Analysts Set New Price Targets

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

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.