Catalina Capital Group LLC Makes New Investment in HSBC Holdings plc (NYSE:HSBC)

Catalina Capital Group LLC purchased a new position in shares of HSBC Holdings plc (NYSE:HSBC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,432 shares of the financial services provider’s stock, valued at approximately $236,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Mission Wealth Management LP grew its holdings in HSBC by 21.5% during the 1st quarter. Mission Wealth Management LP now owns 6,311 shares of the financial services provider’s stock valued at $248,000 after purchasing an additional 1,115 shares in the last quarter. Wedmont Private Capital acquired a new stake in shares of HSBC during the first quarter worth approximately $203,000. Pitcairn Co. acquired a new stake in HSBC in the first quarter valued at $567,000. Insight Folios Inc acquired a new position in HSBC during the 1st quarter worth $4,589,000. Finally, Dimensional Fund Advisors LP increased its position in shares of HSBC by 3.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,621,349 shares of the financial services provider’s stock worth $471,129,000 after purchasing an additional 376,641 shares during the last quarter. 1.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

HSBC Stock Performance

Shares of HSBC traded up $0.62 during midday trading on Friday, hitting $43.65. 1,406,129 shares of the stock traded hands, compared to its average volume of 1,853,205. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.96 and a current ratio of 0.89. HSBC Holdings plc has a 1-year low of $35.30 and a 1-year high of $45.53. The business’s 50 day moving average price is $43.06 and its two-hundred day moving average price is $41.88. The firm has a market capitalization of $163.73 billion, a PE ratio of 7.53, a price-to-earnings-growth ratio of 0.92 and a beta of 0.58.

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

HSBC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 16th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date is Friday, August 16th. HSBC’s dividend payout ratio (DPR) is 34.14%.

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.