Catalina Capital Group LLC Has $285,000 Holdings in HSBC Holdings plc (NYSE:HSBC)

Catalina Capital Group LLC increased its holdings in HSBC Holdings plc (NYSE:HSBC) by 16.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,309 shares of the financial services provider’s stock after acquiring an additional 877 shares during the period. Catalina Capital Group LLC’s holdings in HSBC were worth $285,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. QRG Capital Management Inc. increased its stake in HSBC by 2.5% in the 3rd quarter. QRG Capital Management Inc. now owns 310,442 shares of the financial services provider’s stock valued at $14,029,000 after buying an additional 7,448 shares during the last quarter. BSW Wealth Partners increased its stake in HSBC by 4.4% in the 3rd quarter. BSW Wealth Partners now owns 12,928 shares of the financial services provider’s stock valued at $584,000 after buying an additional 545 shares during the last quarter. Optas LLC increased its stake in HSBC by 18.1% in the 3rd quarter. Optas LLC now owns 9,317 shares of the financial services provider’s stock valued at $421,000 after buying an additional 1,431 shares during the last quarter. Caas Capital Management LP increased its stake in HSBC by 172.6% in the 3rd quarter. Caas Capital Management LP now owns 49,596 shares of the financial services provider’s stock valued at $2,241,000 after buying an additional 31,403 shares during the last quarter. Finally, First Trust Direct Indexing L.P. increased its stake in HSBC by 1.3% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 50,238 shares of the financial services provider’s stock valued at $2,270,000 after buying an additional 646 shares during the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

Analyst Ratings Changes

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

HSBC Stock Down 0.5 %

HSBC stock opened at $47.04 on Thursday. HSBC Holdings plc has a twelve month low of $36.63 and a twelve month high of $47.35. The firm has a 50 day moving average price of $44.66 and a 200-day moving average price of $43.87. The company has a market capitalization of $103.14 billion, a P/E ratio of 7.78 and a beta of 0.56. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 8th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date is Friday, November 8th. HSBC’s dividend payout ratio is currently 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.