Crumly & Associates Inc. Has $695,000 Stock Position in HSBC Holdings plc (NYSE:HSBC)

Crumly & Associates Inc. boosted its stake in HSBC Holdings plc (NYSE:HSBC) by 1.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,970 shares of the financial services provider’s stock after purchasing an additional 287 shares during the quarter. Crumly & Associates Inc.’s holdings in HSBC were worth $695,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Mission Wealth Management LP raised its holdings in shares of HSBC by 21.5% during the 1st quarter. Mission Wealth Management LP now owns 6,311 shares of the financial services provider’s stock worth $248,000 after buying an additional 1,115 shares in the last quarter. Wedmont Private Capital bought a new position in shares of HSBC in the first quarter worth about $203,000. Pitcairn Co. acquired a new stake in shares of HSBC in the 1st quarter valued at approximately $567,000. Insight Folios Inc acquired a new position in HSBC during the 1st quarter worth approximately $4,589,000. Finally, Dimensional Fund Advisors LP lifted its stake in 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 valued at $471,129,000 after purchasing an additional 376,641 shares during the last quarter. Institutional investors own 1.48% of the company’s stock.

HSBC Trading Up 0.7 %

NYSE HSBC traded up $0.29 during trading hours on Thursday, reaching $43.84. The company’s stock had a trading volume of 1,005,637 shares, compared to its average volume of 1,829,554. The firm has a fifty day simple moving average of $43.09 and a 200-day simple moving average of $42.15. 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 $164.44 billion, a P/E ratio of 7.51, a P/E/G ratio of 0.97 and a beta of 0.56.

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

HSBC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 16th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date of this dividend is Friday, August 16th. HSBC’s dividend payout ratio is presently 34.14%.

Wall Street Analyst Weigh In

Separately, Dbs Bank upgraded shares of HSBC to a “strong-buy” rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus 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.