Dynamic Advisor Solutions LLC Increases Holdings in HSBC Holdings plc

Dynamic Advisor Solutions LLC has announced that it has increased its stake in HSBC Holdings plc (NYSE: HSBC) by 2.3% during the third quarter of the year, according to their latest 13F filing with the Securities & Exchange Commission. Following this acquisition, the institutional investor now holds a total of 11,990 shares in the financial services company after purchasing an additional 273 shares in the recent quarter. The value of Dynamic Advisor Solutions LLC's investment in HSBC is approximately $542,000 as per their most recent filing with the SEC.

Other institutional investors have also been actively managing their stakes in HSBC. For instance, American Century Companies Inc. raised its investment in HSBC by 4.6% during the second quarter, bringing its total to 850,842 shares, valued at $37,012,000 after acquiring an additional 37,781 shares. Similarly, Natixis Advisors LLC increased its ownership by 22.1% during the same period, ending up with 413,789 shares worth $18,000,000 following their purchase of 74,980 additional shares. Raymond James & Associates expanded its holdings by 2.6%, acquiring 9,323 shares to reach a total of 361,416 shares valued at $15,722,000. QRG Capital Management Inc. and Creative Planning also made increases to their positions in HSBC, demonstrating a trend of growing institutional interest in the company. It is noted that now 1.48% of HSBC's stock is held by institutional investors.

Market Analysts' Perspectives

In terms of market evaluations, Dbs Bank recently enhanced its rating for HSBC to a "strong-buy" in a research note. General sentiments amongst analysts show some variation, with two rating it as a sell, two as a hold, and one as a strong buy. According to data from MarketBeat.com, HSBC holds an average rating of "Hold" among market experts.

Current Performance of HSBC Shares

The shares of HSBC (NYSE: HSBC) opened at a price of $44.35 recently. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.89, and a quick ratio of 0.96. The stock's 50-day moving average stands at $43.65 while the 200-day moving average is at $43.21. With a market capitalization of $162.98 billion, HSBC's price-to-earnings ratio is currently at 7.65, while the PEG ratio is 0.89 and the beta is calculated at 0.56. HSBC's stock has seen a fifty-two week range, with a low of $35.30 and a high of $46.07.

In terms of financial performance, HSBC last revealed its quarterly results on July 31st, reporting earnings of $1.65 per share and total revenue of $16.54 billion for that quarter. In addition, the bank recorded a return on equity of 10.60% and a net profit margin of 15.61%. Analysts forecast that HSBC Holdings plc will achieve earnings per share of 6.22 for the ongoing fiscal year.

Recent Dividend Announcement

HSBC has also recently announced its quarterly dividend, which was distributed on September 27th. Shareholders who were on record as of August 16th received a dividend of $0.50 per share, translating to an annualized dividend of $2.00, which corresponds to a yield of 4.51%. The ex-dividend date was set for August 16th, and currently, HSBC’s dividend payout ratio is at 34.14%.

About HSBC Holdings plc

HSBC Holdings plc is a global banking and financial services organization providing a range of financial services across the globe. The company operates through various segments including Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets. The Wealth and Personal Banking division offers retail banking services alongside wealth products, which encompass current and savings accounts, mortgages, personal loans, credit and debit cards, and both international and local payment services. Additionally, they offer wealth management services that include insurance, investment products, and global asset management.

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