Crossmark Global Holdings Inc. Has $22.62 Million Holdings in HSBC Holdings plc (NYSE:HSBC)

Crossmark Global Holdings Inc. grew its stake in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 15.7% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 500,547 shares of the financial services provider's stock after acquiring an additional 67,941 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in HSBC were worth $22,620,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of HSBC. Allspring Global Investments Holdings LLC boosted its position in shares of HSBC by 317.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,343 shares of the financial services provider's stock worth $407,000 after acquiring an additional 7,866 shares in the last quarter. Norden Group LLC acquired a new position in HSBC during the 1st quarter worth approximately $211,000. Atomi Financial Group Inc. lifted its stake in HSBC by 9.5% in the 1st quarter. Atomi Financial Group Inc. now owns 16,421 shares of the financial services provider's stock valued at $646,000 after purchasing an additional 1,425 shares during the last quarter. Sei Investments Co. grew its stake in shares of HSBC by 2.4% during the first quarter. Sei Investments Co. now owns 112,970 shares of the financial services provider's stock worth $4,446,000 after buying an additional 2,639 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of HSBC during the first quarter worth $87,000. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Trading Down 4.0 %

NYSE HSBC traded down $1.88 during trading hours on Friday, reaching $44.96. The company's stock had a trading volume of 1,897,827 shares, compared to its average volume of 1,078,888. The firm has a fifty day simple moving average of $44.73 and a 200-day simple moving average of $43.93. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.96. HSBC Holdings plc has a 52 week low of $36.63 and a 52 week high of $47.56. The stock has a market cap of $98.58 billion, a P/E ratio of 7.43 and a beta of 0.56.

HSBC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 8th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.45%. The ex-dividend date is Friday, November 8th. HSBC's dividend payout ratio is currently 32.73%.

Analysts Set New Price Targets

Separately, Dbs Bank upgraded 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.