HSBC Holdings plc Announces Quarterly Dividend of $0.50 (NYSE:HSBC)

HSBC Holdings plc (NYSE:HSBC) announced a quarterly dividend on Tuesday, August 4th. Shareholders of record on Friday, August 14th will be paid a dividend of 0.50 per share by the financial services provider on Friday, September 25th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, August 14th.

HSBC has raised its dividend by an average of 0.3%annually over the last three years. HSBC has a payout ratio of 28.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect HSBC to earn $9.52 per share next year, which means the company should continue to be able to cover its $1.98 annual dividend with an expected future payout ratio of 20.8%.

HSBC Stock Performance

HSBC stock traded down $3.24 during midday trading on Wednesday, hitting $102.80. 2,102,946 shares of the company traded hands, compared to its average volume of 1,912,586. HSBC has a twelve month low of $62.43 and a twelve month high of $107.92. The stock has a market capitalization of $353.29 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 0.96 and a beta of 0.57. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.52. The business has a 50 day simple moving average of $97.18 and a 200-day simple moving average of $90.68.

HSBC (NYSE:HSBC) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.01. HSBC had a net margin of 16.06% and a return on equity of 13.35%. The business had revenue of $19.04 billion during the quarter, compared to the consensus estimate of $18.66 billion. As a group, equities research analysts predict that HSBC will post 8.64 earnings per share for the current year.

Insider Buying and Selling

In other HSBC news, insider Daniel Scott Palomaki sold 23,123 shares of HSBC stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $18.11, for a total transaction of $418,757.53. Following the sale, the insider owned 4,973 shares in the company, valued at $90,061.03. The trade was a 82.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.01% of the stock is currently owned by company insiders.

Institutional Trading of HSBC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HSBC. Northwestern Mutual Wealth Management Co. raised its stake in HSBC by 1,272.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 909,464 shares of the financial services provider’s stock worth $71,548,000 after acquiring an additional 843,186 shares in the last quarter. Bleakley Financial Group LLC acquired a new position in HSBC in the fourth quarter valued at about $988,000. Quantinno Capital Management LP increased its holdings in shares of HSBC by 20.9% during the first quarter. Quantinno Capital Management LP now owns 525,775 shares of the financial services provider’s stock worth $43,371,000 after buying an additional 90,711 shares in the last quarter. May Hill Capital LLC grew its position in HSBC by 105.9% during the 4th quarter. May Hill Capital LLC now owns 23,424 shares of the financial services provider’s stock worth $1,843,000 after acquiring an additional 12,047 shares during the last quarter. Finally, Prospera Financial Services Inc boosted its stake in HSBC by 41.1% in the fourth quarter. Prospera Financial Services Inc now owns 51,238 shares of the financial services provider’s stock worth $4,032,000 after purchasing an additional 14,933 shares in the last quarter. Institutional investors own 1.48% of the company’s stock.

About HSBC

HSBC Holdings plc (NYSE: HSBC) is a multinational banking and financial services organization headquartered in London. It traces its origins to the Hongkong and Shanghai Banking Corporation, founded in 1865 to facilitate trade between Europe and Asia, and has since grown into one of the world’s largest banking groups. The company is publicly listed in multiple markets, including the London Stock Exchange, the Hong Kong Stock Exchange and as an American depositary receipt on the New York Stock Exchange.

HSBC operates a universal banking model, serving retail, commercial, corporate and institutional clients.