Catalyst Capital Advisors LLC purchased a new stake in shares of HSBC Holdings plc (NYSE:HSBC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 200,000 shares of the financial services provider’s stock, valued at approximately $10,328,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wealth Advisors of Tampa Bay LLC purchased a new stake in HSBC during the fourth quarter valued at about $2,293,000. Wealthstreet Investment Advisors LLC bought a new position in shares of HSBC during the fourth quarter valued at about $227,000. Gradient Investments LLC grew its stake in shares of HSBC by 26.9% during the fourth quarter. Gradient Investments LLC now owns 33,641 shares of the financial services provider’s stock valued at $1,737,000 after buying an additional 7,136 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of HSBC by 13.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 21,562 shares of the financial services provider’s stock valued at $1,114,000 after buying an additional 2,499 shares during the last quarter. Finally, Modera Wealth Management LLC bought a new position in shares of HSBC during the fourth quarter valued at about $207,000. Institutional investors and hedge funds own 2.26% of the company’s stock.
Shares of HSBC Holdings plc (NYSE HSBC) opened at $51.38 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $202,410.00, a PE ratio of 37.50, a P/E/G ratio of 2.34 and a beta of 0.90. HSBC Holdings plc has a 12 month low of $39.63 and a 12 month high of $55.89.
HSBC has been the topic of a number of recent research reports. BidaskClub cut HSBC from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of HSBC in a research note on Friday, November 24th. UBS Group reaffirmed a “neutral” rating on shares of HSBC in a research note on Wednesday, November 29th. Macquarie initiated coverage on HSBC in a research note on Wednesday, November 29th. They set an “outperform” rating on the stock. Finally, Goldman Sachs Group reaffirmed a “neutral” rating on shares of HSBC in a research note on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. HSBC currently has a consensus rating of “Hold” and a consensus target price of $31.50.
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HSBC Company Profile
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.
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