Catalyst Capital Advisors LLC Takes Position in HSBC Holdings plc (HSBC)

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.

Institutional Ownership by Quarter for HSBC (NYSE:HSBC)

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