Pathstone Holdings LLC Has $8.10 Million Position in HSBC Holdings plc (NYSE:HSBC)

Pathstone Holdings LLC raised its stake in HSBC Holdings plc (NYSE:HSBC - Free Report) by 3.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 163,810 shares of the financial services provider's stock after purchasing an additional 5,636 shares during the period. Pathstone Holdings LLC's holdings in HSBC were worth $8,102,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Berbice Capital Management LLC bought a new stake in HSBC in the 4th quarter valued at $25,000. Venturi Wealth Management LLC lifted its stake in shares of HSBC by 58.2% during the 4th quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider's stock worth $28,000 after buying an additional 210 shares during the last quarter. CoreCap Advisors LLC increased its stake in HSBC by 342.9% in the fourth quarter. CoreCap Advisors LLC now owns 589 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 456 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in HSBC during the 4th quarter worth approximately $30,000. Finally, Brooklyn Investment Group acquired a new position in HSBC in the fourth quarter valued at $49,000. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. UBS Group restated a "neutral" rating on shares of HSBC in a research note on Thursday, March 6th. Royal Bank of Canada restated a "sector perform" rating on shares of HSBC in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft lowered HSBC from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. StockNews.com upgraded HSBC from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th. Finally, Barclays upgraded shares of HSBC from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, March 4th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

HSBC Stock Performance

Shares of HSBC stock traded up $0.30 during mid-day trading on Tuesday, hitting $59.97. The stock had a trading volume of 1,274,162 shares, compared to its average volume of 1,731,266. The company's 50-day simple moving average is $55.20 and its 200-day simple moving average is $52.32. HSBC Holdings plc has a fifty-two week low of $39.42 and a fifty-two week high of $61.88. The firm has a market cap of $211.97 billion, a PE ratio of 9.67, a PEG ratio of 1.05 and a beta of 0.53. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.96.

HSBC (NYSE:HSBC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.35. The firm had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $16.60 billion. HSBC had a return on equity of 12.20% and a net margin of 16.17%. Sell-side analysts anticipate that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, May 12th will be paid a dividend of $0.495 per share. This represents a yield of 3.5%. The ex-dividend date of this dividend is Friday, May 9th. HSBC's payout ratio is 36.33%.

About HSBC

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.