Pathstone Holdings LLC Grows Holdings in HSBC Holdings plc (NYSE:HSBC)

Pathstone Holdings LLC lifted its holdings in HSBC Holdings plc (NYSE:HSBC) by 3.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,810 shares of the financial services provider’s stock after buying an additional 5,636 shares during the quarter. Pathstone Holdings LLC’s holdings in HSBC were worth $8,102,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Seven Mile Advisory lifted its stake in HSBC by 3.6% during the 4th quarter. Seven Mile Advisory now owns 5,405 shares of the financial services provider’s stock valued at $267,000 after acquiring an additional 190 shares during the period. GeoWealth Management LLC lifted its stake in HSBC by 6.7% during the 4th quarter. GeoWealth Management LLC now owns 3,279 shares of the financial services provider’s stock valued at $162,000 after acquiring an additional 205 shares during the period. Venturi Wealth Management LLC lifted its stake in HSBC by 58.2% during the 4th quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 210 shares during the period. Horizon Investments LLC lifted its stake in HSBC by 1.4% during the 4th quarter. Horizon Investments LLC now owns 17,302 shares of the financial services provider’s stock valued at $856,000 after acquiring an additional 245 shares during the period. Finally, Lido Advisors LLC lifted its stake in HSBC by 3.4% during the 4th quarter. Lido Advisors LLC now owns 7,531 shares of the financial services provider’s stock valued at $372,000 after acquiring an additional 249 shares during the period. 1.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HSBC shares. Royal Bank of Canada reiterated a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd. Barclays upgraded shares of HSBC from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft cut shares of HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. UBS Group reiterated a “neutral” rating on shares of HSBC in a research note on Thursday, March 6th. Finally, StockNews.com upgraded shares of HSBC from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

HSBC Price Performance

NYSE HSBC opened at $58.86 on Friday. HSBC Holdings plc has a 12 month low of $39.42 and a 12 month high of $61.88. The stock has a market cap of $208.06 billion, a price-to-earnings ratio of 9.49, a PEG ratio of 1.05 and a beta of 0.53. The company’s 50 day moving average is $55.12 and its two-hundred day moving average is $52.14. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69.

HSBC (NYSE:HSBC) last released its earnings results on Tuesday, April 29th. The financial services provider reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.35. HSBC had a net margin of 16.17% and a return on equity of 12.20%. The company had revenue of $17.74 billion for the quarter, compared to analysts’ expectations of $16.60 billion. As a group, research analysts anticipate that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Dividend Announcement

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 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.