Wealthstar Advisors LLC Takes $664,000 Position in HSBC Holdings plc (NYSE:HSBC)

Wealthstar Advisors LLC acquired a new position in shares of HSBC Holdings plc (NYSE:HSBC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 13,430 shares of the financial services provider’s stock, valued at approximately $664,000.

Several other large investors also recently added to or reduced their stakes in the company. Berbice Capital Management LLC acquired a new stake in HSBC during the 4th quarter worth about $25,000. Larson Financial Group LLC boosted its holdings in shares of HSBC by 138.5% during the third quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 450 shares during the period. Brooklyn Investment Group purchased a new position in HSBC during the fourth quarter valued at approximately $49,000. Allworth Financial LP lifted its position in HSBC by 40.9% in the 3rd quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider’s stock worth $62,000 after buying an additional 397 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of HSBC by 116.2% during the 4th quarter. Versant Capital Management Inc now owns 1,498 shares of the financial services provider’s stock valued at $74,000 after buying an additional 805 shares during the period. 1.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft lowered HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd.

HSBC Trading Up 0.1 %

NYSE:HSBC opened at $53.07 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $190.07 billion, a P/E ratio of 8.77, a P/E/G ratio of 1.41 and a beta of 0.54. The stock’s 50 day moving average price is $49.74 and its 200 day moving average price is $46.23. HSBC Holdings plc has a 52 week low of $36.93 and a 52 week high of $53.43.

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.