Kathmere Capital Management LLC Makes New $260,000 Investment in HSBC Holdings plc (NYSE:HSBC)

Kathmere Capital Management LLC purchased a new position in HSBC Holdings plc (NYSE:HSBC) in the second quarter, Holdings Channel reports. The fund purchased 5,978 shares of the financial services provider’s stock, valued at approximately $260,000.

Other institutional investors have also made changes to their positions in the company. Susquehanna International Group Ltd. acquired a new stake in shares of HSBC during the 2nd quarter valued at $522,000. Lighthouse Investment Partners LLC purchased a new stake in shares of HSBC during the second quarter worth $206,000. AQR Capital Management LLC boosted its position in HSBC by 33.9% during the second quarter. AQR Capital Management LLC now owns 54,116 shares of the financial services provider’s stock valued at $2,354,000 after purchasing an additional 13,698 shares during the last quarter. DRW Securities LLC purchased a new position in HSBC in the second quarter valued at about $244,000. Finally, Frank Rimerman Advisors LLC acquired a new position in HSBC in the 2nd quarter worth about $2,590,000. 1.48% of the stock is currently owned by institutional investors and hedge funds.

HSBC Trading Down 0.6 %

Shares of NYSE:HSBC opened at $45.62 on Monday. HSBC Holdings plc has a 1 year low of $35.30 and a 1 year high of $46.07. The firm has a fifty day moving average price of $43.31 and a 200 day moving average price of $42.85. The company has a current ratio of 0.89, a quick ratio of 0.96 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $171.12 billion, a PE ratio of 7.87, a P/E/G ratio of 0.98 and a beta of 0.56.

HSBC (NYSE:HSBC) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.65 EPS for the quarter. HSBC had a return on equity of 10.60% and a net margin of 15.61%. The business had revenue of $16.54 billion for the quarter. Analysts expect that HSBC Holdings plc will post 5.74 EPS for the current fiscal year.

HSBC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 16th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date of this dividend was Friday, August 16th. HSBC’s payout ratio is 34.14%.

Wall Street Analyst Weigh In

Separately, Dbs Bank raised HSBC to a “strong-buy” rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.