Coldstream Capital Management Inc. Purchases 619 Shares of HSBC Holdings plc (NYSE:HSBC)

Coldstream Capital Management Inc. raised its position in HSBC Holdings plc (NYSE:HSBC) by 7.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,141 shares of the financial services provider’s stock after acquiring an additional 619 shares during the period. Coldstream Capital Management Inc.’s holdings in HSBC were worth $413,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Bank of Montreal Can raised its position in shares of HSBC by 124.3% in the 3rd quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider’s stock valued at $7,820,000 after purchasing an additional 94,991 shares during the last quarter. BNP Paribas Financial Markets increased its stake in HSBC by 383.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 93,675 shares of the financial services provider’s stock valued at $4,233,000 after purchasing an additional 74,295 shares in the last quarter. Mediolanum International Funds Ltd purchased a new position in shares of HSBC in the third quarter worth $139,895,000. HighTower Advisors LLC lifted its stake in shares of HSBC by 18.0% during the third quarter. HighTower Advisors LLC now owns 157,846 shares of the financial services provider’s stock worth $7,135,000 after buying an additional 24,080 shares during the period. Finally, Meritage Portfolio Management grew its holdings in shares of HSBC by 28.9% during the third quarter. Meritage Portfolio Management now owns 301,813 shares of the financial services provider’s stock valued at $13,639,000 after buying an additional 67,617 shares during the last quarter. 1.48% of the stock is owned by hedge funds and other institutional investors.

HSBC Price Performance

NYSE HSBC opened at $48.60 on Friday. The stock’s fifty day moving average price is $45.96 and its 200 day moving average price is $44.42. HSBC Holdings plc has a 1 year low of $36.93 and a 1 year high of $48.76. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of $175.10 billion, a price-to-earnings ratio of 8.03 and a beta of 0.56.

HSBC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 8th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend is Friday, November 8th. HSBC’s payout ratio is 32.73%.

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.