Athos Capital Ltd Purchases New Stake in HSBC Holdings plc (NYSE:HSBC)

Athos Capital Ltd acquired a new stake in shares of HSBC Holdings plc (NYSE:HSBC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 39,923 shares of the financial services provider’s stock, valued at approximately $1,973,000. HSBC Holdings plc comprises about 1.5% of Athos Capital Ltd’s investment portfolio, making the stock its 18th largest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bronfman E.L. Rothschild L.P. raised its position in shares of HSBC Holdings plc by 16.0% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,208 shares of the financial services provider’s stock valued at $102,000 after buying an additional 304 shares in the last quarter. LS Investment Advisors LLC raised its position in shares of HSBC Holdings plc by 2.6% during the 2nd quarter. LS Investment Advisors LLC now owns 2,338 shares of the financial services provider’s stock valued at $108,000 after buying an additional 59 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of HSBC Holdings plc by 89.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,413 shares of the financial services provider’s stock valued at $112,000 after buying an additional 1,139 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in HSBC Holdings plc by 1.8% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,477 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 43 shares during the period. Finally, Archford Capital Strategies LLC raised its position in HSBC Holdings plc by 250.9% in the 2nd quarter. Archford Capital Strategies LLC now owns 2,488 shares of the financial services provider’s stock worth $360,000 after purchasing an additional 1,779 shares during the period. 2.25% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently weighed in on HSBC shares. Zacks Investment Research lowered shares of HSBC Holdings plc from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. BidaskClub raised shares of HSBC Holdings plc from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Canaccord Genuity reissued a “hold” rating and issued a $9.00 price objective on shares of HSBC Holdings plc in a research report on Tuesday, September 5th. Credit Suisse Group AG downgraded shares of HSBC Holdings plc from a “neutral” rating to an “underperform” rating in a research note on Tuesday, October 10th. Finally, Jefferies Group LLC assumed coverage on shares of HSBC Holdings plc in a research note on Monday, September 4th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $31.33.

HSBC Holdings plc (NYSE:HSBC) opened at $48.32 on Wednesday. The stock has a market capitalization of $193,500.00, a PE ratio of 24.48, a P/E/G ratio of 2.54 and a beta of 0.93. HSBC Holdings plc has a 1-year low of $38.95 and a 1-year high of $50.86. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.30.

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About HSBC Holdings plc

HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.

Institutional Ownership by Quarter for HSBC Holdings plc (NYSE:HSBC)

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