Scotia Capital Inc. trimmed its position in HSBC Holdings plc (NYSE:HSBC) by 12.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,297 shares of the financial services provider’s stock after selling 2,105 shares during the period. Scotia Capital Inc.’s holdings in HSBC were worth $790,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently made changes to their positions in HSBC. Fieldpoint Private Securities LLC acquired a new stake in HSBC in the third quarter valued at approximately $127,000. Aevitas Wealth Management Inc. acquired a new stake in shares of HSBC during the fourth quarter worth $132,000. Bessemer Group Inc. lifted its stake in shares of HSBC by 60.2% during the fourth quarter. Bessemer Group Inc. now owns 2,846 shares of the financial services provider’s stock worth $147,000 after buying an additional 1,070 shares during the period. Zions Bancorporation lifted its stake in shares of HSBC by 374.8% during the third quarter. Zions Bancorporation now owns 3,010 shares of the financial services provider’s stock worth $149,000 after buying an additional 2,376 shares during the period. Finally, Dean Capital Investments Management LLC acquired a new stake in shares of HSBC during the fourth quarter worth $200,000. Institutional investors own 2.45% of the company’s stock.
Several equities research analysts have recently commented on the stock. BNP Paribas downgraded shares of HSBC from an “outperform” rating to a “neutral” rating in a research note on Wednesday, January 17th. Deutsche Bank reiterated a “neutral” rating on shares of HSBC in a research note on Friday, February 9th. Santander upgraded shares of HSBC from a “sell” rating to a “hold” rating in a research note on Tuesday, February 6th. ValuEngine upgraded shares of HSBC from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Goldman Sachs Group reiterated a “neutral” rating on shares of HSBC in a research note on Tuesday, December 5th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $31.50.
HSBC Holdings plc (HSBC) opened at $49.55 on Friday. The stock has a market cap of $198,309.91, a price-to-earnings ratio of 35.39, a P/E/G ratio of 2.21 and a beta of 0.92. HSBC Holdings plc has a 1 year low of $39.63 and a 1 year high of $55.89. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.43.
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.
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