Lake Street Advisors Group LLC acquired a new stake in shares of HSBC Holdings plc (NYSE:HSBC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 11,927 shares of the financial services provider’s stock, valued at approximately $616,000.
Other large investors also recently made changes to their positions in the company. Capital Bank & Trust Co raised its stake in HSBC by 4.5% during the third quarter. Capital Bank & Trust Co now owns 64,654 shares of the financial services provider’s stock valued at $3,195,000 after buying an additional 2,805 shares during the last quarter. Cambiar Investors LLC raised its stake in HSBC by 0.7% during the fourth quarter. Cambiar Investors LLC now owns 4,552,865 shares of the financial services provider’s stock valued at $235,110,000 after buying an additional 32,692 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of HSBC by 13.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 21,562 shares of the financial services provider’s stock worth $1,114,000 after purchasing an additional 2,499 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of HSBC by 12.7% in the third quarter. Parametric Portfolio Associates LLC now owns 2,338,801 shares of the financial services provider’s stock worth $115,560,000 after purchasing an additional 263,130 shares during the last quarter. Finally, Athos Capital Ltd purchased a new position in shares of HSBC in the third quarter worth $1,973,000. Institutional investors and hedge funds own 2.41% of the company’s stock.
Shares of HSBC Holdings plc (NYSE:HSBC) opened at $49.62 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.43. HSBC Holdings plc has a fifty-two week low of $39.63 and a fifty-two week high of $55.89. The company has a market capitalization of $198,469.98, a price-to-earnings ratio of 35.44, a P/E/G ratio of 2.21 and a beta of 0.92.
Several research firms have recently weighed in on HSBC. ValuEngine upgraded HSBC from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BNP Paribas cut HSBC from an “outperform” rating to a “neutral” rating in a research note on Wednesday, January 17th. Deutsche Bank restated a “neutral” rating on shares of HSBC in a research note on Friday, February 9th. Morgan Stanley restated a “buy” rating on shares of HSBC in a research note on Tuesday, February 13th. Finally, UBS restated a “neutral” rating on shares of HSBC in a research note on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. HSBC presently has an average rating of “Hold” and an average target price of $31.50.
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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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