Jefferies Group LLC boosted its holdings in HSBC Holdings plc (NYSE:HSBC) by 13.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,072 shares of the financial services provider’s stock after buying an additional 1,327 shares during the period. Jefferies Group LLC’s holdings in HSBC were worth $572,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Harding Loevner LP lifted its holdings in HSBC by 4,384.0% in the third quarter. Harding Loevner LP now owns 98,112,785 shares of the financial services provider’s stock valued at $17,392,000 after buying an additional 95,924,743 shares during the period. Fisher Asset Management LLC lifted its holdings in HSBC by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 14,236,686 shares of the financial services provider’s stock valued at $735,182,000 after buying an additional 411,768 shares during the period. Cambiar Investors LLC lifted its holdings in HSBC by 0.7% in 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 period. Parametric Portfolio Associates LLC lifted its holdings in 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 valued at $115,560,000 after buying an additional 263,130 shares during the period. Finally, Miller Howard Investments Inc. NY acquired a new position in HSBC in the fourth quarter valued at approximately $74,026,000. Institutional investors and hedge funds own 2.41% of the company’s stock.
Shares of HSBC stock opened at $49.44 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.43. The firm has a market cap of $197,829.64, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 2.20 and a beta of 0.92. HSBC Holdings plc has a twelve month low of $39.63 and a twelve month high of $55.89.
Several equities analysts recently weighed in on the stock. BNP Paribas lowered shares of HSBC from an “outperform” rating to a “neutral” rating in a report on Wednesday, January 17th. Santander upgraded shares of HSBC from a “sell” rating to a “hold” rating in a report on Tuesday, February 6th. ValuEngine upgraded shares of HSBC from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Deutsche Bank reiterated a “neutral” rating on shares of HSBC in a report on Friday, February 9th. Finally, Goldman Sachs reiterated a “neutral” rating on shares of HSBC in a report on Tuesday, December 5th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. HSBC presently has an average rating of “Hold” and an average price target of $31.50.
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HSBC Company Profile
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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