Blue Trust Inc. Grows Position in HSBC Holdings plc (NYSE:HSBC)

Blue Trust Inc. increased its position in HSBC Holdings plc (NYSE:HSBC - Free Report) by 62.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,839 shares of the financial services provider's stock after acquiring an additional 11,421 shares during the period. Blue Trust Inc.'s holdings in HSBC were worth $1,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HSBC. Berbice Capital Management LLC acquired a new stake in shares of HSBC in the fourth quarter worth $25,000. Larson Financial Group LLC lifted its stake in shares of HSBC by 138.5% in the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 450 shares during the period. Brooklyn Investment Group purchased a new stake in HSBC during the fourth quarter worth $49,000. Allworth Financial LP grew its position in HSBC by 40.9% during the third quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider's stock valued at $62,000 after buying an additional 397 shares during the period. Finally, Versant Capital Management Inc increased its holdings in HSBC by 116.2% in the fourth quarter. Versant Capital Management Inc now owns 1,498 shares of the financial services provider's stock valued at $74,000 after buying an additional 805 shares in the last quarter. Institutional investors and hedge funds own 1.48% of the company's stock.

HSBC Price Performance

Shares of HSBC stock traded up $0.25 during mid-day trading on Wednesday, hitting $52.21. 1,520,211 shares of the stock were exchanged, compared to its average volume of 1,391,378. The company has a market cap of $186.99 billion, a PE ratio of 8.63, a price-to-earnings-growth ratio of 1.35 and a beta of 0.54. The firm has a fifty day moving average of $48.80 and a 200 day moving average of $45.74. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.52. HSBC Holdings plc has a 52-week low of $36.93 and a 52-week high of $52.44.

HSBC (NYSE:HSBC - Get Free Report) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $1.70 earnings per share for the quarter. The business had revenue of $36.62 billion during the quarter. HSBC had a return on equity of 10.71% and a net margin of 15.70%. During the same period in the previous year, the company earned $1.45 earnings per share. Research analysts anticipate that HSBC Holdings plc will post 6.67 earnings per share for the current year.

HSBC Profile

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.