Certuity LLC bought a new stake in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 4,753 shares of the financial services provider's stock, valued at approximately $235,000.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Huntington National Bank grew its stake in shares of HSBC by 11.9% during the 3rd quarter. Huntington National Bank now owns 2,122 shares of the financial services provider's stock valued at $96,000 after purchasing an additional 226 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of HSBC by 1.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 21,909 shares of the financial services provider's stock worth $990,000 after buying an additional 235 shares during the last quarter. Abel Hall LLC grew its position in HSBC by 4.3% during the third quarter. Abel Hall LLC now owns 6,221 shares of the financial services provider's stock valued at $281,000 after buying an additional 257 shares during the period. Integrated Wealth Concepts LLC raised its position in HSBC by 1.9% in the third quarter. Integrated Wealth Concepts LLC now owns 14,185 shares of the financial services provider's stock worth $641,000 after acquiring an additional 265 shares during the period. Finally, Drive Wealth Management LLC boosted its stake in shares of HSBC by 3.9% during the 4th quarter. Drive Wealth Management LLC now owns 7,036 shares of the financial services provider's stock worth $348,000 after acquiring an additional 265 shares during the last quarter. Institutional investors own 1.48% of the company's stock.
Analysts Set New Price Targets
Separately, Deutsche Bank Aktiengesellschaft lowered HSBC from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd.
Get Our Latest Analysis on HSBC
HSBC Stock Performance
Shares of HSBC stock traded down $0.12 during trading hours on Monday, reaching $55.08. 1,169,831 shares of the company traded hands, compared to its average volume of 1,355,791. The firm has a 50-day moving average price of $50.47 and a 200 day moving average price of $46.65. The company has a market cap of $197.26 billion, a P/E ratio of 9.10, a P/E/G ratio of 1.41 and a beta of 0.54. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.96. HSBC Holdings plc has a 12-month low of $36.93 and a 12-month high of $55.36.
HSBC Company Profile
(
Free Report)
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.
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