Entropy Technologies LP purchased a new position in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,163 shares of the financial services provider's stock, valued at approximately $701,000.
A number of other hedge funds have also recently added to or reduced their stakes in HSBC. Bank of Montreal Can increased its stake in HSBC by 124.3% in the third quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider's stock valued at $7,820,000 after acquiring an additional 94,991 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in shares of HSBC by 12.3% in the 4th quarter. Ritholtz Wealth Management now owns 141,108 shares of the financial services provider's stock valued at $6,979,000 after purchasing an additional 15,510 shares in the last quarter. Perigon Wealth Management LLC bought a new position in shares of HSBC in the 4th quarter valued at $244,000. BNP Paribas Financial Markets raised its holdings in shares of HSBC by 383.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 93,675 shares of the financial services provider's stock worth $4,233,000 after buying an additional 74,295 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its stake in HSBC by 18.8% in the fourth quarter. Park Avenue Securities LLC now owns 32,689 shares of the financial services provider's stock valued at $1,617,000 after buying an additional 5,182 shares in the last quarter. Institutional investors own 1.48% of the company's stock.
HSBC Price Performance
Shares of NYSE:HSBC traded down $0.12 during trading on Friday, hitting $55.08. 1,169,831 shares of the company were exchanged, compared to its average volume of 1,355,791. HSBC Holdings plc has a 1-year low of $36.93 and a 1-year high of $55.36. The company has a market capitalization of $197.26 billion, a P/E ratio of 9.10, a price-to-earnings-growth ratio of 1.41 and a beta of 0.54. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.52. The business's 50 day moving average is $50.47 and its 200-day moving average is $46.61.
Analysts Set New Price Targets
Separately, Deutsche Bank Aktiengesellschaft cut shares of HSBC from a "buy" rating to a "hold" rating in a report on Monday, February 3rd.
Get Our Latest Stock Report on HSBC
About HSBC
(
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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