HSBC Holdings plc (NYSE:HSBC) Shares Bought by Savant Capital LLC

Savant Capital LLC increased its holdings in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 44.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,708 shares of the financial services provider's stock after acquiring an additional 5,137 shares during the quarter. Savant Capital LLC's holdings in HSBC were worth $826,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Mediolanum International Funds Ltd bought a new position in shares of HSBC during the third quarter worth about $139,895,000. FMR LLC grew its position in HSBC by 44.3% in the 3rd quarter. FMR LLC now owns 2,442,205 shares of the financial services provider's stock worth $110,363,000 after purchasing an additional 749,759 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of HSBC by 2.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 514,642 shares of the financial services provider's stock valued at $25,454,000 after purchasing an additional 14,095 shares during the period. Meritage Portfolio Management boosted its position in shares of HSBC by 5.6% during the fourth quarter. Meritage Portfolio Management now owns 318,825 shares of the financial services provider's stock worth $15,769,000 after buying an additional 17,012 shares during the period. Finally, QRG Capital Management Inc. grew its holdings in HSBC by 2.5% in the 3rd quarter. QRG Capital Management Inc. now owns 310,442 shares of the financial services provider's stock worth $14,029,000 after buying an additional 7,448 shares in the last quarter. Institutional investors own 1.48% of the company's stock.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft lowered HSBC from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd.

HSBC Price Performance

HSBC stock traded up $0.09 during trading hours on Wednesday, hitting $56.97. 2,306,065 shares of the company traded hands, compared to its average volume of 1,482,345. The firm's 50-day simple moving average is $50.79 and its two-hundred day simple moving average is $46.84. The firm has a market cap of $204.04 billion, a P/E ratio of 9.42, a P/E/G ratio of 1.46 and a beta of 0.54. HSBC Holdings plc has a 1-year low of $36.93 and a 1-year high of $57.08. 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 (NYSE:HSBC - Get Free Report) last announced its earnings results on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.41 by $0.04. HSBC had a return on equity of 10.71% and a net margin of 15.70%. As a group, analysts forecast that HSBC Holdings plc will post 6.67 earnings per share for the current fiscal 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.