SG Americas Securities LLC trimmed its stake in HSBC Holdings plc (NYSE:HSBC - Free Report) by 46.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,998 shares of the financial services provider's stock after selling 6,156 shares during the period. SG Americas Securities LLC's holdings in HSBC were worth $346,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. AQR Capital Management LLC increased its position in shares of HSBC by 33.9% during the second quarter. AQR Capital Management LLC now owns 54,116 shares of the financial services provider's stock worth $2,354,000 after buying an additional 13,698 shares during the period. Truist Financial Corp grew its holdings in HSBC by 4.2% during the 2nd quarter. Truist Financial Corp now owns 36,480 shares of the financial services provider's stock worth $1,587,000 after acquiring an additional 1,481 shares during the period. Cetera Investment Advisers raised its position in shares of HSBC by 1.5% in the 2nd quarter. Cetera Investment Advisers now owns 35,222 shares of the financial services provider's stock worth $1,532,000 after acquiring an additional 523 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of HSBC in the 2nd quarter valued at about $654,000. Finally, GAMMA Investing LLC boosted its position in shares of HSBC by 28.8% during the 3rd quarter. GAMMA Investing LLC now owns 6,075 shares of the financial services provider's stock valued at $275,000 after purchasing an additional 1,360 shares in the last quarter. 1.48% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, Deutsche Bank Aktiengesellschaft lowered HSBC from a "buy" rating to a "hold" rating in a research note on Monday.
Read Our Latest Stock Analysis on HSBC
HSBC Stock Up 0.6 %
NYSE HSBC traded up $0.29 during mid-day trading on Wednesday, hitting $52.21. The company's stock had a trading volume of 1,052,374 shares, compared to its average volume of 1,377,416. HSBC Holdings plc has a twelve month low of $36.93 and a twelve month high of $52.99. The firm has a market capitalization of $186.99 billion, a price-to-earnings ratio of 8.63, a PEG ratio of 1.39 and a beta of 0.54. The company's 50 day simple moving average is $49.38 and its 200 day simple moving average is $46.05. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52.
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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