Bogart Wealth LLC decreased its stake in HSBC Holdings plc (NYSE:HSBC) by 6.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,916 shares of the financial services provider’s stock after selling 2,532 shares during the period. HSBC makes up 1.2% of Bogart Wealth LLC’s portfolio, making the stock its 14th largest holding. Bogart Wealth LLC’s holdings in HSBC were worth $1,855,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its stake in HSBC by 89.4% during the second quarter. Tower Research Capital LLC TRC now owns 2,413 shares of the financial services provider’s stock worth $112,000 after buying an additional 1,139 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in HSBC by 1.8% during the second quarter. UBS Asset Management Americas Inc. now owns 2,477 shares of the financial services provider’s stock worth $115,000 after buying an additional 43 shares in the last quarter. Fieldpoint Private Securities LLC acquired a new stake in HSBC during the third quarter worth $127,000. Zions Bancorporation boosted its stake in HSBC by 374.8% during the third quarter. Zions Bancorporation now owns 3,010 shares of the financial services provider’s stock worth $149,000 after buying an additional 2,376 shares in the last quarter. Finally, Wesbanco Bank Inc. acquired a new stake in HSBC during the third quarter worth $207,000. Institutional investors and hedge funds own 2.23% of the company’s stock.
Shares of HSBC Holdings plc (NYSE HSBC) traded down $0.84 during midday trading on Friday, hitting $53.29. The company’s stock had a trading volume of 1,620,000 shares, compared to its average volume of 2,150,000. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.94 and a current ratio of 0.94. HSBC Holdings plc has a 12 month low of $39.63 and a 12 month high of $55.89. The company has a market capitalization of $209,580.00, a PE ratio of 38.90, a PEG ratio of 2.46 and a beta of 0.90.
HSBC (NYSE:HSBC) last released its quarterly earnings results on Monday, October 30th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.95 by ($0.20). equities analysts forecast that HSBC Holdings plc will post 3.2 EPS for the current year.
A number of research firms have weighed in on HSBC. ValuEngine upgraded shares of HSBC from a “hold” rating to a “buy” rating in a research note on Friday. BNP Paribas cut HSBC from an “outperform” rating to a “neutral” rating in a report on Wednesday, January 17th. Goldman Sachs Group reissued a “neutral” rating on shares of HSBC in a report on Tuesday, December 5th. Macquarie initiated coverage on HSBC in a report on Wednesday, November 29th. They set an “outperform” rating for the company. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of HSBC in a report on Friday, November 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $31.50.
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HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.
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