CIBC Asset Management Inc boosted its stake in HSBC Holdings plc (NYSE:HSBC) by 47.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,860 shares of the financial services provider’s stock after purchasing an additional 6,740 shares during the period. CIBC Asset Management Inc’s holdings in HSBC were worth $1,077,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of HSBC. UBS Asset Management Americas Inc. grew its position in HSBC by 1.8% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,477 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 43 shares during the period. Archford Capital Strategies LLC grew its position in shares of HSBC by 250.9% during the 2nd quarter. Archford Capital Strategies LLC now owns 2,488 shares of the financial services provider’s stock valued at $360,000 after acquiring an additional 1,779 shares during the period. Intl Fcstone Inc. bought a new stake in shares of HSBC during the 2nd quarter valued at $213,000. Bogart Wealth LLC grew its position in shares of HSBC by 29.3% during the 2nd quarter. Bogart Wealth LLC now owns 38,127 shares of the financial services provider’s stock valued at $1,769,000 after acquiring an additional 8,645 shares during the period. Finally, Sit Investment Associates Inc. grew its position in shares of HSBC by 1.8% during the 3rd quarter. Sit Investment Associates Inc. now owns 76,590 shares of the financial services provider’s stock valued at $3,784,000 after acquiring an additional 1,350 shares during the period. 2.26% of the stock is owned by institutional investors and hedge funds.
Shares of HSBC Holdings plc (NYSE:HSBC) opened at $51.38 on Tuesday. HSBC Holdings plc has a 1 year low of $39.63 and a 1 year high of $55.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $202,410.00, a price-to-earnings ratio of 37.50, a PEG ratio of 2.34 and a beta of 0.90.
A number of equities research analysts have recently issued reports on the stock. Deutsche Bank reissued a “neutral” rating on shares of HSBC in a research report on Friday. Santander raised shares of HSBC from a “sell” rating to a “hold” rating in a research report on Tuesday, February 6th. ValuEngine raised shares of HSBC from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. BNP Paribas downgraded shares of HSBC from an “outperform” rating to a “neutral” rating in a research report on Wednesday, January 17th. Finally, UBS Group reissued a “neutral” rating on shares of HSBC in a research report on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. HSBC presently has an average rating of “Hold” and a consensus target price of $31.50.
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HSBC Company Profile
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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