D L Carlson Investment Group Inc. increased its position in HSBC Holdings plc (NYSE:HSBC) by 18.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,559 shares of the financial services provider’s stock after purchasing an additional 9,079 shares during the quarter. D L Carlson Investment Group Inc.’s holdings in HSBC were worth $3,024,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in the company. UBS Asset Management Americas Inc. raised its holdings in HSBC by 1.8% in the second quarter. UBS Asset Management Americas Inc. now owns 2,477 shares of the financial services provider’s stock valued at $115,000 after acquiring an additional 43 shares in the last quarter. Fieldpoint Private Securities LLC acquired a new stake in HSBC in the third quarter valued at $127,000. Bessemer Group Inc. raised its holdings in HSBC by 60.2% in the fourth quarter. Bessemer Group Inc. now owns 2,846 shares of the financial services provider’s stock valued at $147,000 after acquiring an additional 1,070 shares in the last quarter. Zions Bancorporation raised its holdings in HSBC by 374.8% in the third quarter. Zions Bancorporation now owns 3,010 shares of the financial services provider’s stock valued at $149,000 after acquiring an additional 2,376 shares in the last quarter. Finally, Dean Capital Investments Management LLC acquired a new stake in HSBC in the fourth quarter valued at $200,000. Institutional investors and hedge funds own 2.24% of the company’s stock.
Several research firms recently issued reports on HSBC. BNP Paribas cut shares of HSBC from an “outperform” rating to a “neutral” rating in a report on Wednesday, January 17th. Deutsche Bank reaffirmed a “neutral” rating on shares of HSBC in a report on Friday, February 9th. Santander raised shares of HSBC from a “sell” rating to a “hold” rating in a report on Tuesday, February 6th. ValuEngine raised shares of HSBC from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Goldman Sachs Group reissued a “neutral” rating on shares of HSBC in a report on Tuesday, December 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. HSBC has an average rating of “Hold” and an average price target of $31.50.
Shares of HSBC Holdings plc (NYSE HSBC) opened at $53.83 on Monday. The firm has a market cap of $215,270.97, a price-to-earnings ratio of 38.45, a price-to-earnings-growth ratio of 2.46 and a beta of 0.90. HSBC Holdings plc has a twelve month low of $39.63 and a twelve month high of $55.89. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.30.
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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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