HSBC (HSBC) Shares Gap Down to $52.02

HSBC Holdings plc (NYSE:HSBC) shares gapped down prior to trading on Tuesday . The stock had previously closed at $52.21, but opened at $52.02. HSBC shares last traded at $52.02, with a volume of 3010000 shares.

Several brokerages recently issued reports on HSBC. ValuEngine raised HSBC from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BNP Paribas cut HSBC from an “outperform” rating to a “neutral” rating in a research note on Wednesday, January 17th. Deutsche Bank reaffirmed a “neutral” rating on shares of HSBC in a research report on Friday, February 9th. BidaskClub raised HSBC from a “sell” rating to a “hold” rating in a research report on Saturday, November 11th. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of HSBC in a research report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $31.50.

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 company has a market cap of $208,032.63, a PE ratio of 36.41, a PEG ratio of 2.37 and a beta of 0.90.

A number of hedge funds and other institutional investors have recently made changes to their positions in HSBC. Harding Loevner LP boosted its position in HSBC by 4,384.0% during the 3rd quarter. Harding Loevner LP now owns 98,112,785 shares of the financial services provider’s stock valued at $17,392,000 after acquiring an additional 95,924,743 shares in the last quarter. Miller Howard Investments Inc. NY acquired a new stake in shares of HSBC in the 4th quarter worth $74,026,000. Fisher Asset Management LLC boosted its position in shares of HSBC by 3.0% in the 4th quarter. Fisher Asset Management LLC now owns 14,236,686 shares of the financial services provider’s stock worth $735,182,000 after purchasing an additional 411,768 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of HSBC in the 3rd quarter worth $19,699,000. Finally, Renaissance Technologies LLC boosted its position in shares of HSBC by 279.9% in the 4th quarter. Renaissance Technologies LLC now owns 421,400 shares of the financial services provider’s stock worth $21,761,000 after purchasing an additional 310,464 shares in the last quarter. 2.24% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “HSBC (HSBC) Shares Gap Down to $52.02” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright laws. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2018/02/22/hsbc-hsbc-shares-gap-down-to-52-02.html.

About HSBC

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.

Receive News & Ratings for HSBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply