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.
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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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