Clearbridge Investments LLC increased its holdings in HSBC Holdings plc (NYSE:HSBC) by 3.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 232,775 shares of the financial services provider’s stock after buying an additional 8,574 shares during the period. Clearbridge Investments LLC’s holdings in HSBC were worth $12,021,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Athos Capital Ltd acquired a new position in HSBC during the 3rd quarter valued at about $1,973,000. CIBC Asset Management Inc boosted its stake in HSBC by 10.4% during the 3rd quarter. CIBC Asset Management Inc now owns 14,120 shares of the financial services provider’s stock valued at $698,000 after purchasing an additional 1,330 shares during the period. Comerica Bank boosted its stake in HSBC by 1.0% during the 3rd quarter. Comerica Bank now owns 235,163 shares of the financial services provider’s stock valued at $11,461,000 after purchasing an additional 2,316 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its stake in HSBC by 0.7% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 316,720 shares of the financial services provider’s stock valued at $15,649,000 after purchasing an additional 2,321 shares during the period. Finally, Quantum Capital Management acquired a new position in HSBC during the 3rd quarter valued at about $212,000. 2.41% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE HSBC traded down $0.57 during midday trading on Friday, reaching $47.17. The company’s stock had a trading volume of 1,887,507 shares, compared to its average volume of 1,812,871. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.93 and a quick ratio of 0.93. HSBC Holdings plc has a one year low of $39.63 and a one year high of $55.89. The company has a market capitalization of $188,784.61, a P/E ratio of 45.36, a PEG ratio of 2.10 and a beta of 0.96.
A number of research firms have issued reports on HSBC. ValuEngine lowered shares of HSBC from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 3rd. JPMorgan Chase restated a “neutral” rating on shares of HSBC in a research report on Monday, March 19th. Societe Generale downgraded shares of HSBC from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Deutsche Bank restated a “neutral” rating on shares of HSBC in a research report on Friday, February 9th. Finally, Morgan Stanley restated a “buy” rating on shares of HSBC in a research report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. HSBC presently has a consensus rating of “Hold” and a consensus target price of $31.50.
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HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.
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