ETRADE Capital Management LLC Grows Stock Position in HSBC Holdings plc (NYSE:HSBC)

ETRADE Capital Management LLC grew its position in HSBC Holdings plc (NYSE:HSBC) by 9.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,515 shares of the financial services provider’s stock after acquiring an additional 4,350 shares during the quarter. ETRADE Capital Management LLC’s holdings in HSBC were worth $1,387,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HSBC. CIBC Private Wealth Group LLC lifted its position in HSBC by 4.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 252,171 shares of the financial services provider’s stock worth $9,858,000 after buying an additional 9,991 shares in the last quarter. Ballentine Partners LLC lifted its holdings in HSBC by 42.5% during the 4th quarter. Ballentine Partners LLC now owns 7,801 shares of the financial services provider’s stock worth $305,000 after buying an additional 2,328 shares during the last quarter. Guggenheim Capital LLC lifted its holdings in HSBC by 8.2% during the 4th quarter. Guggenheim Capital LLC now owns 71,690 shares of the financial services provider’s stock worth $2,802,000 after buying an additional 5,409 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of HSBC by 151.2% in the 4th quarter. IFP Advisors Inc now owns 2,095 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 1,261 shares during the last quarter. Finally, Advisor Partners LLC increased its position in HSBC by 28.2% in the 4th quarter. Advisor Partners LLC now owns 23,698 shares of the financial services provider’s stock valued at $909,000 after acquiring an additional 5,207 shares during the period. Institutional investors and hedge funds own 1.75% of the company’s stock.

NYSE HSBC opened at $24.40 on Friday. HSBC Holdings plc has a 12 month low of $23.88 and a 12 month high of $42.17. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $102.35 billion, a PE ratio of 27.92, a P/E/G ratio of 0.92 and a beta of 0.65. The company’s 50 day simple moving average is $25.44 and its 200 day simple moving average is $33.51.

HSBC (NYSE:HSBC) last posted its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.22). The business had revenue of $13.33 billion during the quarter. HSBC had a return on equity of 5.87% and a net margin of 6.54%. Sell-side analysts anticipate that HSBC Holdings plc will post 1.57 earnings per share for the current fiscal year.

HSBC has been the topic of a number of research reports. Citigroup upgraded HSBC from a “sell” rating to a “neutral” rating in a report on Monday, March 16th. Bank of America lowered HSBC from a “buy” rating to a “neutral” rating in a research note on Monday, March 30th. Berenberg Bank raised HSBC from a “sell” rating to a “hold” rating in a research report on Thursday, May 14th. Credit Suisse Group downgraded HSBC from an “outperform” rating to a “neutral” rating in a research note on Thursday, April 9th. They noted that the move was a valuation call. Finally, Keefe, Bruyette & Woods cut shares of HSBC from an “outperform” rating to an “underperform” rating in a research report on Wednesday, April 1st. Eight investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $42.00.

HSBC Company Profile

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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Institutional Ownership by Quarter for HSBC (NYSE:HSBC)

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