FDx Advisors Inc. raised its position in HSBC Holdings plc (NYSE:HSBC) by 15.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,020 shares of the financial services provider’s stock after purchasing an additional 4,979 shares during the period. FDx Advisors Inc.’s holdings in HSBC were worth $1,963,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in HSBC. UBS Asset Management Americas Inc. increased its position in shares of HSBC by 1.8% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,477 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 43 shares during the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in shares of HSBC in the 3rd quarter valued at approximately $221,000. TIAA FSB increased its position in shares of HSBC by 70.3% in the 3rd quarter. TIAA FSB now owns 28,835 shares of the financial services provider’s stock valued at $1,425,000 after purchasing an additional 11,903 shares during the last quarter. Aperio Group LLC increased its position in shares of HSBC by 2.3% in the 3rd quarter. Aperio Group LLC now owns 1,283,358 shares of the financial services provider’s stock valued at $63,411,000 after purchasing an additional 28,695 shares during the last quarter. Finally, Athos Capital Ltd purchased a new stake in shares of HSBC in the 3rd quarter valued at approximately $1,973,000. 2.24% of the stock is currently owned by institutional investors.
HSBC Holdings plc (NYSE:HSBC) opened at $51.23 on Friday. HSBC Holdings plc has a twelve month low of $39.63 and a twelve month high of $55.89. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.93 and a quick ratio of 0.94. The stock has a market cap of $204,113.52, a price-to-earnings ratio of 36.59, a PEG ratio of 2.33 and a beta of 0.90.
A number of equities research analysts have commented on the stock. BNP Paribas downgraded shares of HSBC from an “outperform” rating to a “neutral” rating in a research report on Wednesday, January 17th. ValuEngine raised shares of HSBC from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. reissued a “neutral” rating on shares of HSBC in a research report on Thursday, February 15th. Societe Generale downgraded shares of HSBC from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Santander raised shares of HSBC from a “sell” rating to a “hold” rating in a research report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. HSBC currently has an average rating of “Hold” and a consensus target price of $31.50.
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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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