First Dallas Securities Inc. reduced its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 19.0% in the 4th quarter, HoldingsChannel reports. The fund owned 6,400 shares of the financial services provider’s stock after selling 1,500 shares during the quarter. First Dallas Securities Inc.’s holdings in HSBC were worth $330,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. raised its stake in HSBC by 1.8% during the second quarter. UBS Asset Management Americas Inc. now owns 2,477 shares of the financial services provider’s stock worth $115,000 after acquiring an additional 43 shares in the last quarter. Fieldpoint Private Securities LLC acquired a new position in HSBC during the third quarter worth $127,000. Bessemer Group Inc. raised its stake in HSBC by 60.2% during the fourth quarter. Bessemer Group Inc. now owns 2,846 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 1,070 shares in the last quarter. Zions Bancorporation raised its stake in HSBC by 374.8% during the third quarter. Zions Bancorporation now owns 3,010 shares of the financial services provider’s stock worth $149,000 after acquiring an additional 2,376 shares in the last quarter. Finally, Dean Capital Investments Management LLC acquired a new position in HSBC during the fourth quarter worth $200,000. Hedge funds and other institutional investors own 2.26% of the company’s stock.
Shares of HSBC Holdings plc (HSBC) opened at $51.39 on Monday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $205,513.19, a PE ratio of 36.71, a P/E/G ratio of 2.34 and a beta of 0.90. HSBC Holdings plc has a 12-month low of $39.63 and a 12-month high of $55.89.
HSBC has been the subject of a number of research reports. ValuEngine upgraded HSBC from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub upgraded HSBC from a “sell” rating to a “hold” rating in a research note on Saturday, November 11th. Santander upgraded HSBC from a “sell” rating to a “hold” rating in a research note on Tuesday, February 6th. Deutsche Bank restated a “neutral” rating on shares of HSBC in a research note on Friday. Finally, UBS Group restated a “neutral” rating on shares of HSBC in a research note on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $31.50.
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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