HSBC Holdings plc (NYSE:HSBC) Shares Acquired by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB boosted its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 97.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,325 shares of the financial services provider’s stock after purchasing an additional 2,633 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in HSBC were worth $263,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its holdings in shares of HSBC by 124.3% in the 3rd quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider’s stock worth $7,820,000 after acquiring an additional 94,991 shares during the period. Ritholtz Wealth Management increased its stake in shares of HSBC by 12.3% in the fourth quarter. Ritholtz Wealth Management now owns 141,108 shares of the financial services provider’s stock valued at $6,979,000 after purchasing an additional 15,510 shares during the period. Perigon Wealth Management LLC acquired a new position in shares of HSBC during the fourth quarter worth approximately $244,000. BNP Paribas Financial Markets grew its holdings in HSBC by 383.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 93,675 shares of the financial services provider’s stock worth $4,233,000 after buying an additional 74,295 shares in the last quarter. Finally, Park Avenue Securities LLC increased its position in HSBC by 18.8% in the 4th quarter. Park Avenue Securities LLC now owns 32,689 shares of the financial services provider’s stock valued at $1,617,000 after acquiring an additional 5,182 shares during the period. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Trading Up 1.4 %

Shares of NYSE:HSBC opened at $54.60 on Wednesday. HSBC Holdings plc has a twelve month low of $36.93 and a twelve month high of $54.80. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. The firm has a market cap of $195.57 billion, a P/E ratio of 9.03, a P/E/G ratio of 1.41 and a beta of 0.54. The company has a 50 day moving average of $49.88 and a 200-day moving average of $46.33.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft cut HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd.

HSBC Company Profile

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.