SG Americas Securities LLC boosted its holdings in HSBC Holdings plc (NYSE:HSBC) by 183.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 171,933 shares of the financial services provider’s stock after buying an additional 111,172 shares during the period. SG Americas Securities LLC’s holdings in HSBC were worth $6,580,000 as of its most recent SEC filing.
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Other hedge funds and other institutional investors have also made changes to their positions in the company. Weather Gauge Advisory LLC bought a new stake in shares of HSBC during the second quarter worth $202,000. Cordasco Financial Network lifted its stake in HSBC by 57.2% in the second quarter. Cordasco Financial Network now owns 838 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 305 shares during the last quarter. Bogart Wealth LLC lifted its stake in HSBC by 10.9% in the second quarter. Bogart Wealth LLC now owns 61,006 shares of the financial services provider’s stock valued at $2,546,000 after acquiring an additional 6,004 shares during the last quarter. Diversified Trust Co lifted its stake in HSBC by 6.5% in the second quarter. Diversified Trust Co now owns 20,048 shares of the financial services provider’s stock valued at $837,000 after acquiring an additional 1,218 shares during the last quarter. Finally, Old Port Advisors lifted its stake in HSBC by 7.8% in the second quarter. Old Port Advisors now owns 46,102 shares of the financial services provider’s stock valued at $1,941,000 after acquiring an additional 3,339 shares during the last quarter. Institutional investors and hedge funds own 2.34% of the company’s stock.
HSBC stock traded up $0.20 during midday trading on Friday, reaching $37.01. 5,823,699 shares of the company’s stock traded hands, compared to its average volume of 2,283,921. HSBC Holdings plc has a 52 week low of $35.35 and a 52 week high of $44.93. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.50. The firm’s fifty day moving average price is $38.12 and its 200-day moving average price is $39.62. The company has a market cap of $149.16 billion, a price-to-earnings ratio of 11.75, a P/E/G ratio of 7.00 and a beta of 0.71.
HSBC (NYSE:HSBC) last announced its quarterly earnings data on Monday, October 28th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.40). HSBC had a net margin of 23.48% and a return on equity of 6.65%. The firm had revenue of $13.27 billion during the quarter, compared to the consensus estimate of $14.09 billion. Analysts forecast that HSBC Holdings plc will post 3.68 earnings per share for the current year.
A number of research firms have recently issued reports on HSBC. ValuEngine upgraded shares of HSBC from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Morgan Stanley lowered shares of HSBC from an “equal” rating to a “weight” rating in a research report on Wednesday, October 9th. UBS Group reissued a “neutral” rating on shares of HSBC in a report on Tuesday, October 15th. Berenberg Bank lowered shares of HSBC from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. Finally, Jefferies Financial Group lowered shares of HSBC from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Seven analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $43.80.
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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