Oppenheimer & Co. Inc. raised its position in HSBC Holdings plc (NYSE:HSBC – Free Report) by 2.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,043 shares of the financial services provider’s stock after purchasing an additional 726 shares during the period. Oppenheimer & Co. Inc.’s holdings in HSBC were worth $1,422,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of HSBC. Benjamin F. Edwards & Company Inc. purchased a new position in shares of HSBC in the second quarter valued at about $27,000. Assetmark Inc. purchased a new position in shares of HSBC in the third quarter valued at about $30,000. EverSource Wealth Advisors LLC increased its position in shares of HSBC by 231.7% in the second quarter. EverSource Wealth Advisors LLC now owns 816 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 570 shares during the period. Paradigm Asset Management Co. LLC purchased a new position in shares of HSBC in the third quarter valued at about $39,000. Finally, American National Bank purchased a new position in shares of HSBC in the third quarter valued at about $40,000. 1.48% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the stock. Societe Generale cut shares of HSBC from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Royal Bank of Canada cut shares of HSBC from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, November 22nd. Finally, BNP Paribas cut shares of HSBC from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $811.00.
HSBC Price Performance
Shares of NYSE:HSBC opened at $39.99 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a fifty day moving average price of $39.40 and a 200 day moving average price of $39.02. HSBC Holdings plc has a fifty-two week low of $32.40 and a fifty-two week high of $42.47. The firm has a market cap of $153.12 billion, a price-to-earnings ratio of 5.79, a P/E/G ratio of 0.33 and a beta of 0.63.
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.
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