Janney Montgomery Scott LLC lifted its stake in HSBC Holdings plc (NYSE:HSBC – Free Report) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,938 shares of the financial services provider’s stock after purchasing an additional 2,615 shares during the period. Janney Montgomery Scott LLC’s holdings in HSBC were worth $2,421,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Mediolanum International Funds Ltd purchased a new stake in shares of HSBC in the 3rd quarter worth $139,895,000. FMR LLC raised its holdings in shares of HSBC by 44.3% in the third quarter. FMR LLC now owns 2,442,205 shares of the financial services provider’s stock valued at $110,363,000 after acquiring an additional 749,759 shares in the last quarter. Janney Capital Management LLC purchased a new stake in HSBC in the fourth quarter worth about $9,306,000. International Assets Investment Management LLC bought a new position in HSBC during the 3rd quarter worth about $54,770,000. Finally, Bank of Montreal Can raised 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 valued at $7,820,000 after purchasing an additional 94,991 shares in the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.
HSBC Price Performance
Shares of HSBC opened at $52.50 on Friday. The stock has a market capitalization of $188.02 billion, a PE ratio of 8.68, a PEG ratio of 1.38 and a beta of 0.54. The company has a 50 day moving average price of $49.18 and a 200-day moving average price of $45.90. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 0.96. HSBC Holdings plc has a fifty-two week low of $36.93 and a fifty-two week high of $53.00.
HSBC 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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