JustInvest LLC Raises Stake in HSBC Holdings plc (NYSE:HSBC)

JustInvest LLC grew its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 13.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,295 shares of the financial services provider’s stock after purchasing an additional 1,747 shares during the quarter. JustInvest LLC’s holdings in HSBC were worth $374,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of HSBC. Total Clarity Wealth Management Inc. purchased a new stake in HSBC in the third quarter worth about $26,000. Private Capital Group LLC lifted its stake in HSBC by 72.0% in the third quarter. Private Capital Group LLC now owns 1,285 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 538 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in HSBC by 11.6% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 3,663 shares of the financial services provider’s stock worth $96,000 after acquiring an additional 381 shares during the period. Advisory Services Network LLC purchased a new stake in HSBC in the second quarter worth about $99,000. Finally, BNP Paribas Arbitrage SA lifted its stake in HSBC by 155.0% in the second quarter. BNP Paribas Arbitrage SA now owns 3,471 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 2,110 shares during the period. 1.14% of the stock is owned by hedge funds and other institutional investors.

HSBC opened at $35.35 on Friday. HSBC Holdings plc has a 52-week low of $24.31 and a 52-week high of $35.38. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.40. The company has a market cap of $143.55 billion, a P/E ratio of 12.63 and a beta of 0.67. The firm’s 50-day moving average price is $29.96 and its 200-day moving average price is $28.57.

HSBC (NYSE:HSBC) last posted its quarterly earnings data on Monday, October 25th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.08. HSBC had a net margin of 23.08% and a return on equity of 5.51%. The firm had revenue of $12.20 billion for the quarter. On average, research analysts anticipate that HSBC Holdings plc will post 3.6 EPS for the current fiscal year.

HSBC has been the subject of a number of research reports. UBS Group reaffirmed a “buy” rating on shares of HSBC in a research note on Monday, November 1st. Deutsche Bank Aktiengesellschaft raised shares of HSBC from a “sell” rating to a “hold” rating in a research report on Tuesday, December 7th. Zacks Investment Research raised shares of HSBC from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Wednesday, December 1st. Bank of America raised shares of HSBC from a “neutral” rating to a “buy” rating in a research report on Thursday, October 14th. Finally, Investec lowered shares of HSBC from a “buy” rating to a “hold” rating in a research report on Friday, October 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $265.00.

HSBC Company Profile

HSBC Holdings plc provides banking and financial products and 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 products and services, such as current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services for ultra high net worth individuals; and wealth management services, including insurance and investment products, global asset management services, investment management, and private wealth solutions.

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Institutional Ownership by Quarter for HSBC (NYSE:HSBC)

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