HSBC Holdings plc (NYSE:HSBC) Stock Holdings Lifted by Caas Capital Management LP

Caas Capital Management LP boosted its holdings in HSBC Holdings plc (NYSE:HSBC) by 39.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 69,037 shares of the financial services provider’s stock after purchasing an additional 19,441 shares during the period. HSBC comprises 0.6% of Caas Capital Management LP’s holdings, making the stock its 8th largest position. Caas Capital Management LP’s holdings in HSBC were worth $3,415,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Mediolanum International Funds Ltd purchased a new position in HSBC in the third quarter worth $139,895,000. FMR LLC lifted its position in shares of HSBC by 44.3% during the 3rd quarter. FMR LLC now owns 2,442,205 shares of the financial services provider’s stock valued at $110,363,000 after buying an additional 749,759 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of HSBC by 2.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 514,642 shares of the financial services provider’s stock valued at $25,454,000 after buying an additional 14,095 shares during the last quarter. QRG Capital Management Inc. lifted its position in shares of HSBC by 2.5% during the 3rd quarter. QRG Capital Management Inc. now owns 310,442 shares of the financial services provider’s stock valued at $14,029,000 after buying an additional 7,448 shares during the last quarter. Finally, Meritage Portfolio Management lifted its position in shares of HSBC by 28.9% during the 3rd quarter. Meritage Portfolio Management now owns 301,813 shares of the financial services provider’s stock valued at $13,639,000 after buying an additional 67,617 shares during the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

HSBC Stock Down 2.1 %

Shares of NYSE HSBC opened at $51.31 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.96. HSBC Holdings plc has a one year low of $36.93 and a one year high of $52.99. The stock has a market capitalization of $183.76 billion, a PE ratio of 8.48, a P/E/G ratio of 1.39 and a beta of 0.54. The business’s fifty day moving average price is $49.18 and its 200-day moving average price is $45.93.

Wall Street Analysts Forecast Growth

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

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.