BKM Wealth Management LLC Has $675,000 Holdings in HSBC Holdings plc (NYSE:HSBC)

BKM Wealth Management LLC lessened its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 1.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 13,637 shares of the financial services provider’s stock after selling 236 shares during the quarter. BKM Wealth Management LLC’s holdings in HSBC were worth $675,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of HSBC. Mediolanum International Funds Ltd acquired a new position in shares of HSBC in the third quarter valued at approximately $139,895,000. FMR LLC grew its position 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 purchasing an additional 749,759 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in shares of HSBC by 2.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 514,642 shares of the financial services provider’s stock valued at $25,454,000 after purchasing an additional 14,095 shares during the last quarter. Meritage Portfolio Management grew its position in shares of HSBC by 5.6% in the fourth quarter. Meritage Portfolio Management now owns 318,825 shares of the financial services provider’s stock valued at $15,769,000 after purchasing an additional 17,012 shares during the last quarter. Finally, QRG Capital Management Inc. grew its position in shares of HSBC by 2.5% in the third quarter. QRG Capital Management Inc. now owns 310,442 shares of the financial services provider’s stock valued at $14,029,000 after purchasing an additional 7,448 shares during the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Trading Down 0.2 %

Shares of NYSE:HSBC opened at $55.08 on Tuesday. The business’s 50 day simple moving average is $50.47 and its 200 day simple moving average is $46.65. HSBC Holdings plc has a 1 year low of $36.93 and a 1 year high of $55.36. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $197.26 billion, a P/E ratio of 9.10, a P/E/G ratio of 1.41 and a beta of 0.54.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft downgraded HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd.

About HSBC

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.