Clearbridge Investments LLC increased its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 4.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,146 shares of the financial services provider’s stock after acquiring an additional 5,731 shares during the period. Clearbridge Investments LLC’s holdings in HSBC were worth $3,954,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Orion Portfolio Solutions LLC bought a new position in shares of HSBC in the fourth quarter worth approximately $28,000. Verus Capital Partners LLC bought a new position in shares of HSBC in the fourth quarter worth approximately $33,000. Total Clarity Wealth Management Inc. bought a new position in shares of HSBC in the fourth quarter worth approximately $38,000. HHM Wealth Advisors LLC bought a new position in shares of HSBC in the first quarter worth approximately $39,000. Finally, Horizon Bancorp Inc. IN bought a new position in shares of HSBC in the fourth quarter worth approximately $47,000. 1.69% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on HSBC shares. Credit Suisse Group downgraded shares of HSBC from an “outperform” rating to a “neutral” rating in a research note on Thursday, April 9th. They noted that the move was a valuation call. UBS Group reiterated a “neutral” rating on shares of HSBC in a research note on Wednesday, April 29th. Royal Bank of Canada reiterated an “underperform” rating on shares of HSBC in a research note on Tuesday, May 12th. Morgan Stanley restated a “sell” rating on shares of HSBC in a research report on Wednesday, May 27th. Finally, Citigroup upgraded shares of HSBC from a “sell” rating to a “neutral” rating in a research report on Monday, March 16th. Nine equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $42.00.

Shares of HSBC stock opened at $23.36 on Tuesday. The company has a market cap of $95.15 billion, a price-to-earnings ratio of 8.20, a price-to-earnings-growth ratio of 1.01 and a beta of 0.61. The company’s 50 day moving average is $24.36 and its 200 day moving average is $30.94. HSBC Holdings plc has a twelve month low of $22.67 and a twelve month high of $42.17. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.50.

HSBC (NYSE:HSBC) last announced its earnings results on Tuesday, April 28th. The financial services provider reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.22). HSBC had a net margin of 6.54% and a return on equity of 5.87%. The business had revenue of $13.33 billion for the quarter. Sell-side analysts expect that HSBC Holdings plc will post 1.69 EPS for the current fiscal year.

About HSBC

HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.

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Institutional Ownership by Quarter for HSBC (NYSE:HSBC)

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