Fisher Asset Management LLC grew its holdings in HSBC Holdings plc (NYSE:HSBC – Get Rating) by 5.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,970 shares of the financial services provider’s stock after buying an additional 428 shares during the period. Fisher Asset Management LLC’s holdings in HSBC were worth $273,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in HSBC. Commonwealth Equity Services LLC grew its stake in shares of HSBC by 11.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 36,215 shares of the financial services provider’s stock worth $1,091,000 after buying an additional 3,812 shares in the last quarter. Yousif Capital Management LLC purchased a new position in shares of HSBC during the 4th quarter worth about $1,908,000. CWM LLC purchased a new position in shares of HSBC during the 4th quarter worth about $46,000. Fifth Third Bancorp boosted its stake in shares of HSBC by 37.5% during the 4th quarter. Fifth Third Bancorp now owns 1,433 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 391 shares during the period. Finally, Clarius Group LLC purchased a new position in shares of HSBC during the 4th quarter worth about $342,000. 1.14% of the stock is owned by hedge funds and other institutional investors.
HSBC Trading Up 0.3 %
Shares of HSBC opened at $32.81 on Friday. HSBC Holdings plc has a 1-year low of $24.31 and a 1-year high of $38.61. The company has a 50-day moving average of $32.08 and a 200 day moving average of $33.17. The firm has a market capitalization of $133.96 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 0.49 and a beta of 0.51. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.89 and a quick ratio of 0.95.
HSBC Cuts Dividend
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the stock. Exane BNP Paribas cut shares of HSBC from an “outperform” rating to a “neutral” rating in a research note on Wednesday. Royal Bank of Canada lifted their price target on shares of HSBC from GBX 550 ($6.74) to GBX 590 ($7.23) in a research note on Friday, May 6th. Barclays lifted their price target on shares of HSBC from GBX 720 ($8.82) to GBX 780 ($9.56) in a research note on Tuesday. Investec raised shares of HSBC from a “hold” rating to a “buy” rating in a research note on Wednesday, June 15th. Finally, Morgan Stanley lifted their price objective on shares of HSBC from GBX 590 ($7.23) to GBX 624 ($7.65) in a report on Wednesday, July 6th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $609.86.
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.
- Get a free copy of the StockNews.com research report on HSBC (HSBC)
- MarketBeat: Week in Review 8/1 – 8/5
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?
- Why Apple Could Be At All-Time Highs By Year End
- Beyond Meat Is Not Beyond Hope, And It’s Cheap
Receive News & Ratings for HSBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC and related companies with MarketBeat.com's FREE daily email newsletter.