Fmr LLC increased its position in HSBC Holdings plc (NYSE:HSBC) by 3.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,062,067 shares of the financial services provider’s stock after buying an additional 111,788 shares during the period. Fmr LLC’s holdings in HSBC were worth $125,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Legal & General Group Plc acquired a new stake in HSBC in the 3rd quarter worth $71,000. Moody National Bank Trust Division grew its position in HSBC by 5.8% in the 4th quarter. Moody National Bank Trust Division now owns 13,542 shares of the financial services provider’s stock worth $557,000 after purchasing an additional 742 shares during the last quarter. Camarda Financial Advisors LLC grew its position in HSBC by 25,075.9% in the 4th quarter. Camarda Financial Advisors LLC now owns 49,093 shares of the financial services provider’s stock worth $2,018,000 after purchasing an additional 48,898 shares during the last quarter. Diversified Trust Co acquired a new stake in HSBC in the 4th quarter worth $692,000. Finally, Ipswich Investment Management Co. Inc. acquired a new stake in HSBC in the 4th quarter worth $442,000. Hedge funds and other institutional investors own 2.46% of the company’s stock.

Shares of HSBC stock opened at $42.63 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.55. HSBC Holdings plc has a twelve month low of $38.23 and a twelve month high of $50.77. The stock has a market cap of $169.63 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 1.67 and a beta of 0.65.

HSBC (NYSE:HSBC) last issued its earnings results on Tuesday, February 19th. The financial services provider reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.55). The firm had revenue of $12.56 billion for the quarter, compared to analyst estimates of $13.90 billion. Research analysts forecast that HSBC Holdings plc will post 3.71 earnings per share for the current year.

Several brokerages have recently weighed in on HSBC. JPMorgan Chase & Co. reiterated a “sell” rating on shares of HSBC in a research report on Friday, March 8th. Deutsche Bank reiterated a “sell” rating on shares of HSBC in a research report on Friday, March 1st. Macquarie lowered shares of HSBC from a “neutral” rating to an “underperform” rating and set a $40.59 target price on the stock. in a research report on Monday, February 25th. Credit Suisse Group reiterated a “hold” rating on shares of HSBC in a research report on Friday, February 22nd. Finally, Barclays reiterated a “sell” rating on shares of HSBC in a research report on Tuesday, February 19th. Nine investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The company presently has a consensus rating of “Sell” and an average target price of $43.80.

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HSBC Profile

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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