HSBC Holdings plc (HSBC) Shares Bought by CAPROCK Group Inc.
CAPROCK Group Inc. grew its position in shares of HSBC Holdings plc (NYSE:HSBC) by 109.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 23,892 shares of the financial services provider’s stock after acquiring an additional 12,503 shares during the period. CAPROCK Group Inc.’s holdings in HSBC were worth $1,310,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its holdings in shares of HSBC by 89.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,413 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 1,139 shares during the period. UBS Asset Management Americas Inc. grew its holdings in shares of HSBC by 1.8% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,477 shares of the financial services provider’s stock worth $115,000 after acquiring an additional 43 shares during the period. Fieldpoint Private Securities LLC purchased a new position in shares of HSBC during the 3rd quarter worth approximately $127,000. Zions Bancorporation grew its holdings in shares of HSBC by 374.8% during the 3rd quarter. Zions Bancorporation now owns 3,010 shares of the financial services provider’s stock worth $149,000 after acquiring an additional 2,376 shares during the period. Finally, Wesbanco Bank Inc. purchased a new position in shares of HSBC during the 3rd quarter worth approximately $207,000. Hedge funds and other institutional investors own 2.24% of the company’s stock.
A number of analysts have recently commented on HSBC shares. BidaskClub cut HSBC from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Credit Suisse Group cut HSBC from a “neutral” rating to an “underperform” rating in a research report on Tuesday, October 10th. Zacks Investment Research cut HSBC from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 9th. UBS Group reissued a “neutral” rating on shares of HSBC in a research report on Monday, December 11th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of HSBC in a research report on Friday, November 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $31.50.
Shares of HSBC Holdings plc (HSBC) traded up $0.72 on Wednesday, hitting $55.62. The stock had a trading volume of 2,660,000 shares, compared to its average volume of 1,910,000. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.94 and a current ratio of 0.94. HSBC Holdings plc has a 12-month low of $39.63 and a 12-month high of $55.69. The company has a market cap of $221,510.00, a PE ratio of 40.60, a P/E/G ratio of 2.57 and a beta of 0.93.
HSBC (NYSE:HSBC) last issued its quarterly earnings results on Monday, October 30th. The financial services provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.20). HSBC had a return on equity of 6.62% and a net margin of 20.66%. sell-side analysts forecast that HSBC Holdings plc will post 3.07 EPS for the current fiscal year.
HSBC Company Profile
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.
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