We Are One Seven LLC Increases Holdings in HSBC Holdings plc (HSBC)

We Are One Seven LLC boosted its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 67.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,955 shares of the financial services provider’s stock after acquiring an additional 8,842 shares during the quarter. We Are One Seven LLC’s holdings in HSBC were worth $890,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HSBC. CWM LLC raised its holdings in HSBC by 53.8% during the 4th quarter. CWM LLC now owns 755 shares of the financial services provider’s stock worth $31,000 after buying an additional 264 shares during the period. Boston Common Asset Management LLC grew its stake in shares of HSBC by 2.6% during the 4th quarter. Boston Common Asset Management LLC now owns 10,984 shares of the financial services provider’s stock worth $452,000 after acquiring an additional 279 shares in the last quarter. Morningstar Investment Services LLC grew its stake in shares of HSBC by 1.8% during the 4th quarter. Morningstar Investment Services LLC now owns 16,343 shares of the financial services provider’s stock worth $672,000 after acquiring an additional 288 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of HSBC by 5.3% during the 4th quarter. Parallel Advisors LLC now owns 5,796 shares of the financial services provider’s stock worth $238,000 after acquiring an additional 293 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of HSBC by 16.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,274 shares of the financial services provider’s stock worth $93,000 after acquiring an additional 314 shares in the last quarter. 2.46% of the stock is currently owned by hedge funds and other institutional investors.

HSBC stock traded up $0.21 during midday trading on Wednesday, reaching $43.54. The company had a trading volume of 14,974 shares, compared to its average volume of 2,133,675. HSBC Holdings plc has a 1-year low of $38.23 and a 1-year high of $50.77. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.55. The company has a market cap of $173.45 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 1.78 and a beta of 0.65.

HSBC (NYSE:HSBC) last released its earnings results on Tuesday, February 19th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.95 by ($0.55). The business had revenue of $12.56 billion during the quarter, compared to analysts’ expectations of $13.90 billion. On average, analysts anticipate that HSBC Holdings plc will post 3.52 EPS for the current fiscal year.

Several equities analysts have recently weighed in on HSBC shares. Edward Jones cut shares of HSBC from a “hold” rating to a “sell” rating in a research note on Wednesday, December 19th. ValuEngine raised shares of HSBC from a “sell” rating to a “hold” rating in a research note on Tuesday, December 25th. Citigroup cut shares of HSBC from a “neutral” rating to a “sell” rating in a research note on Friday, January 4th. They noted that the move was a valuation call. Zacks Investment Research raised shares of HSBC from a “hold” rating to a “strong-buy” rating and set a $47.00 target price for the company in a research note on Tuesday, January 8th. Finally, Barclays downgraded HSBC from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 8th. Nine equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. HSBC has a consensus rating of “Sell” and a consensus price target of $43.80.

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HSBC Company 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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