SG Americas Securities LLC Purchases 111,172 Shares of HSBC Holdings plc (NYSE:HSBC)

SG Americas Securities LLC raised its position in shares of HSBC Holdings plc (NYSE:HSBC) by 183.0% during the third quarter, HoldingsChannel.com reports. The fund owned 171,933 shares of the financial services provider’s stock after buying an additional 111,172 shares during the quarter. SG Americas Securities LLC’s holdings in HSBC were worth $6,580,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of HSBC. Berman Capital Advisors LLC boosted its position in HSBC by 60.4% during the second quarter. Berman Capital Advisors LLC now owns 805 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 303 shares during the last quarter. Cordasco Financial Network boosted its position in shares of HSBC by 57.2% during the 2nd quarter. Cordasco Financial Network now owns 838 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 305 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in shares of HSBC during the 3rd quarter worth about $38,000. Coastal Investment Advisors Inc. bought a new position in shares of HSBC during the 2nd quarter worth about $40,000. Finally, SRS Capital Advisors Inc. bought a new position in shares of HSBC during the 2nd quarter worth about $41,000. 2.34% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently issued reports on HSBC. Berenberg Bank cut shares of HSBC from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. UBS Group reissued a “neutral” rating on shares of HSBC in a research report on Tuesday, October 15th. ValuEngine raised shares of HSBC from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Morgan Stanley cut shares of HSBC from an “equal” rating to a “weight” rating in a research report on Wednesday, October 9th. Finally, Jefferies Financial Group cut shares of HSBC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Seven analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. HSBC has an average rating of “Hold” and a consensus target price of $43.80.

NYSE HSBC traded down $0.20 during trading hours on Friday, hitting $38.24. The company’s stock had a trading volume of 1,624,234 shares, compared to its average volume of 2,159,310. HSBC Holdings plc has a 52 week low of $35.35 and a 52 week high of $44.93. The company has a market capitalization of $155.72 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 7.30 and a beta of 0.71. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.50. The company’s 50-day simple moving average is $38.20 and its two-hundred day simple moving average is $39.79.

HSBC (NYSE:HSBC) last announced its quarterly earnings results on Monday, October 28th. The financial services provider reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by ($0.40). HSBC had a net margin of 23.48% and a return on equity of 6.65%. The business had revenue of $13.27 billion during the quarter, compared to the consensus estimate of $14.09 billion. Research analysts anticipate that HSBC Holdings plc will post 3.68 EPS for the current fiscal year.

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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