Private Capital Group LLC Purchases 538 Shares of HSBC Holdings plc (NYSE:HSBC)

Private Capital Group LLC raised its position in shares of HSBC Holdings plc (NYSE:HSBC) by 72.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,285 shares of the financial services provider’s stock after acquiring an additional 538 shares during the quarter. Private Capital Group LLC’s holdings in HSBC were worth $34,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Bogart Wealth LLC boosted its position in shares of HSBC by 63.5% in the 2nd quarter. Bogart Wealth LLC now owns 976 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 379 shares in the last quarter. Bbva USA bought a new stake in shares of HSBC in the 2nd quarter worth approximately $48,000. Bessemer Group Inc. boosted its position in shares of HSBC by 119.4% in the 2nd quarter. Bessemer Group Inc. now owns 2,238 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 1,218 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of HSBC by 23.5% in the 1st quarter. Captrust Financial Advisors now owns 2,309 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 440 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of HSBC in the 2nd quarter worth approximately $99,000. 1.24% of the stock is currently owned by institutional investors and hedge funds.

Shares of HSBC opened at $29.61 on Thursday. The firm has a market cap of $120.82 billion, a PE ratio of 10.58 and a beta of 0.64. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.40. The firm has a fifty day simple moving average of $28.47 and a two-hundred day simple moving average of $28.78. HSBC Holdings plc has a 1-year low of $24.31 and a 1-year high of $32.43.

HSBC (NYSE:HSBC) last announced its earnings results on Monday, October 25th. The financial services provider reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.08. HSBC had a net margin of 23.08% and a return on equity of 5.51%. As a group, research analysts forecast that HSBC Holdings plc will post 3.51 EPS for the current fiscal year.

HSBC has been the topic of a number of analyst reports. UBS Group reissued a “buy” rating on shares of HSBC in a research report on Monday, November 1st. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of HSBC in a research report on Tuesday, October 26th. Morgan Stanley reaffirmed an “equal weight” rating on shares of HSBC in a research report on Thursday, August 5th. Investec cut HSBC from a “buy” rating to a “hold” rating in a research report on Friday, October 22nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating on shares of HSBC in a research report on Wednesday, October 27th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $30.00.

About HSBC

HSBC Holdings plc provides banking and financial products and 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 products and services, such as current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services for ultra high net worth individuals; and wealth management services, including insurance and investment products, global asset management services, investment management, and private wealth solutions.

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Institutional Ownership by Quarter for HSBC (NYSE:HSBC)

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