Clearbridge Investments LLC increased its stake in HSBC Holdings plc (NYSE:HSBC) by 4.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,146 shares of the financial services provider’s stock after purchasing an additional 5,731 shares during the period. Clearbridge Investments LLC’s holdings in HSBC were worth $3,954,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC boosted its stake in HSBC by 21.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 21,933 shares of the financial services provider’s stock worth $614,000 after purchasing an additional 3,900 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in HSBC in the 1st quarter worth approximately $14,812,000. Mercer Global Advisors Inc. ADV boosted its stake in HSBC by 16.7% in the 1st quarter. Mercer Global Advisors Inc. ADV now owns 87,733 shares of the financial services provider’s stock worth $2,457,000 after purchasing an additional 12,580 shares in the last quarter. Advisor Group Holdings Inc. acquired a new stake in HSBC in the 1st quarter worth approximately $1,101,000. Finally, Tower Research Capital LLC TRC boosted its stake in HSBC by 780.9% in the 1st quarter. Tower Research Capital LLC TRC now owns 3,189 shares of the financial services provider’s stock worth $89,000 after purchasing an additional 2,827 shares in the last quarter. Institutional investors own 1.69% of the company’s stock.

Several analysts have commented on HSBC shares. Barclays restated an “underweight” rating on shares of HSBC in a research note on Tuesday, May 5th. Exane BNP Paribas cut shares of HSBC from a “neutral” rating to an “underperform” rating in a research note on Friday, March 6th. Royal Bank of Canada restated an “underperform” rating on shares of HSBC in a research note on Tuesday, May 12th. Morgan Stanley restated a “sell” rating on shares of HSBC in a research note on Wednesday, May 27th. Finally, Citigroup upgraded shares of HSBC from a “sell” rating to a “neutral” rating in a research note on Monday, March 16th. Nine analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. HSBC presently has an average rating of “Hold” and an average price target of $42.00.

HSBC opened at $23.36 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a fifty day moving average price of $24.36 and a 200 day moving average price of $30.94. HSBC Holdings plc has a 1 year low of $22.67 and a 1 year high of $42.17. The stock has a market cap of $95.15 billion, a P/E ratio of 8.20, a P/E/G ratio of 1.01 and a beta of 0.61.

HSBC (NYSE:HSBC) last posted its earnings results on Tuesday, April 28th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.22). HSBC had a net margin of 6.54% and a return on equity of 5.87%. The firm had revenue of $13.33 billion during the quarter. Equities analysts expect that HSBC Holdings plc will post 1.69 EPS for the current 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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