HSBC Holdings plc $HSBC Shares Acquired by Hantz Financial Services Inc.

Hantz Financial Services Inc. boosted its holdings in HSBC Holdings plc (NYSE:HSBC) by 207.3% in the third quarter, HoldingsChannel.com reports. The firm owned 36,891 shares of the financial services provider’s stock after buying an additional 24,886 shares during the quarter. Hantz Financial Services Inc.’s holdings in HSBC were worth $2,619,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HSBC. Fisher Asset Management LLC boosted its holdings in shares of HSBC by 9.2% in the 2nd quarter. Fisher Asset Management LLC now owns 17,043,371 shares of the financial services provider’s stock valued at $1,036,067,000 after buying an additional 1,430,797 shares in the last quarter. American Century Companies Inc. lifted its position in HSBC by 11.9% in the second quarter. American Century Companies Inc. now owns 1,143,382 shares of the financial services provider’s stock valued at $69,506,000 after acquiring an additional 121,151 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in HSBC by 160.9% in the second quarter. JPMorgan Chase & Co. now owns 502,200 shares of the financial services provider’s stock valued at $30,529,000 after acquiring an additional 309,738 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of HSBC by 36.7% during the second quarter. Qube Research & Technologies Ltd now owns 365,570 shares of the financial services provider’s stock worth $22,223,000 after purchasing an additional 98,048 shares during the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of HSBC by 1.2% during the second quarter. Raymond James Financial Inc. now owns 338,050 shares of the financial services provider’s stock worth $20,550,000 after purchasing an additional 4,072 shares in the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Stock Performance

Shares of HSBC opened at $86.88 on Friday. The stock has a market capitalization of $298.42 billion, a P/E ratio of 18.29, a P/E/G ratio of 0.97 and a beta of 0.52. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 0.92. HSBC Holdings plc has a 1 year low of $45.66 and a 1 year high of $90.49. The company’s fifty day moving average is $79.82 and its two-hundred day moving average is $71.74.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HSBC shares. Jefferies Financial Group restated a “hold” rating on shares of HSBC in a research note on Friday, October 10th. Bank of America raised shares of HSBC from a “neutral” rating to a “buy” rating in a report on Wednesday, December 10th. Citigroup reiterated a “buy” rating on shares of HSBC in a research report on Friday, January 9th. Keefe, Bruyette & Woods raised shares of HSBC from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, December 17th. Finally, Erste Group Bank raised shares of HSBC from a “hold” rating to a “buy” rating in a report on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, HSBC currently has an average rating of “Moderate Buy” and a consensus target price of $63.00.

About HSBC

HSBC Holdings plc (NYSE: HSBC) is a multinational banking and financial services organization headquartered in London. It traces its origins to the Hongkong and Shanghai Banking Corporation, founded in 1865 to facilitate trade between Europe and Asia, and has since grown into one of the world’s largest banking groups. The company is publicly listed in multiple markets, including the London Stock Exchange, the Hong Kong Stock Exchange and as an American depositary receipt on the New York Stock Exchange.

HSBC operates a universal banking model, serving retail, commercial, corporate and institutional clients.