HSBC Holdings plc (NYSE:HSBC) Shares Acquired by JustInvest LLC

JustInvest LLC grew its stake in HSBC Holdings plc (NYSE:HSBC) by 13.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,295 shares of the financial services provider’s stock after acquiring an additional 1,747 shares during the quarter. JustInvest LLC’s holdings in HSBC were worth $374,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Morgan Stanley increased its stake in shares of HSBC by 149.8% in the 2nd quarter. Morgan Stanley now owns 3,342,786 shares of the financial services provider’s stock worth $96,439,000 after acquiring an additional 2,004,699 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of HSBC by 11.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,842,013 shares of the financial services provider’s stock worth $81,992,000 after acquiring an additional 287,434 shares during the last quarter. BlackRock Inc. increased its stake in shares of HSBC by 11.4% in the 2nd quarter. BlackRock Inc. now owns 1,360,035 shares of the financial services provider’s stock worth $39,237,000 after acquiring an additional 139,655 shares during the last quarter. Royal Bank of Canada increased its stake in shares of HSBC by 5.8% in the 2nd quarter. Royal Bank of Canada now owns 1,136,015 shares of the financial services provider’s stock worth $32,774,000 after acquiring an additional 62,581 shares during the last quarter. Finally, Castle Hook Partners LP acquired a new stake in shares of HSBC during the 2nd quarter worth about $25,009,000. 1.14% of the stock is owned by institutional investors and hedge funds.

NYSE HSBC opened at $35.35 on Friday. The company has a market cap of $143.55 billion, a P/E ratio of 12.63 and a beta of 0.67. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a 50-day moving average of $29.96 and a two-hundred day moving average of $28.57. HSBC Holdings plc has a 1-year low of $24.31 and a 1-year high of $35.38.

HSBC (NYSE:HSBC) last released its earnings results on Monday, October 25th. The financial services provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.08. The company had revenue of $12.20 billion during the quarter. HSBC had a return on equity of 5.51% and a net margin of 23.08%. On average, analysts anticipate that HSBC Holdings plc will post 3.6 EPS for the current fiscal year.

A number of analysts recently issued reports on HSBC shares. Zacks Investment Research raised HSBC from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Wednesday, December 1st. Investec downgraded HSBC from a “buy” rating to a “hold” rating in a research report on Friday, October 22nd. Royal Bank of Canada reissued an “outperform” rating on shares of HSBC in a research report on Wednesday, October 27th. Deutsche Bank Aktiengesellschaft raised HSBC from a “sell” rating to a “hold” rating in a research report on Tuesday, December 7th. Finally, UBS Group reissued a “buy” rating on shares of HSBC in a research report on Monday, November 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, HSBC has an average rating of “Hold” and an average target price of $265.00.

HSBC Company Profile

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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