Zions Bancorporation N.A. Raises Position in HSBC Holdings plc (NYSE:HSBC)

Zions Bancorporation N.A. lifted its position in shares of HSBC Holdings plc (NYSE:HSBCFree Report) by 26.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,854 shares of the financial services provider’s stock after acquiring an additional 4,317 shares during the period. Zions Bancorporation N.A.’s holdings in HSBC were worth $823,000 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 HSBC. Benjamin F. Edwards & Company Inc. purchased a new position in shares of HSBC in the second quarter worth $27,000. Assetmark Inc. purchased a new stake in shares of HSBC during the third quarter valued at $30,000. EverSource Wealth Advisors LLC boosted its position in shares of HSBC by 231.7% during the second quarter. EverSource Wealth Advisors LLC now owns 816 shares of the financial services provider’s stock valued at $32,000 after buying an additional 570 shares during the last quarter. Paradigm Asset Management Co. LLC purchased a new stake in shares of HSBC during the third quarter valued at $39,000. Finally, American National Bank purchased a new stake in shares of HSBC during the third quarter valued at $40,000. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HSBC shares. StockNews.com started coverage on HSBC in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Royal Bank of Canada cut HSBC from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, November 22nd. BNP Paribas cut HSBC from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 16th. Finally, Societe Generale cut HSBC from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, HSBC presently has an average rating of “Hold” and a consensus price target of $811.00.

Get Our Latest Stock Report on HSBC

HSBC Stock Up 0.4 %

NYSE HSBC opened at $39.86 on Wednesday. The stock’s 50-day moving average price is $39.28 and its 200-day moving average price is $39.07. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.47. HSBC Holdings plc has a 52 week low of $32.40 and a 52 week high of $42.47. The company has a market capitalization of $153.54 billion, a P/E ratio of 5.78, a price-to-earnings-growth ratio of 0.33 and a beta of 0.63.

HSBC (NYSE:HSBCGet Free Report) last posted its quarterly earnings data on Monday, October 30th. The financial services provider reported $1.45 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.07). HSBC had a return on equity of 14.04% and a net margin of 24.42%. The company had revenue of $34.11 billion during the quarter. During the same quarter in the prior year, the business earned $0.48 earnings per share. On average, equities research analysts predict that HSBC Holdings plc will post 6.47 earnings per share for the current year.

HSBC Company Profile

(Free Report)

HSBC Holdings plc provides banking and financial 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 and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising 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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