HSBC Holdings plc (NYSE:HSBC) Shares Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB grew its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 97.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,325 shares of the financial services provider’s stock after purchasing an additional 2,633 shares during the period. Wilmington Savings Fund Society FSB’s holdings in HSBC were worth $263,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Mediolanum International Funds Ltd acquired a new position in HSBC in the third quarter worth approximately $139,895,000. FMR LLC grew its holdings in shares of HSBC by 44.3% in the 3rd quarter. FMR LLC now owns 2,442,205 shares of the financial services provider’s stock worth $110,363,000 after acquiring an additional 749,759 shares during the last quarter. Janney Capital Management LLC purchased a new stake in shares of HSBC during the fourth quarter valued at $9,306,000. International Assets Investment Management LLC acquired a new position in shares of HSBC in the 3rd quarter valued at $54,770,000. Finally, Bank of Montreal Can raised its holdings in HSBC by 124.3% during the 3rd quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider’s stock worth $7,820,000 after buying an additional 94,991 shares during the period. Institutional investors and hedge funds own 1.48% of the company’s stock.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft downgraded shares of HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd.

HSBC Stock Performance

Shares of HSBC stock opened at $54.60 on Wednesday. The stock has a market cap of $195.57 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 1.41 and a beta of 0.54. HSBC Holdings plc has a 12 month low of $36.93 and a 12 month high of $54.80. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.52. The business has a fifty day simple moving average of $49.88 and a 200-day simple moving average of $46.33.

About HSBC

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.