Ballentine Partners LLC Has $412,000 Holdings in HSBC Holdings plc (HSBC)

Ballentine Partners LLC raised its stake in HSBC Holdings plc (NYSE:HSBC) by 19.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,988 shares of the financial services provider’s stock after acquiring an additional 1,321 shares during the period. Ballentine Partners LLC’s holdings in HSBC were worth $412,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in HSBC. Harding Loevner LP boosted its stake in HSBC by 4,384.0% in the third quarter. Harding Loevner LP now owns 98,112,785 shares of the financial services provider’s stock worth $17,392,000 after purchasing an additional 95,924,743 shares in the last quarter. Miller Howard Investments Inc. NY acquired a new position in HSBC in the fourth quarter worth $74,026,000. Fisher Asset Management LLC boosted its stake in HSBC by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 14,236,686 shares of the financial services provider’s stock worth $735,182,000 after purchasing an additional 411,768 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in HSBC in the third quarter worth $19,699,000. Finally, Parametric Portfolio Associates LLC boosted its stake in HSBC by 12.7% in the third quarter. Parametric Portfolio Associates LLC now owns 2,338,801 shares of the financial services provider’s stock worth $115,560,000 after purchasing an additional 263,130 shares in the last quarter. Hedge funds and other institutional investors own 2.27% of the company’s stock.

HSBC Holdings plc (NYSE:HSBC) opened at $51.58 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.94 and a current ratio of 0.94. HSBC Holdings plc has a one year low of $39.63 and a one year high of $55.89. The stock has a market capitalization of $205,010.00, a price-to-earnings ratio of 37.65, a PEG ratio of 2.43 and a beta of 0.90.

A number of equities analysts have commented on the company. ValuEngine raised HSBC from a “hold” rating to a “buy” rating in a research note on Friday. BNP Paribas lowered HSBC from an “outperform” rating to a “neutral” rating in a research note on Wednesday, January 17th. Goldman Sachs Group reissued a “neutral” rating on shares of HSBC in a research note on Tuesday, December 5th. Macquarie assumed coverage on HSBC in a research note on Wednesday, November 29th. They issued an “outperform” rating on the stock. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of HSBC in a research note on Friday, November 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $31.50.

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About HSBC

HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.

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Institutional Ownership by Quarter for HSBC (NYSE:HSBC)

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