Exencial Wealth Advisors LLC Purchases New Holdings in HSBC Holdings plc (NYSE:HSBC)

Key Points

• Exencial Wealth Advisors LLC has acquired 16,699 shares of HSBC Holdings plc valued at approximately $959,000 in the first quarter, marking an expanding interest among institutional investors in the company.
• HSBC reported $1.95 EPS for the most recent quarter, exceeding analysts' expectations of $1.62, with a total revenue of $16.90 billion.
• Bank of America maintains a "neutral" rating for HSBC shares with a price target of $63.00, while the stock has a consensus rating of "Hold" from five analysts.

Exencial Wealth Advisors LLC acquired a new position in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 16,699 shares of the financial services provider's stock, valued at approximately $959,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in HSBC by 79.8% in the fourth quarter. JPMorgan Chase & Co. now owns 102,207 shares of the financial services provider's stock worth $5,055,000 after purchasing an additional 45,347 shares during the period. National Bank of Canada FI boosted its stake in HSBC by 739.7% in the fourth quarter. National Bank of Canada FI now owns 15,577 shares of the financial services provider's stock valued at $770,000 after acquiring an additional 13,722 shares during the last quarter. Wells Fargo & Company MN grew its holdings in HSBC by 5.3% during the 4th quarter. Wells Fargo & Company MN now owns 289,887 shares of the financial services provider's stock worth $14,338,000 after acquiring an additional 14,640 shares during the period. FMR LLC raised its position in shares of HSBC by 18.1% during the 4th quarter. FMR LLC now owns 2,883,238 shares of the financial services provider's stock valued at $142,605,000 after acquiring an additional 441,033 shares during the last quarter. Finally, Texas Yale Capital Corp. acquired a new position in shares of HSBC in the 4th quarter valued at $215,000. Institutional investors own 1.48% of the company's stock.

HSBC Stock Up 0.4%

Shares of NYSE:HSBC opened at $62.92 on Friday. The company has a 50 day moving average price of $61.28 and a two-hundred day moving average price of $57.50. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.86. The company has a market capitalization of $219.68 billion, a PE ratio of 12.46, a PEG ratio of 1.40 and a beta of 0.60. HSBC Holdings plc has a 52 week low of $40.91 and a 52 week high of $65.75.

HSBC (NYSE:HSBC - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $1.95 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.33. The business had revenue of $16.90 billion during the quarter, compared to analysts' expectations of $16.64 billion. HSBC had a net margin of 13.48% and a return on equity of 12.73%. Analysts forecast that HSBC Holdings plc will post 6.66 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Bank of America reaffirmed a "neutral" rating and set a $63.00 price objective on shares of HSBC in a research note on Tuesday, June 3rd. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $63.00.

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.

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