Liberty Wealth Management LLC Invests $2.26 Million in HSBC Holdings plc (NYSE:HSBC)

Key Points

• Liberty Wealth Management LLC invested approximately $2.26 million in HSBC Holdings plc, acquiring 39,424 shares during the first quarter.
• Several institutional investors increased their positions in HSBC, with National Bank of Canada FI raising its stake by 739.7% in the fourth quarter.
• HSBC reported $1.95 earnings per share for the last quarter, exceeding analysts' expectations, and has a current consensus rating of "Hold" with a target price of $63.00.

Liberty Wealth Management LLC bought a new position in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 39,424 shares of the financial services provider's stock, valued at approximately $2,264,000.

Other institutional investors also recently modified their holdings of the company. LPL Financial LLC raised its position in HSBC by 23.2% in the 4th quarter. LPL Financial LLC now owns 153,518 shares of the financial services provider's stock valued at $7,593,000 after buying an additional 28,875 shares during the last quarter. JPMorgan Chase & Co. raised its position in HSBC by 79.8% in the 4th quarter. JPMorgan Chase & Co. now owns 102,207 shares of the financial services provider's stock valued at $5,055,000 after buying an additional 45,347 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in HSBC in the 4th quarter valued at $3,998,000. Franklin Resources Inc. raised its position in HSBC by 3.1% in the 4th quarter. Franklin Resources Inc. now owns 397,408 shares of the financial services provider's stock valued at $19,656,000 after buying an additional 11,864 shares during the last quarter. Finally, National Bank of Canada FI raised its position in HSBC by 739.7% in the 4th quarter. National Bank of Canada FI now owns 15,577 shares of the financial services provider's stock valued at $770,000 after buying an additional 13,722 shares during the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Trading Up 0.1%

Shares of HSBC stock opened at $61.35 on Monday. HSBC Holdings plc has a 1 year low of $39.42 and a 1 year high of $65.75. The firm has a market cap of $214.20 billion, a PE ratio of 12.15, a P/E/G ratio of 1.39 and a beta of 0.60. The stock has a fifty day moving average price of $61.02 and a 200-day moving average price of $57.27. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.86 and a quick ratio of 0.93.

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

Analyst Upgrades and Downgrades

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

HSBC Profile

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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