SG Americas Securities LLC lowered its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 80.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 14,987 shares of the financial services provider’s stock after selling 60,390 shares during the period. SG Americas Securities LLC’s holdings in HSBC were worth $774,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. UBS Asset Management Americas Inc. raised its position in HSBC by 1.8% in the second quarter. UBS Asset Management Americas Inc. now owns 2,477 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 43 shares in the last quarter. Intl Fcstone Inc. acquired a new position in HSBC in the second quarter worth about $213,000. Sit Investment Associates Inc. raised its position in HSBC by 1.8% in the third quarter. Sit Investment Associates Inc. now owns 76,590 shares of the financial services provider’s stock worth $3,784,000 after purchasing an additional 1,350 shares in the last quarter. Quantitative Systematic Strategies LLC acquired a new position in HSBC in the third quarter worth about $221,000. Finally, Fisher Asset Management LLC raised its position in HSBC by 2.2% in the third quarter. Fisher Asset Management LLC now owns 13,824,918 shares of the financial services provider’s stock worth $683,089,000 after purchasing an additional 291,811 shares in the last quarter. 2.24% of the stock is owned by institutional investors and hedge funds.
Shares of HSBC Holdings plc (NYSE:HSBC) opened at $53.83 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $215,270.97, a PE ratio of 27.05, a price-to-earnings-growth ratio of 2.46 and a beta of 0.90. HSBC Holdings plc has a 52 week low of $39.63 and a 52 week high of $55.89.
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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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