SG Americas Securities LLC Trims Stock Holdings in HSBC Holdings plc (NYSE:HSBC)

SG Americas Securities LLC reduced its stake in HSBC Holdings plc (NYSE:HSBC) by 46.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,998 shares of the financial services provider’s stock after selling 6,156 shares during the period. SG Americas Securities LLC’s holdings in HSBC were worth $346,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. AQR Capital Management LLC increased its holdings in shares of HSBC by 33.9% in the 2nd quarter. AQR Capital Management LLC now owns 54,116 shares of the financial services provider’s stock valued at $2,354,000 after acquiring an additional 13,698 shares during the period. Truist Financial Corp raised its stake in shares of HSBC by 4.2% during the 2nd quarter. Truist Financial Corp now owns 36,480 shares of the financial services provider’s stock valued at $1,587,000 after buying an additional 1,481 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of HSBC by 1.5% during the 2nd quarter. Cetera Investment Advisers now owns 35,222 shares of the financial services provider’s stock valued at $1,532,000 after purchasing an additional 523 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of HSBC during the 2nd quarter worth about $654,000. Finally, GAMMA Investing LLC raised its stake in shares of HSBC by 28.8% during the 3rd quarter. GAMMA Investing LLC now owns 6,075 shares of the financial services provider’s stock worth $275,000 after buying an additional 1,360 shares during the period. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

HSBC Stock Down 2.1 %

HSBC stock opened at $51.31 on Tuesday. The firm has a 50 day moving average price of $49.18 and a 200 day moving average price of $45.93. HSBC Holdings plc has a fifty-two week low of $36.93 and a fifty-two week high of $52.99. The company has a market capitalization of $183.76 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of 1.39 and a beta of 0.54. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 0.96.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft lowered HSBC from a “buy” rating to a “hold” rating in a report on Monday.

HSBC Company 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.