Savant Capital LLC Increases Position in HSBC Holdings plc (NYSE:HSBC)

Savant Capital LLC increased its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 44.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,708 shares of the financial services provider’s stock after buying an additional 5,137 shares during the quarter. Savant Capital LLC’s holdings in HSBC were worth $826,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Huntington National Bank boosted its holdings in HSBC by 11.9% in the third quarter. Huntington National Bank now owns 2,122 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 226 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in HSBC by 1.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 21,909 shares of the financial services provider’s stock valued at $990,000 after purchasing an additional 235 shares during the last quarter. Abel Hall LLC boosted its holdings in HSBC by 4.3% in the third quarter. Abel Hall LLC now owns 6,221 shares of the financial services provider’s stock valued at $281,000 after purchasing an additional 257 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in HSBC by 1.9% in the third quarter. Integrated Wealth Concepts LLC now owns 14,185 shares of the financial services provider’s stock valued at $641,000 after purchasing an additional 265 shares during the last quarter. Finally, Drive Wealth Management LLC boosted its holdings in HSBC by 3.9% in the fourth quarter. Drive Wealth Management LLC now owns 7,036 shares of the financial services provider’s stock valued at $348,000 after purchasing an additional 265 shares during the last quarter. 1.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft downgraded shares of HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd.

HSBC Trading Down 0.2 %

Shares of HSBC stock opened at $55.08 on Friday. The firm has a 50-day simple moving average of $50.47 and a two-hundred day simple moving average of $46.61. The company has a market cap of $197.26 billion, a P/E ratio of 9.10, a price-to-earnings-growth ratio of 1.41 and a beta of 0.54. HSBC Holdings plc has a fifty-two week low of $36.93 and a fifty-two week high of $55.36. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 0.96.

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.