HSBC (NYSE:HSBC) Rating Lowered to Hold at Deutsche Bank Aktiengesellschaft

HSBC (NYSE:HSBC) was downgraded by equities research analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note issued on Monday, Marketbeat Ratings reports.

HSBC Trading Up 1.2 %

Shares of NYSE HSBC opened at $51.94 on Monday. The company has a market cap of $186.01 billion, a price-to-earnings ratio of 8.58, a price-to-earnings-growth ratio of 1.39 and a beta of 0.54. The stock’s 50 day simple moving average is $49.27 and its 200 day simple moving average is $45.99. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. HSBC has a 12-month low of $36.93 and a 12-month high of $52.99.

Institutional Trading of HSBC

Several hedge funds have recently added to or reduced their stakes in HSBC. Venturi Wealth Management LLC lifted its holdings in HSBC by 58.2% in the fourth quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 210 shares during the period. Ignite Planners LLC lifted its stake in shares of HSBC by 1.3% in the 3rd quarter. Ignite Planners LLC now owns 17,427 shares of the financial services provider’s stock worth $788,000 after acquiring an additional 225 shares during the period. Huntington National Bank increased its stake in shares of HSBC by 11.9% during the third quarter. Huntington National Bank now owns 2,122 shares of the financial services provider’s stock valued at $96,000 after acquiring an additional 226 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in HSBC by 1.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 21,909 shares of the financial services provider’s stock worth $990,000 after purchasing an additional 235 shares in the last quarter. Finally, Abel Hall LLC lifted its position in HSBC by 4.3% in the third quarter. Abel Hall LLC now owns 6,221 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 257 shares during the period. Institutional investors own 1.48% of the company’s stock.

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.