SVB Wealth LLC Sells 692 Shares of HSBC Holdings plc (NYSE:HSBC)

SVB Wealth LLC lowered its stake in HSBC Holdings plc (NYSE:HSBC) by 5.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,867 shares of the financial services provider’s stock after selling 692 shares during the period. SVB Wealth LLC’s holdings in HSBC were worth $467,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Raymond James & Associates increased its position in shares of HSBC by 5.2% during the 4th quarter. Raymond James & Associates now owns 339,780 shares of the financial services provider’s stock valued at $13,775,000 after purchasing an additional 16,725 shares during the last quarter. Blue Trust Inc. boosted its stake in HSBC by 46.3% during the fourth quarter. Blue Trust Inc. now owns 4,099 shares of the financial services provider’s stock worth $161,000 after buying an additional 1,297 shares during the period. Global Retirement Partners LLC increased its position in HSBC by 334.9% during the fourth quarter. Global Retirement Partners LLC now owns 11,664 shares of the financial services provider’s stock valued at $443,000 after acquiring an additional 8,982 shares during the last quarter. Caprock Group LLC raised its stake in shares of HSBC by 18.8% in the fourth quarter. Caprock Group LLC now owns 11,029 shares of the financial services provider’s stock valued at $447,000 after acquiring an additional 1,747 shares during the period. Finally, Drive Wealth Management LLC lifted its stake in shares of HSBC by 11.0% during the 4th quarter. Drive Wealth Management LLC now owns 5,952 shares of the financial services provider’s stock worth $241,000 after purchasing an additional 589 shares during the last quarter. 1.48% of the stock is owned by institutional investors.

HSBC Stock Up 0.6 %

HSBC traded up $0.26 on Tuesday, hitting $43.56. The company had a trading volume of 428,930 shares, compared to its average volume of 1,846,324. The stock has a market capitalization of $163.39 billion, a price-to-earnings ratio of 7.47, a P/E/G ratio of 1.02 and a beta of 0.58. The stock has a fifty day moving average price of $43.75 and a 200-day moving average price of $41.46. HSBC Holdings plc has a 12-month low of $35.30 and a 12-month high of $45.46. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.96 and a current ratio of 0.96.

HSBC (NYSE:HSBC) last released its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.70 EPS for the quarter. The company had revenue of $20.75 billion during the quarter. HSBC had a return on equity of 10.80% and a net margin of 16.13%. Analysts predict that HSBC Holdings plc will post 6.4 EPS for the current fiscal year.

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.