BSW Wealth Partners Sells 657 Shares of HSBC Holdings plc (NYSE:HSBC)

BSW Wealth Partners lowered its position in HSBC Holdings plc (NYSE:HSBC) by 5.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,271 shares of the financial services provider’s stock after selling 657 shares during the period. BSW Wealth Partners’ holdings in HSBC were worth $607,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Mediolanum International Funds Ltd bought a new stake in shares of HSBC during the 3rd quarter valued at $139,895,000. FMR LLC boosted its stake in HSBC by 44.3% during the third quarter. FMR LLC now owns 2,442,205 shares of the financial services provider’s stock worth $110,363,000 after acquiring an additional 749,759 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in HSBC by 2.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 514,642 shares of the financial services provider’s stock worth $25,454,000 after purchasing an additional 14,095 shares during the period. QRG Capital Management Inc. increased its stake in shares of HSBC by 2.5% during the third quarter. QRG Capital Management Inc. now owns 310,442 shares of the financial services provider’s stock valued at $14,029,000 after purchasing an additional 7,448 shares in the last quarter. Finally, Meritage Portfolio Management boosted its position in shares of HSBC by 28.9% in the 3rd quarter. Meritage Portfolio Management now owns 301,813 shares of the financial services provider’s stock worth $13,639,000 after purchasing an additional 67,617 shares in the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

HSBC Stock Down 0.3 %

HSBC stock opened at $51.96 on Wednesday. The business has a 50 day moving average of $48.68 and a 200 day moving average of $45.68. The firm has a market cap of $186.09 billion, a PE ratio of 8.59, a price-to-earnings-growth ratio of 1.35 and a beta of 0.54. HSBC Holdings plc has a twelve month low of $36.93 and a twelve month high of $52.14. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.52.

HSBC (NYSE:HSBC) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter. The firm had revenue of $36.62 billion during the quarter. HSBC had a return on equity of 10.71% and a net margin of 15.70%. During the same period in the prior year, the firm earned $1.45 EPS. On average, research analysts forecast that HSBC Holdings plc will post 6.67 EPS for the current fiscal year.

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.