Greenleaf Trust Reduces Stock Holdings in HSBC Holdings plc (NYSE:HSBC)

Greenleaf Trust reduced its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,967 shares of the financial services provider’s stock after selling 765 shares during the quarter. Greenleaf Trust’s holdings in HSBC were worth $889,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Ignite Planners LLC raised its stake in HSBC by 1.3% in the third quarter. Ignite Planners LLC now owns 17,427 shares of the financial services provider’s stock worth $788,000 after buying an additional 225 shares in the last quarter. Huntington National Bank raised its position in shares of HSBC by 11.9% in the 3rd quarter. Huntington National Bank now owns 2,122 shares of the financial services provider’s stock worth $96,000 after acquiring an additional 226 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of 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 valued at $990,000 after purchasing an additional 235 shares in the last quarter. Abel Hall LLC grew its stake 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. Finally, Integrated Wealth Concepts LLC raised 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 worth $641,000 after purchasing an additional 265 shares in 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.

HSBC Stock Down 2.1 %

Shares of NYSE:HSBC opened at $51.31 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. The stock has a fifty day simple moving average of $49.18 and a two-hundred day simple moving average of $45.93. HSBC Holdings plc has a 12-month low of $36.93 and a 12-month high of $52.99. The stock has a market capitalization of $183.76 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 1.39 and a beta of 0.54.

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.