Certuity LLC Invests $235,000 in HSBC Holdings plc (NYSE:HSBC)

Certuity LLC purchased a new position in shares of HSBC Holdings plc (NYSE:HSBC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,753 shares of the financial services provider’s stock, valued at approximately $235,000.

A number of other hedge funds have also recently added to or reduced their stakes in HSBC. Bank of Montreal Can raised its stake in shares of HSBC by 124.3% during the 3rd quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider’s stock worth $7,820,000 after buying an additional 94,991 shares in the last quarter. Wealthstar Advisors LLC purchased a new position in HSBC in the fourth quarter worth $664,000. Entropy Technologies LP acquired a new stake in HSBC in the fourth quarter valued at $701,000. Ritholtz Wealth Management boosted its position in shares of HSBC by 12.3% during the 4th quarter. Ritholtz Wealth Management now owns 141,108 shares of the financial services provider’s stock worth $6,979,000 after purchasing an additional 15,510 shares in the last quarter. Finally, Perigon Wealth Management LLC purchased a new position in shares of HSBC in the 4th quarter valued at about $244,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Stock Performance

Shares of HSBC stock opened at $55.18 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market cap of $197.65 billion, a PE ratio of 9.12, a P/E/G ratio of 1.41 and a beta of 0.54. HSBC Holdings plc has a 1 year low of $36.93 and a 1 year high of $55.36. The stock has a fifty day moving average price of $50.18 and a 200 day moving average price of $46.47.

Wall Street Analyst Weigh In

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

HSBC 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.