ABC Arbitrage SA Makes New $203,000 Investment in HSBC Holdings plc (NYSE:HSBC)

ABC Arbitrage SA acquired a new position in shares of HSBC Holdings plc (NYSE:HSBC) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 4,110 shares of the financial services provider’s stock, valued at approximately $203,000.

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

HSBC Trading Down 0.2 %

NYSE HSBC opened at $55.08 on Friday. 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 Holdings plc has a twelve month low of $36.93 and a twelve month high of $55.36. The company has a market cap of $197.26 billion, a price-to-earnings ratio of 9.10, a price-to-earnings-growth ratio of 1.41 and a beta of 0.54. The business’s fifty day moving average is $50.47 and its 200 day moving average is $46.61.

Analysts Set New Price Targets

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

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.