TD Waterhouse Canada Inc. Acquires 26,439 Shares of HSBC Holdings plc $HSBC

TD Waterhouse Canada Inc. lifted its holdings in HSBC Holdings plc (NYSE:HSBCFree Report) by 46.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,898 shares of the financial services provider’s stock after acquiring an additional 26,439 shares during the period. TD Waterhouse Canada Inc.’s holdings in HSBC were worth $5,915,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of HSBC. Mather Group LLC. bought a new stake in HSBC in the third quarter worth $25,000. NewSquare Capital LLC lifted its holdings in shares of HSBC by 152.6% in the 2nd quarter. NewSquare Capital LLC now owns 432 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 261 shares during the last quarter. Retirement Wealth Solutions LLC bought a new position in HSBC during the 3rd quarter valued at about $32,000. Ameritas Advisory Services LLC purchased a new stake in HSBC in the 2nd quarter worth about $39,000. Finally, Root Financial Partners LLC bought a new stake in HSBC in the third quarter worth about $43,000. 1.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HSBC has been the subject of a number of research analyst reports. Bank of America raised HSBC from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 10th. Zacks Research raised shares of HSBC from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Morgan Stanley began coverage on shares of HSBC in a research note on Wednesday, January 14th. They issued an “equal weight” rating on the stock. Keefe, Bruyette & Woods raised shares of HSBC from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, December 17th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of HSBC in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $63.00.

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HSBC Stock Performance

Shares of NYSE HSBC opened at $87.96 on Friday. The stock has a market cap of $302.15 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 1.02 and a beta of 0.52. HSBC Holdings plc has a 12 month low of $45.66 and a 12 month high of $89.00. The company has a 50 day simple moving average of $78.32 and a two-hundred day simple moving average of $71.01. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49.

HSBC (NYSE:HSBCGet Free Report) last posted its earnings results on Tuesday, October 28th. The financial services provider reported $1.80 EPS for the quarter, topping the consensus estimate of $1.65 by $0.15. HSBC had a return on equity of 12.78% and a net margin of 12.85%.The firm had revenue of $17.79 billion for the quarter, compared to analyst estimates of $16.78 billion. As a group, analysts predict that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Profile

(Free Report)

HSBC Holdings plc (NYSE: HSBC) is a multinational banking and financial services organization headquartered in London. It traces its origins to the Hongkong and Shanghai Banking Corporation, founded in 1865 to facilitate trade between Europe and Asia, and has since grown into one of the world’s largest banking groups. The company is publicly listed in multiple markets, including the London Stock Exchange, the Hong Kong Stock Exchange and as an American depositary receipt on the New York Stock Exchange.

HSBC operates a universal banking model, serving retail, commercial, corporate and institutional clients.

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Institutional Ownership by Quarter for HSBC (NYSE:HSBC)

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