Optas LLC Buys 297 Shares of HSBC Holdings plc (NYSE:HSBC)

Optas LLC grew its position in HSBC Holdings plc (NYSE:HSBC) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,614 shares of the financial services provider’s stock after purchasing an additional 297 shares during the quarter. Optas LLC’s holdings in HSBC were worth $476,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Mediolanum International Funds Ltd acquired a new stake in shares of HSBC during the third quarter worth $139,895,000. FMR LLC boosted its holdings in HSBC by 44.3% in the 3rd quarter. FMR LLC now owns 2,442,205 shares of the financial services provider’s stock valued at $110,363,000 after purchasing an additional 749,759 shares during the period. Janney Capital Management LLC acquired a new position in shares of HSBC during the 4th quarter worth approximately $9,306,000. International Assets Investment Management LLC bought a new position in shares of HSBC during the third quarter worth approximately $54,770,000. Finally, Bank of Montreal Can boosted its stake in shares of HSBC by 124.3% in the third quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider’s stock valued at $7,820,000 after buying an additional 94,991 shares during the period. 1.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft lowered HSBC from a “buy” rating to a “hold” rating in a research note on Monday.

HSBC Stock Down 2.1 %

Shares of HSBC opened at $51.31 on Tuesday. The firm has a 50 day simple moving average of $49.18 and a two-hundred day simple moving average of $45.93. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.96. HSBC Holdings plc has a one year low of $36.93 and a one year high of $52.99. The company has a market cap of $183.76 billion, a P/E ratio of 8.48, a P/E/G 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.