HSBC Holdings plc (NYSE:HSBC) Stock Position Raised by Drive Wealth Management LLC

Drive Wealth Management LLC grew its position in HSBC Holdings plc (NYSE:HSBC) by 3.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,036 shares of the financial services provider’s stock after purchasing an additional 265 shares during the period. Drive Wealth Management LLC’s holdings in HSBC were worth $348,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Ignite Planners LLC grew its position in HSBC by 1.3% in the 3rd quarter. Ignite Planners LLC now owns 17,427 shares of the financial services provider’s stock worth $788,000 after purchasing an additional 225 shares during the last quarter. Huntington National Bank increased its stake in shares of HSBC by 11.9% during the third quarter. Huntington National Bank now owns 2,122 shares of the financial services provider’s stock valued at $96,000 after acquiring an additional 226 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake 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 acquiring an additional 235 shares during the period. Abel Hall LLC increased its stake in shares of HSBC by 4.3% during the third quarter. Abel Hall LLC now owns 6,221 shares of the financial services provider’s stock valued at $281,000 after acquiring an additional 257 shares during the period. Finally, Integrated Wealth Concepts LLC increased its stake in shares of HSBC by 1.9% during the third quarter. Integrated Wealth Concepts LLC now owns 14,185 shares of the financial services provider’s stock valued at $641,000 after acquiring an additional 265 shares during the period. Institutional investors own 1.48% of the company’s stock.

HSBC Price Performance

NYSE HSBC opened at $52.11 on Tuesday. HSBC Holdings plc has a 12 month low of $36.93 and a 12 month high of $52.14. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $186.64 billion, a PE ratio of 8.61, a P/E/G ratio of 1.35 and a beta of 0.54. The company’s 50 day simple moving average is $48.57 and its 200 day simple moving average is $45.62.

HSBC (NYSE:HSBC) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $1.70 EPS for the quarter. HSBC had a net margin of 15.70% and a return on equity of 10.71%. The business had revenue of $36.62 billion for the quarter. During the same quarter in the prior year, the business earned $1.45 EPS. As a group, equities research analysts forecast that HSBC Holdings plc will post 6.67 EPS for the current fiscal year.

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.