Abel Hall LLC Purchases 3,279 Shares of HSBC Holdings plc (NYSE:HSBC)

Abel Hall LLC increased its position in HSBC Holdings plc (NYSE:HSBC) by 52.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,500 shares of the financial services provider’s stock after acquiring an additional 3,279 shares during the period. Abel Hall LLC’s holdings in HSBC were worth $470,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Berbice Capital Management LLC bought a new stake in shares of HSBC during the 4th quarter valued at about $25,000. Larson Financial Group LLC grew its position in HSBC by 138.5% during the third quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock valued at $35,000 after buying an additional 450 shares during the period. Brooklyn Investment Group purchased a new stake in HSBC during the fourth quarter valued at approximately $49,000. Allworth Financial LP boosted its stake in shares of HSBC by 40.9% during the 3rd quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 397 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in shares of HSBC by 116.2% during the 4th quarter. Versant Capital Management Inc now owns 1,498 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 805 shares during the period. Hedge funds and other institutional investors own 1.48% of the company’s stock.

HSBC Price Performance

NYSE HSBC opened at $52.21 on Thursday. 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 business’s fifty day moving average is $48.80 and its 200 day moving average is $45.74. The company has a market capitalization of $186.99 billion, a PE ratio of 8.63, a price-to-earnings-growth ratio of 1.35 and a beta of 0.54. HSBC Holdings plc has a fifty-two week low of $36.93 and a fifty-two week high of $52.44.

HSBC (NYSE:HSBC) last released its earnings results on Tuesday, October 29th. The financial services provider reported $1.70 EPS for the quarter. The company had revenue of $36.62 billion for the quarter. HSBC had a net margin of 15.70% and a return on equity of 10.71%. During the same quarter in the previous year, the business posted $1.45 EPS. Sell-side analysts predict that HSBC Holdings plc will post 6.67 earnings per share for the current year.

About HSBC

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.