HSBC Holdings plc (NYSE:HSBC) Shares Purchased by Werba Rubin Papier Wealth Management

Werba Rubin Papier Wealth Management grew its position in HSBC Holdings plc (NYSE:HSBC) by 12.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,333 shares of the financial services provider’s stock after purchasing an additional 693 shares during the period. Werba Rubin Papier Wealth Management’s holdings in HSBC were worth $313,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Venturi Wealth Management LLC boosted its stake in shares of HSBC by 58.2% during the 4th quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 210 shares in the last quarter. Huntington National Bank boosted its stake in shares of HSBC by 11.9% during the 3rd quarter. Huntington National Bank now owns 2,122 shares of the financial services provider’s stock worth $96,000 after acquiring an additional 226 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in HSBC by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 21,909 shares of the financial services provider’s stock valued at $990,000 after purchasing an additional 235 shares during the period. Abel Hall LLC boosted its stake in HSBC by 4.3% during the 3rd quarter. Abel Hall LLC now owns 6,221 shares of the financial services provider’s stock valued at $281,000 after purchasing an additional 257 shares during the period. Finally, Integrated Wealth Concepts LLC raised its holdings in HSBC by 1.9% in the 3rd 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 in the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Stock Performance

HSBC opened at $56.86 on Wednesday. HSBC Holdings plc has a 52-week low of $36.93 and a 52-week high of $57.08. The firm has a market capitalization of $203.64 billion, a PE ratio of 9.40, a PEG ratio of 1.46 and a beta of 0.54. 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 50-day simple moving average is $50.79 and its 200 day simple moving average is $46.84.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft cut 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.