Entropy Technologies LP Purchases New Stake in HSBC Holdings plc (NYSE:HSBC)

Entropy Technologies LP bought a new position in HSBC Holdings plc (NYSE:HSBC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 14,163 shares of the financial services provider’s stock, valued at approximately $701,000.

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

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft lowered shares of HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd.

HSBC Trading Up 1.4 %

Shares of NYSE HSBC opened at $54.60 on Wednesday. HSBC Holdings plc has a 12-month low of $36.93 and a 12-month high of $54.80. The company has a market cap of $195.57 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 1.41 and a beta of 0.54. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. The stock’s 50 day simple moving average is $49.88 and its 200 day simple moving average is $46.33.

HSBC 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.