Blue Trust Inc. Buys 11,421 Shares of HSBC Holdings plc (NYSE:HSBC)

Blue Trust Inc. boosted its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 62.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 29,839 shares of the financial services provider’s stock after acquiring an additional 11,421 shares during the period. Blue Trust Inc.’s holdings in HSBC were worth $1,348,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Berbice Capital Management LLC acquired a new position in HSBC during the fourth quarter worth $25,000. Larson Financial Group LLC raised its holdings in HSBC by 138.5% during the third quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock worth $35,000 after buying an additional 450 shares during the last quarter. Brooklyn Investment Group acquired a new position in HSBC during the fourth quarter worth $49,000. Allworth Financial LP raised its holdings in HSBC by 40.9% during the third quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider’s stock worth $62,000 after buying an additional 397 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings 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 worth $74,000 after buying an additional 805 shares during the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Stock Performance

Shares of HSBC stock opened at $51.96 on Wednesday. The firm has a 50-day moving average of $48.68 and a 200-day moving average of $45.68. The company has a market cap of $186.09 billion, a P/E ratio of 8.59, a P/E/G ratio of 1.35 and a beta of 0.54. 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 $52.14.

HSBC (NYSE:HSBC) last announced 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 during the quarter. HSBC had a net margin of 15.70% and a return on equity of 10.71%. During the same quarter in the prior year, the company earned $1.45 EPS. 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.