HSBC (NYSE:HSBC) Downgraded to Hold Rating by Deutsche Bank Aktiengesellschaft

HSBC (NYSE:HSBC) was downgraded by investment analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report issued on Monday, Marketbeat.com reports.

HSBC Trading Down 0.3 %

HSBC opened at $52.50 on Monday. The firm has a market capitalization of $188.02 billion, a price-to-earnings ratio of 8.68, a PEG ratio of 1.39 and a beta of 0.54. HSBC has a one year low of $36.93 and a one year high of $53.00. The business has a 50 day simple moving average of $49.18 and a two-hundred day simple moving average of $45.93. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.96.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Sunpointe LLC bought a new stake in HSBC during the 4th quarter valued at approximately $211,000. Ieq Capital LLC boosted its holdings in HSBC by 8.6% in the fourth quarter. Ieq Capital LLC now owns 16,126 shares of the financial services provider’s stock worth $798,000 after purchasing an additional 1,278 shares during the last quarter. Private Advisor Group LLC increased its position in HSBC by 4.5% during the fourth quarter. Private Advisor Group LLC now owns 27,920 shares of the financial services provider’s stock valued at $1,381,000 after acquiring an additional 1,205 shares during the last quarter. Werba Rubin Papier Wealth Management grew its position in shares of HSBC by 12.3% during the 4th quarter. Werba Rubin Papier Wealth Management now owns 6,333 shares of the financial services provider’s stock valued at $313,000 after acquiring an additional 693 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in shares of HSBC by 58.2% in the fourth quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock worth $28,000 after buying an additional 210 shares during the period. 1.48% of the stock is currently owned by institutional investors.

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.