Caas Capital Management LP Boosts Stock Position in HSBC Holdings plc (NYSE:HSBC)

Caas Capital Management LP boosted its holdings in HSBC Holdings plc (NYSE:HSBC) by 39.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 69,037 shares of the financial services provider’s stock after acquiring an additional 19,441 shares during the period. HSBC accounts for 0.6% of Caas Capital Management LP’s holdings, making the stock its 8th biggest position. Caas Capital Management LP’s holdings in HSBC were worth $3,415,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Berbice Capital Management LLC bought a new position in HSBC during the 4th quarter worth $25,000. Larson Financial Group LLC increased its position in HSBC by 138.5% during the 3rd 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 period. Brooklyn Investment Group bought a new position in HSBC during the 4th quarter worth $49,000. Allworth Financial LP increased its position in 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 buying an additional 397 shares during the period. Finally, Versant Capital Management Inc increased its position in HSBC by 116.2% during the 4th 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 period. Institutional investors own 1.48% of the company’s stock.

HSBC Stock Performance

Shares of HSBC stock opened at $51.31 on Tuesday. The business’s 50-day moving average price is $49.18 and its 200-day moving average price is $45.93. HSBC Holdings plc has a 12 month low of $36.93 and a 12 month high of $52.99. The firm has a market capitalization of $183.76 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 1.39 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.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft cut HSBC from a “buy” rating to a “hold” rating in a research report on Monday.

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.