BKM Wealth Management LLC Has $675,000 Stock Position in HSBC Holdings plc (NYSE:HSBC)

BKM Wealth Management LLC reduced its position in HSBC Holdings plc (NYSE:HSBC) by 1.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,637 shares of the financial services provider’s stock after selling 236 shares during the period. BKM Wealth Management LLC’s holdings in HSBC were worth $675,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Berbice Capital Management LLC acquired a new stake in shares of HSBC during the fourth quarter worth $25,000. Venturi Wealth Management LLC grew its stake in shares of HSBC by 58.2% during the fourth quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 210 shares during the period. Larson Financial Group LLC grew its stake in shares of 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 purchasing an additional 450 shares during the period. Brooklyn Investment Group acquired a new stake in shares of HSBC during the fourth quarter worth $49,000. Finally, Allworth Financial LP grew its stake in shares of 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 purchasing an additional 397 shares during the period. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Stock Performance

HSBC stock opened at $55.08 on Tuesday. The business’s 50-day moving average price is $50.47 and its two-hundred day moving average price is $46.65. 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 firm has a market cap of $197.26 billion, a PE ratio of 9.10, a P/E/G ratio of 1.41 and a beta of 0.54. HSBC Holdings plc has a 1-year low of $36.93 and a 1-year high of $55.36.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft cut HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd.

About HSBC

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.