Cambiar Investors LLC Boosts Stake in HSBC Holdings plc (HSBC)
Cambiar Investors LLC increased its stake in HSBC Holdings plc (NASDAQ:HSBC) by 21.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,469,975 shares of the company’s stock after buying an additional 437,330 shares during the period. HSBC Holdings plc makes up 1.4% of Cambiar Investors LLC’s holdings, making the stock its 28th largest position. Cambiar Investors LLC owned approximately 0.06% of HSBC Holdings plc worth $97,490,000 as of its most recent SEC filing.
Shares of HSBC Holdings plc (NASDAQ:HSBC) opened at 34.95 on Tuesday. The company has a market capitalization of $146.20 billion and a PE ratio of 9.32. HSBC Holdings plc has a 52 week low of $32.70 and a 52 week high of $50.26. The stock has a 50 day moving average price of $37.07 and a 200-day moving average price of $39.74.
A number of research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of HSBC Holdings plc from a “hold” rating to a “sell” rating in a research report on Tuesday, January 26th. Macquarie downgraded shares of HSBC Holdings plc from an “outperform” rating to a “neutral” rating in a research report on Wednesday, January 13th. JPMorgan Chase & Co. downgraded shares of HSBC Holdings plc from a “neutral” rating to an “underweight” rating in a research report on Wednesday, January 6th. RBC Capital restated a “sector perform” rating on shares of HSBC Holdings plc in a research report on Monday, November 9th. Finally, Beaufort Securities restated a “buy” rating on shares of HSBC Holdings plc in a research report on Wednesday, November 4th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. HSBC Holdings plc currently has an average rating of “Hold”.
HSBC Holdings plc (NASDAQ:HSBC) is the banking and financial services company. The Company’s principal activities include making payments, holding savings, enabling trade, providing finance and managing risks. The Company operates in four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). RBWM offers personal banking products and wealth management services. CMB offers a range of commercial financial services and solutions to customers ranging from small and medium-sized enterprises to publicly quoted companies. GB&M provides financial solutions to Government, corporate and institutional clients across the world. GPB offers products and services, which include private banking, investment management and private wealth solutions. It operates in Europe, Asia, Middle East and North Africa, North America and Latin America.
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