4,864 Shares in HSBC Holdings plc (NYSE:HSBC) Acquired by New Republic Capital LLC

New Republic Capital LLC purchased a new stake in shares of HSBC Holdings plc (NYSE:HSBC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,864 shares of the financial services provider’s stock, valued at approximately $241,000.

Several other institutional investors also recently bought and sold shares of the business. Berbice Capital Management LLC acquired a new position in shares of HSBC during the 4th quarter valued at $25,000. Larson Financial Group LLC boosted its position in shares of HSBC by 138.5% in 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 period. Brooklyn Investment Group acquired a new stake in shares of HSBC in the fourth quarter valued at about $49,000. Allworth Financial LP raised its holdings in shares of HSBC by 40.9% during the 3rd quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider’s stock valued at $62,000 after buying an additional 397 shares during the period. Finally, Versant Capital Management Inc lifted 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 acquiring an additional 805 shares in the last quarter. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

HSBC Stock Performance

NYSE:HSBC opened at $53.87 on Tuesday. HSBC Holdings plc has a 1-year low of $36.93 and a 1-year high of $54.23. The stock has a market cap of $192.95 billion, a P/E ratio of 8.90, a PEG ratio of 1.41 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. The firm has a 50-day moving average of $49.74 and a two-hundred day moving average of $46.25.

Wall Street Analyst Weigh In

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

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.