Werba Rubin Papier Wealth Management Purchases 693 Shares of HSBC Holdings plc (NYSE:HSBC)

Werba Rubin Papier Wealth Management grew its position in HSBC Holdings plc (NYSE:HSBC) by 12.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,333 shares of the financial services provider’s stock after acquiring an additional 693 shares during the period. Werba Rubin Papier Wealth Management’s holdings in HSBC were worth $313,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the stock. Bank of Montreal Can boosted its stake in HSBC by 124.3% during the 3rd quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider’s stock valued at $7,820,000 after purchasing an additional 94,991 shares during the last quarter. Wealthstar Advisors LLC bought a new position in shares of HSBC during the 4th quarter worth approximately $664,000. Entropy Technologies LP bought a new position in shares of HSBC during the 4th quarter worth approximately $701,000. Ritholtz Wealth Management lifted its position in shares of HSBC by 12.3% during the 4th quarter. Ritholtz Wealth Management now owns 141,108 shares of the financial services provider’s stock worth $6,979,000 after buying an additional 15,510 shares in the last quarter. Finally, Perigon Wealth Management LLC bought a new stake in shares of HSBC in the 4th quarter worth approximately $244,000. 1.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

HSBC Stock Performance

HSBC stock opened at $56.86 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $203.64 billion, a PE ratio of 9.40, a P/E/G ratio of 1.46 and a beta of 0.54. The firm has a fifty day simple moving average of $50.79 and a two-hundred day simple moving average of $46.84. HSBC Holdings plc has a twelve month low of $36.93 and a twelve month high of $57.08.

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.