Soltis Investment Advisors LLC Purchases 518 Shares of HSBC Holdings plc (NYSE:HSBC)

Soltis Investment Advisors LLC raised its position in HSBC Holdings plc (NYSE:HSBC) by 3.7% during the fourth quarter, Holdings Channel reports. The fund owned 14,700 shares of the financial services provider’s stock after acquiring an additional 518 shares during the period. Soltis Investment Advisors LLC’s holdings in HSBC were worth $727,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of HSBC. Mediolanum International Funds Ltd bought a new position in HSBC in the third quarter valued at about $139,895,000. FMR LLC raised its stake in shares of HSBC by 44.3% in the third quarter. FMR LLC now owns 2,442,205 shares of the financial services provider’s stock worth $110,363,000 after buying an additional 749,759 shares during the period. Janney Capital Management LLC bought a new position in shares of HSBC in the fourth quarter worth about $9,306,000. International Assets Investment Management LLC bought a new position in shares of HSBC in the third quarter worth about $54,770,000. Finally, Bank of Montreal Can raised its stake in shares of HSBC by 124.3% in the third quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider’s stock worth $7,820,000 after buying an additional 94,991 shares during the period. Institutional investors own 1.48% of the company’s stock.

HSBC Stock Up 1.5 %

NYSE HSBC opened at $53.87 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.52. HSBC Holdings plc has a 52 week low of $36.93 and a 52 week high of $54.23. The stock’s 50-day moving average price is $49.74 and its 200-day moving average price is $46.25. The company has a market capitalization of $192.95 billion, a P/E ratio of 8.90, a price-to-earnings-growth ratio of 1.41 and a beta of 0.54.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft downgraded 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.