Marks Group Wealth Management Inc Purchases Shares of 8,738 HSBC Holdings plc $HSBC

Marks Group Wealth Management Inc acquired a new position in HSBC Holdings plc (NYSE:HSBC) in the third quarter, Holdings Channel reports. The institutional investor acquired 8,738 shares of the financial services provider’s stock, valued at approximately $620,000.

Several other large investors have also recently modified their holdings of the stock. Mather Group LLC. purchased a new stake in shares of HSBC during the third quarter valued at $25,000. NewSquare Capital LLC increased its position in HSBC by 152.6% during the 2nd quarter. NewSquare Capital LLC now owns 432 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 261 shares during the period. Retirement Wealth Solutions LLC bought a new position in HSBC in the third quarter worth approximately $32,000. Root Financial Partners LLC bought a new position in shares of HSBC in the 3rd quarter worth $43,000. Finally, True Wealth Design LLC purchased a new stake in shares of HSBC during the third quarter valued at about $55,000. Institutional investors own 1.48% of the company’s stock.

HSBC News Roundup

Here are the key news stories impacting HSBC this week:

• Positive Sentiment: HSBC provided a $125 million loan to an Indian infrastructure lender, showing continued loan origination and fee/interest income opportunities in emerging markets. Indian infrastructure lender secures $125 million loan from HSBC
• Positive Sentiment: Analysts give HSBC an average recommendation of “Moderate Buy,” backing investor confidence and supporting demand for the stock. HSBC Given Average Recommendation of Moderate Buy
• Positive Sentiment: MarketWatch’s earnings preview expects HSBC’s fourth-quarter net profit likely rose sharply, which could support the share price if confirmed in results. HSBC’s Fourth-Quarter Net Profit Likely Rose Sharply — Earnings Preview
• Positive Sentiment: Zacks recommends foreign bank stocks including HSBC as beneficiaries of restructuring and lower interest-rate risk, a thematic positive for investor demand. 3 Foreign Bank Stocks to Invest in From the Booming Industry
• Positive Sentiment: HSBC Research’s telecom picks (2 buys, 1 sell) suggest the bank’s advisory/research franchise is active and can drive trading and client flows. HSBC Telecom Picks: 2 buys, 1 sell; upside seen up to 25%
• Neutral Sentiment: Zacks’ Q4 preview flags likely higher revenues and earnings from IB and trading, but notes rising expenses could offset some gains — a mixed signal ahead of results. HSBC’s Q4 Earnings on Deck: What’s in Store for the Stock?
• Neutral Sentiment: HSBC is listed among Hang Seng stocks to watch this week, which increases attention but does not by itself change fundamentals. Top Hang Seng Index stocks to watch this week: Alibaba, Baidu, Trip, HSBC
• Neutral Sentiment: A social-media claim links HSBC to a SWIFT–Ripple payments tie-up; the report is unverified and should be treated cautiously by investors until confirmed. XRP Vs. SWIFT On Payments: Is Ripple Already Working With The Payment Giant?
• Negative Sentiment: Headline risk: reports say HSBC could seize BrewDog brewery assets if a buyer isn’t found, highlighting enforcement action that can draw negative publicity and legal/credit-risk attention. Brewdog: HSBC could seize brewery if no buyer found

HSBC Stock Performance

NYSE HSBC opened at $87.33 on Tuesday. HSBC Holdings plc has a 1-year low of $45.66 and a 1-year high of $90.81. The stock has a 50-day moving average of $83.47 and a two-hundred day moving average of $73.93. The company has a market cap of $299.97 billion, a P/E ratio of 18.38, a P/E/G ratio of 0.94 and a beta of 0.52. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.92 and a quick ratio of 0.92.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on HSBC shares. Citigroup reiterated a “buy” rating on shares of HSBC in a research note on Friday, January 9th. Erste Group Bank upgraded shares of HSBC from a “hold” rating to a “buy” rating in a research report on Thursday, November 20th. Bank of America upgraded HSBC from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 10th. Morgan Stanley assumed coverage on HSBC in a research report on Wednesday, January 14th. They set an “equal weight” rating on the stock. Finally, Zacks Research raised shares of HSBC from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.00.

HSBC Profile

HSBC Holdings plc (NYSE: HSBC) is a multinational banking and financial services organization headquartered in London. It traces its origins to the Hongkong and Shanghai Banking Corporation, founded in 1865 to facilitate trade between Europe and Asia, and has since grown into one of the world’s largest banking groups. The company is publicly listed in multiple markets, including the London Stock Exchange, the Hong Kong Stock Exchange and as an American depositary receipt on the New York Stock Exchange.

HSBC operates a universal banking model, serving retail, commercial, corporate and institutional clients.