HSBC (NYSE:HSBC) Cut to Hold at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft cut shares of HSBC (NYSE:HSBC) from a buy rating to a hold rating in a research report released on Monday morning, MarketBeat.com reports.

HSBC Price Performance

Shares of HSBC stock opened at $52.21 on Monday. The business’s fifty day moving average price is $49.38 and its 200 day moving average price is $46.05. HSBC has a twelve month low of $36.93 and a twelve month high of $52.99. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $186.99 billion, a P/E ratio of 8.63, a PEG ratio of 1.39 and a beta of 0.54.

Hedge Funds Weigh In On HSBC

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Berbice Capital Management LLC bought a new stake in shares of HSBC in the 4th quarter valued at approximately $25,000. Venturi Wealth Management LLC grew its position in shares of HSBC by 58.2% during the fourth quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 210 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of HSBC in the 4th quarter worth about $30,000. Larson Financial Group LLC lifted its position in HSBC by 138.5% in the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 450 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in HSBC in the 4th quarter worth about $49,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

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.