Ballentine Partners LLC cut its holdings in HSBC Holdings plc (NYSE:HSBC) by 29.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,820 shares of the financial services provider’s stock after selling 2,824 shares during the quarter. Ballentine Partners LLC’s holdings in HSBC were worth $300,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of HSBC. Oppenheimer & Co. Inc. boosted its holdings in shares of HSBC by 22.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 24,843 shares of the financial services provider’s stock worth $1,092,000 after buying an additional 4,555 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in HSBC by 1.5% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 364,137 shares of the financial services provider’s stock valued at $16,018,000 after purchasing an additional 5,364 shares during the period. Ferguson Wellman Capital Management Inc. boosted its holdings in HSBC by 2.8% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 195,000 shares of the financial services provider’s stock valued at $8,578,000 after purchasing an additional 5,366 shares during the period. Creative Planning boosted its holdings in HSBC by 9.6% in the 3rd quarter. Creative Planning now owns 21,787 shares of the financial services provider’s stock valued at $958,000 after purchasing an additional 1,911 shares during the period. Finally, Cambiar Investors LLC lifted its holdings in shares of HSBC by 0.6% during the 3rd quarter. Cambiar Investors LLC now owns 4,585,514 shares of the financial services provider’s stock worth $201,717,000 after acquiring an additional 25,713 shares during the period. Institutional investors and hedge funds own 2.54% of the company’s stock.
A number of equities analysts recently issued reports on HSBC shares. Zacks Investment Research upgraded shares of HSBC from a “sell” rating to a “hold” rating in a research report on Monday, August 20th. Royal Bank of Canada cut shares of HSBC from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, October 23rd. Keefe, Bruyette & Woods raised shares of HSBC from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 11th. DZ Bank reaffirmed a “sell” rating on shares of HSBC in a research note on Monday, August 6th. Finally, Credit Suisse Group raised shares of HSBC from an “underperform” rating to a “neutral” rating in a research note on Thursday, September 20th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold”.
NYSE HSBC traded up $0.82 on Thursday, hitting $41.87. 1,519,004 shares of the company were exchanged, compared to its average volume of 2,470,559. The firm has a market cap of $163.61 billion, a PE ratio of 20.63, a P/E/G ratio of 1.20 and a beta of 0.78. HSBC Holdings plc has a 12 month low of $38.23 and a 12 month high of $55.89. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.42.
HSBC (NYSE:HSBC) last issued its earnings results on Monday, October 29th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.95. The company had revenue of $13.84 billion for the quarter. On average, equities analysts predict that HSBC Holdings plc will post 3.66 earnings per share for the current year.
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HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.
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