HSBC Holdings PLC (HSBC) Holdings Cut by Janney Capital Management LLC

Janney Capital Management LLC cut its holdings in HSBC Holdings PLC (NYSE:HSBC) by 1.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 337,628 shares of the financial services provider’s stock after selling 6,496 shares during the quarter. Janney Capital Management LLC’s holdings in HSBC were worth $16,682,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. CIBC Asset Management Inc increased its holdings in shares of HSBC by 1.2% during the second quarter. CIBC Asset Management Inc now owns 12,790 shares of the financial services provider’s stock valued at $593,000 after acquiring an additional 150 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of HSBC by 12.2% during the second quarter. Advisors Asset Management Inc. now owns 60,375 shares of the financial services provider’s stock valued at $2,801,000 after acquiring an additional 6,579 shares in the last quarter. Hutchinson Capital Management CA increased its holdings in shares of HSBC by 0.3% during the second quarter. Hutchinson Capital Management CA now owns 240,896 shares of the financial services provider’s stock valued at $11,175,000 after acquiring an additional 804 shares in the last quarter. Morningstar Investment Services LLC increased its holdings in shares of HSBC by 23.2% during the second quarter. Morningstar Investment Services LLC now owns 10,106 shares of the financial services provider’s stock valued at $469,000 after acquiring an additional 1,902 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of HSBC by 93.1% during the second quarter. SG Americas Securities LLC now owns 24,664 shares of the financial services provider’s stock valued at $1,144,000 after acquiring an additional 11,891 shares in the last quarter. 2.25% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on HSBC. UBS reiterated a “neutral” rating on shares of HSBC in a report on Wednesday, November 29th. Morgan Stanley reiterated a “buy” rating on shares of HSBC in a report on Wednesday, August 16th. Zacks Investment Research downgraded HSBC from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Goldman Sachs Group reiterated a “neutral” rating on shares of HSBC in a report on Tuesday, December 5th. Finally, Macquarie began coverage on HSBC in a report on Wednesday, November 29th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $31.50.

Shares of HSBC Holdings PLC (HSBC) traded up $0.55 during trading on Monday, reaching $49.37. The company had a trading volume of 1,249,300 shares, compared to its average volume of 1,626,025. HSBC Holdings PLC has a 1-year low of $39.58 and a 1-year high of $50.86. The company has a market capitalization of $197,426.48, a P/E ratio of 24.81, a P/E/G ratio of 2.57 and a beta of 0.93. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.94 and a quick ratio of 0.94.

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HSBC Profile

HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.

Institutional Ownership by Quarter for HSBC (NYSE:HSBC)

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