Bogart Wealth LLC Sells 2,532 Shares of HSBC Holdings plc (HSBC)

Bogart Wealth LLC reduced its stake in HSBC Holdings plc (NYSE:HSBC) by 6.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,916 shares of the financial services provider’s stock after selling 2,532 shares during the period. HSBC accounts for approximately 1.2% of Bogart Wealth LLC’s holdings, making the stock its 14th largest holding. Bogart Wealth LLC’s holdings in HSBC were worth $1,855,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of HSBC. Pacer Advisors Inc. bought a new position in shares of HSBC in the 2nd quarter worth $210,000. Cambridge Investment Research Advisors Inc. lifted its holdings in HSBC by 5.6% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 5,489 shares of the financial services provider’s stock worth $255,000 after acquiring an additional 291 shares in the last quarter. Stephens Inc. AR lifted its holdings in HSBC by 2.7% during the second quarter. Stephens Inc. AR now owns 28,188 shares of the financial services provider’s stock worth $1,308,000 after acquiring an additional 739 shares in the last quarter. Raymond James Trust N.A. lifted its holdings in HSBC by 4.6% during the second quarter. Raymond James Trust N.A. now owns 9,388 shares of the financial services provider’s stock worth $435,000 after acquiring an additional 412 shares in the last quarter. Finally, Strategic Advisors LLC lifted its holdings in HSBC by 2.2% during the second quarter. Strategic Advisors LLC now owns 120,435 shares of the financial services provider’s stock worth $4,598,000 after acquiring an additional 2,603 shares in the last quarter. Institutional investors and hedge funds own 2.24% of the company’s stock.

Several analysts have issued reports on the company. Macquarie assumed coverage on HSBC in a research note on Wednesday, November 29th. They issued an “outperform” rating on the stock. UBS Group reissued a “neutral” rating on shares of HSBC in a research note on Wednesday, November 29th. Credit Suisse Group downgraded HSBC from a “neutral” rating to an “underperform” rating in a research note on Tuesday, October 10th. Zacks Investment Research downgraded HSBC from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 9th. Finally, Goldman Sachs Group reissued a “neutral” rating on shares of HSBC in a research note on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $31.50.

HSBC Holdings plc (HSBC) opened at $53.92 on Thursday. The firm has a market capitalization of $214,910.00, a P/E ratio of 39.36, a price-to-earnings-growth ratio of 2.51 and a beta of 0.93. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.30. HSBC Holdings plc has a 12-month low of $39.63 and a 12-month high of $54.18.

ILLEGAL ACTIVITY NOTICE: “Bogart Wealth LLC Sells 2,532 Shares of HSBC Holdings plc (HSBC)” was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US & international copyright legislation. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/01/11/bogart-wealth-llc-sells-2532-shares-of-hsbc-holdings-plc-hsbc.html.

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)

Receive News & Ratings for HSBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply