Tweedy Browne Co. LLC decreased its position in HSBC Holdings plc (NYSE:HSBC) by 15.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 142,903 shares of the financial services provider’s stock after selling 26,490 shares during the quarter. Tweedy Browne Co. LLC’s holdings in HSBC were worth $7,380,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Harding Loevner LP boosted its position in HSBC by 4,384.0% during the third quarter. Harding Loevner LP now owns 98,112,785 shares of the financial services provider’s stock worth $17,392,000 after purchasing an additional 95,924,743 shares during the period. Fisher Asset Management LLC boosted its position in shares of HSBC by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 14,236,686 shares of the financial services provider’s stock valued at $735,182,000 after acquiring an additional 411,768 shares during the period. Cambiar Investors LLC boosted its position in shares of HSBC by 0.7% in the fourth quarter. Cambiar Investors LLC now owns 4,552,865 shares of the financial services provider’s stock valued at $235,110,000 after acquiring an additional 32,692 shares during the period. Parametric Portfolio Associates LLC boosted its position in shares of HSBC by 12.7% in the third quarter. Parametric Portfolio Associates LLC now owns 2,338,801 shares of the financial services provider’s stock valued at $115,560,000 after acquiring an additional 263,130 shares during the period. Finally, Miller Howard Investments Inc. NY acquired a new position in shares of HSBC in the fourth quarter valued at $74,026,000. 2.41% of the stock is owned by institutional investors and hedge funds.
HSBC has been the subject of a number of recent research reports. JPMorgan Chase restated a “neutral” rating on shares of HSBC in a research note on Thursday, February 15th. Societe Generale lowered HSBC from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. UBS restated a “neutral” rating on shares of HSBC in a research note on Monday, December 11th. Santander upgraded HSBC from a “sell” rating to a “hold” rating in a research note on Tuesday, February 6th. Finally, ValuEngine cut HSBC from a “strong-buy” rating to a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. HSBC presently has an average rating of “Hold” and a consensus target price of $31.50.
HSBC stock traded down $0.57 during midday trading on Friday, reaching $47.17. The stock had a trading volume of 1,887,507 shares, compared to its average volume of 1,812,871. HSBC Holdings plc has a 1-year low of $39.63 and a 1-year high of $55.89. The firm has a market cap of $191,065.89, a PE ratio of 45.36, a P/E/G ratio of 2.13 and a beta of 0.96. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.93 and a current ratio of 0.93.
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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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