HSBC (HSBC) Position Lifted by CIBC World Markets Inc.

CIBC World Markets Inc. increased its holdings in shares of HSBC (NYSE:HSBC) by 132.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 137,797 shares of the financial services provider’s stock after acquiring an additional 78,399 shares during the quarter. CIBC World Markets Inc.’s holdings in HSBC were worth $6,569,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Fisher Asset Management LLC increased its holdings in shares of HSBC by 3.4% during the 1st quarter. Fisher Asset Management LLC now owns 14,715,828 shares of the financial services provider’s stock worth $701,504,000 after acquiring an additional 479,142 shares during the last quarter. Matthews International Capital Management LLC boosted its stake in HSBC by 20.2% in the 1st quarter. Matthews International Capital Management LLC now owns 2,312,937 shares of the financial services provider’s stock valued at $110,258,000 after purchasing an additional 388,400 shares during the period. Envestnet Asset Management Inc. boosted its stake in HSBC by 0.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 453,354 shares of the financial services provider’s stock valued at $23,412,000 after purchasing an additional 2,436 shares during the period. Renaissance Technologies LLC boosted its stake in HSBC by 279.9% in the 4th quarter. Renaissance Technologies LLC now owns 421,400 shares of the financial services provider’s stock valued at $21,761,000 after purchasing an additional 310,464 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its stake in HSBC by 0.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 357,016 shares of the financial services provider’s stock valued at $17,020,000 after purchasing an additional 3,167 shares during the period. 2.61% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently issued reports on the company. Zacks Investment Research downgraded HSBC from a “hold” rating to a “sell” rating in a research note on Wednesday, April 25th. ValuEngine downgraded HSBC from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Credit Suisse Group upgraded HSBC from an “underperform” rating to a “neutral” rating in a research note on Thursday, April 19th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of HSBC in a research note on Monday, March 19th. Thirteen research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $31.50.

NYSE:HSBC opened at $47.42 on Friday. The firm has a market cap of $192.84 billion, a PE ratio of 24.17, a P/E/G ratio of 2.21 and a beta of 0.94. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.35. HSBC has a fifty-two week low of $43.24 and a fifty-two week high of $55.89.

HSBC (NYSE:HSBC) last released its earnings results on Friday, May 4th. The financial services provider reported $0.75 earnings per share for the quarter. The company had revenue of $13.71 billion for the quarter. research analysts expect that HSBC will post 3.63 earnings per share for the current year.

HSBC Company Profile

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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Institutional Ownership by Quarter for HSBC (NYSE:HSBC)

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