HSBC Holdings plc (HSBC) Shares Bought by HPM Partners LLC

HPM Partners LLC raised its holdings in HSBC Holdings plc (NYSE:HSBC) by 45.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,217 shares of the financial services provider’s stock after purchasing an additional 7,241 shares during the quarter. HPM Partners LLC’s holdings in HSBC were worth $1,094,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of HSBC. Oppenheimer Asset Management Inc. boosted its holdings in HSBC by 0.9% in the first 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 last quarter. BTC Capital Management Inc. raised its position in shares of HSBC by 13.1% in the first quarter. BTC Capital Management Inc. now owns 12,963 shares of the financial services provider’s stock worth $620,000 after acquiring an additional 1,503 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of HSBC by 0.7% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 318,045 shares of the financial services provider’s stock worth $15,161,000 after acquiring an additional 2,060 shares during the period. Schnieders Capital Management LLC raised its position in shares of HSBC by 100.4% in the first quarter. Schnieders Capital Management LLC now owns 9,480 shares of the financial services provider’s stock worth $452,000 after acquiring an additional 4,750 shares during the period. Finally, Matthews International Capital Management LLC raised its position in shares of HSBC by 20.2% in the first quarter. Matthews International Capital Management LLC now owns 2,312,937 shares of the financial services provider’s stock worth $110,258,000 after acquiring an additional 388,400 shares during the period. 2.57% of the stock is currently owned by institutional investors.

HSBC opened at $43.55 on Monday. HSBC Holdings plc has a twelve month low of $42.46 and a twelve month high of $55.89. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.90 and a quick ratio of 0.96. The stock has a market cap of $172.15 billion, a P/E ratio of 21.57, a P/E/G ratio of 1.96 and a beta of 0.80.

HSBC (NYSE:HSBC) last released its quarterly earnings results on Monday, August 6th. The financial services provider reported $1.05 earnings per share for the quarter, hitting the consensus estimate of $1.05. The company had revenue of $13.58 billion for the quarter. sell-side analysts expect that HSBC Holdings plc will post 3.65 earnings per share for the current fiscal year.

A number of brokerages have weighed in on HSBC. Zacks Investment Research downgraded shares of HSBC from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. Keefe, Bruyette & Woods upgraded shares of HSBC from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 11th. Societe Generale downgraded shares of HSBC from a “buy” rating to a “hold” rating in a research report on Monday, September 10th. DZ Bank reiterated a “sell” rating on shares of HSBC in a research report on Monday, August 6th. Finally, JPMorgan Chase & Co. upgraded shares of HSBC from a “neutral” rating to an “overweight” rating in a research report on Tuesday, July 10th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. HSBC currently has a consensus rating of “Hold”.

About HSBC

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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