Creative Planning Has $958,000 Stake in HSBC Holdings plc (HSBC)

Creative Planning lifted its position in HSBC Holdings plc (NYSE:HSBC) by 9.6% in the third quarter, Holdings Channel reports. The institutional investor owned 21,787 shares of the financial services provider’s stock after purchasing an additional 1,911 shares during the period. Creative Planning’s holdings in HSBC were worth $958,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of HSBC. Fisher Asset Management LLC lifted its stake in shares of HSBC by 3.7% in the second quarter. Fisher Asset Management LLC now owns 15,263,372 shares of the financial services provider’s stock worth $719,515,000 after buying an additional 547,544 shares during the last quarter. Ferguson Wellman Capital Management Inc. acquired a new stake in shares of HSBC in the second quarter worth $8,939,000. Northern Trust Corp lifted its stake in shares of HSBC by 4.1% in the second quarter. Northern Trust Corp now owns 4,367,607 shares of the financial services provider’s stock worth $205,888,000 after buying an additional 173,934 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of HSBC by 626.6% in the second quarter. SG Americas Securities LLC now owns 112,605 shares of the financial services provider’s stock worth $5,308,000 after buying an additional 97,107 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in HSBC by 49.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 267,373 shares of the financial services provider’s stock valued at $12,603,000 after purchasing an additional 89,037 shares during the last quarter. Institutional investors and hedge funds own 2.55% of the company’s stock.

Several research firms recently commented on HSBC. Zacks Investment Research upgraded shares of HSBC from a “sell” rating to a “hold” rating in a research note on Monday, October 8th. Citigroup cut shares of HSBC from a “buy” rating to a “neutral” rating in a research note on Monday, October 22nd. Societe Generale cut shares of HSBC from a “buy” rating to a “hold” rating in a research note on Monday, September 10th. Credit Suisse Group upgraded shares of HSBC from an “underperform” rating to a “neutral” rating in a research note on Thursday, September 20th. Finally, DZ Bank reiterated a “sell” rating on shares of HSBC in a research note on Monday, August 6th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold”.

NYSE:HSBC opened at $41.96 on Friday. The firm has a market cap of $168.26 billion, a P/E ratio of 21.09, a P/E/G ratio of 1.91 and a beta of 0.78. HSBC Holdings plc has a one year low of $38.23 and a one year high of $55.89. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.42.

HSBC (NYSE:HSBC) last released its earnings results on Monday, October 29th. The financial services provider reported $0.95 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.95. The company had revenue of $13.84 billion for the quarter. As a group, analysts forecast that HSBC Holdings plc will post 3.67 earnings per share for the current fiscal year.

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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