Boston Common Asset Management LLC boosted its position in HSBC Holdings plc (NYSE:HSBC) by 27.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 10,705 shares of the financial services provider’s stock after acquiring an additional 2,305 shares during the period. Boston Common Asset Management LLC’s holdings in HSBC were worth $471,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in HSBC. Fisher Asset Management LLC grew its stake in HSBC by 3.7% in the 2nd quarter. Fisher Asset Management LLC now owns 15,263,372 shares of the financial services provider’s stock worth $719,515,000 after acquiring an additional 547,544 shares during the period. Ferguson Wellman Capital Management Inc. purchased a new stake in shares of HSBC during the 2nd quarter valued at $8,939,000. Northern Trust Corp grew its stake in shares of HSBC by 4.1% during the 2nd quarter. Northern Trust Corp now owns 4,367,607 shares of the financial services provider’s stock valued at $205,888,000 after buying an additional 173,934 shares during the period. SG Americas Securities LLC grew its stake in shares of HSBC by 626.6% during the 2nd quarter. SG Americas Securities LLC now owns 112,605 shares of the financial services provider’s stock valued at $5,308,000 after buying an additional 97,107 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in shares of 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 buying an additional 89,037 shares during the period. 2.56% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE HSBC opened at $41.70 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.42. HSBC Holdings plc has a 52-week low of $38.23 and a 52-week high of $55.89.
HSBC (NYSE:HSBC) last posted its earnings results on Monday, October 29th. The financial services provider reported $0.95 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.95. The business had revenue of $13.84 billion for the quarter. As a group, equities research analysts expect that HSBC Holdings plc will post 3.67 EPS for the current fiscal year.
HSBC has been the subject of several research reports. Zacks Investment Research cut shares of HSBC from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd. JPMorgan Chase & Co. raised shares of HSBC from a “neutral” rating to an “overweight” rating in a research note on Tuesday, July 10th. Citigroup cut shares of HSBC from a “buy” rating to a “neutral” rating in a research note on Monday, October 22nd. Royal Bank of Canada cut shares of HSBC from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, October 23rd. Finally, Societe Generale cut shares of HSBC from a “buy” rating to a “hold” rating in a research note on Monday, September 10th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold”.
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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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