HPM Partners LLC increased its stake in HSBC Holdings plc (NYSE:HSBC) by 20.8% during the 4th quarter, Holdings Channel reports. The firm owned 26,707 shares of the financial services provider’s stock after purchasing an additional 4,606 shares during the quarter. HPM Partners LLC’s holdings in HSBC were worth $1,379,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Athos Capital Ltd purchased a new stake in HSBC in the third quarter worth approximately $1,973,000. Pitcairn Co. purchased a new stake in HSBC in the third quarter worth approximately $244,000. FDx Advisors Inc. boosted its stake in HSBC by 18.3% in the third quarter. FDx Advisors Inc. now owns 33,041 shares of the financial services provider’s stock worth $1,633,000 after buying an additional 5,117 shares in the last quarter. CIBC Asset Management Inc boosted its stake in HSBC by 10.4% in the third quarter. CIBC Asset Management Inc now owns 14,120 shares of the financial services provider’s stock worth $698,000 after buying an additional 1,330 shares in the last quarter. Finally, Comerica Bank boosted its stake in HSBC by 1.0% in the third quarter. Comerica Bank now owns 235,163 shares of the financial services provider’s stock worth $11,461,000 after buying an additional 2,316 shares in the last quarter. Institutional investors own 2.42% of the company’s stock.
Several analysts have issued reports on the company. BNP Paribas lowered HSBC from an “outperform” rating to a “neutral” rating in a research note on Wednesday, January 17th. ValuEngine raised HSBC from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. reissued 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. Finally, Santander raised HSBC from a “sell” rating to a “hold” rating in a research note on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. HSBC presently has a consensus rating of “Hold” and an average target price of $31.50.
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HSBC Company Profile
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.
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