NWQ Investment Management Company LLC lessened its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 3.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 430,808 shares of the financial services provider’s stock after selling 14,223 shares during the quarter. NWQ Investment Management Company LLC’s holdings in HSBC were worth $22,247,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of HSBC. Aevitas Wealth Management Inc. bought a new position in HSBC in the 4th quarter valued at $132,000. Fieldpoint Private Securities LLC bought a new position in HSBC in the 3rd quarter valued at $127,000. Premia Global Advisors LLC bought a new position in HSBC in the 4th quarter valued at $139,000. Bessemer Group Inc. raised its position in HSBC by 60.2% in the 4th quarter. Bessemer Group Inc. now owns 2,846 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 1,070 shares during the last quarter. Finally, Zions Bancorporation raised its position in HSBC by 374.8% in the 3rd quarter. Zions Bancorporation now owns 3,010 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 2,376 shares during the last quarter. Institutional investors and hedge funds own 2.42% of the company’s stock.
Several brokerages have issued reports on HSBC. ValuEngine upgraded HSBC from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. BNP Paribas downgraded HSBC from an “outperform” rating to a “neutral” rating in a research report on Wednesday, January 17th. Deutsche Bank reiterated a “neutral” rating on shares of HSBC in a research report on Friday, February 9th. Morgan Stanley reiterated a “buy” rating on shares of HSBC in a research report on Tuesday, February 13th. Finally, UBS Group reiterated a “neutral” rating on shares of HSBC in a research report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $31.50.
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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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