Bank of New York Mellon Corp Has $5.88 Million Position in HSBC Holdings plc (HSBC)

Bank of New York Mellon Corp decreased its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 9.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 113,963 shares of the financial services provider’s stock after selling 12,447 shares during the quarter. Bank of New York Mellon Corp’s holdings in HSBC were worth $5,884,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Fieldpoint Private Securities LLC purchased a new position in HSBC during the third quarter worth approximately $127,000. Bessemer Group Inc. lifted its position in HSBC by 60.2% during the fourth quarter. Bessemer Group Inc. now owns 2,846 shares of the financial services provider’s stock worth $147,000 after buying an additional 1,070 shares in the last quarter. Zions Bancorporation lifted its position in HSBC by 374.8% during the third quarter. Zions Bancorporation now owns 3,010 shares of the financial services provider’s stock worth $149,000 after buying an additional 2,376 shares in the last quarter. Dean Capital Investments Management LLC purchased a new position in HSBC during the fourth quarter worth approximately $200,000. Finally, Modera Wealth Management LLC purchased a new position in HSBC during the fourth quarter worth approximately $207,000. Hedge funds and other institutional investors own 2.41% of the company’s stock.

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HSBC stock opened at $47.17 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.43. The firm has a market cap of $190,505.58, a price-to-earnings ratio of 45.36, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. HSBC Holdings plc has a 52-week low of $39.63 and a 52-week high of $55.89.

A number of equities analysts recently commented on HSBC shares. JPMorgan Chase reiterated a “neutral” rating on shares of HSBC in a research report on Monday, March 19th. Societe Generale downgraded HSBC from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Morgan Stanley reiterated a “buy” rating on shares of HSBC in a research report on Tuesday, February 13th. ValuEngine downgraded HSBC from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, UBS reiterated a “neutral” rating on shares of HSBC in a research report on Monday, December 11th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $31.50.

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HSBC Profile

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.

Institutional Ownership by Quarter for HSBC (NYSE:HSBC)

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