HSBC Holdings PLC (HSBC) Shares Sold by HL Financial Services LLC

HL Financial Services LLC trimmed its position in shares of HSBC Holdings PLC (NYSE:HSBC) by 16.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,431 shares of the financial services provider’s stock after selling 4,070 shares during the period. HL Financial Services LLC’s holdings in HSBC Holdings PLC were worth $1,009,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in HSBC. Fisher Asset Management LLC increased its holdings in HSBC Holdings PLC by 2.2% in the 3rd quarter. Fisher Asset Management LLC now owns 13,824,918 shares of the financial services provider’s stock valued at $683,089,000 after purchasing an additional 291,811 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in HSBC Holdings PLC by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 13,310,658 shares of the financial services provider’s stock valued at $617,481,000 after purchasing an additional 99,537 shares in the last quarter. Harding Loevner LP increased its holdings in HSBC Holdings PLC by 7.1% in the 2nd quarter. Harding Loevner LP now owns 2,188,042 shares of the financial services provider’s stock valued at $101,503,000 after purchasing an additional 145,819 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in HSBC Holdings PLC by 13.0% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,091,406 shares of the financial services provider’s stock valued at $97,020,000 after purchasing an additional 240,883 shares in the last quarter. Finally, Aperio Group LLC increased its holdings in HSBC Holdings PLC by 2.3% in the 3rd quarter. Aperio Group LLC now owns 1,283,358 shares of the financial services provider’s stock valued at $63,411,000 after purchasing an additional 28,695 shares in the last quarter. Institutional investors and hedge funds own 2.25% of the company’s stock.

Several analysts recently issued reports on HSBC shares. Jefferies Group LLC started coverage on HSBC Holdings PLC in a report on Monday, September 4th. They issued a “buy” rating for the company. Zacks Investment Research upgraded HSBC Holdings PLC from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a report on Monday, September 4th. Credit Suisse Group downgraded HSBC Holdings PLC from a “neutral” rating to an “underperform” rating in a research note on Tuesday, October 10th. Finally, BidaskClub downgraded HSBC Holdings PLC from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $42.50.

Shares of HSBC Holdings PLC (HSBC) traded down $0.55 during mid-day trading on Monday, hitting $48.17. 347,416 shares of the stock traded hands, compared to its average volume of 1,668,745. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.30. HSBC Holdings PLC has a twelve month low of $38.82 and a twelve month high of $50.86. The company has a market capitalization of $194,876.59, a PE ratio of 24.48, a price-to-earnings-growth ratio of 2.54 and a beta of 0.93.

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HSBC Holdings PLC 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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Institutional Ownership by Quarter for HSBC Holdings PLC (NYSE:HSBC)

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