BB&T Securities LLC trimmed its position in HSBC Holdings PLC (NYSE:HSBC) by 15.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,471 shares of the financial services provider’s stock after selling 6,549 shares during the quarter. BB&T Securities LLC’s holdings in HSBC were worth $1,752,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. bought a new stake in HSBC in the third quarter worth $19,699,000. Fisher Asset Management LLC lifted its position in shares of HSBC by 2.2% during the third quarter. Fisher Asset Management LLC now owns 13,824,918 shares of the financial services provider’s stock worth $683,089,000 after purchasing an additional 291,811 shares during the last quarter. Quantitative Investment Management LLC bought a new stake in shares of HSBC during the second quarter worth $13,392,000. Capital Advisors Inc. OK bought a new stake in shares of HSBC during the second quarter worth $13,163,000. Finally, Parametric Portfolio Associates LLC lifted its position in shares of HSBC by 13.0% during the second quarter. Parametric Portfolio Associates LLC now owns 2,091,406 shares of the financial services provider’s stock worth $97,020,000 after purchasing an additional 240,883 shares during the last quarter. 2.25% of the stock is owned by institutional investors.
Several analysts have recently weighed in on the company. Goldman Sachs Group reiterated a “neutral” rating on shares of HSBC in a research report on Tuesday. Macquarie assumed coverage on HSBC in a research note on Wednesday, November 29th. They set an “outperform” rating on the stock. UBS restated a “neutral” rating on shares of HSBC in a research note on Wednesday, November 29th. J P Morgan Chase & Co restated a “neutral” rating on shares of HSBC in a research note on Friday, November 24th. Finally, BidaskClub upgraded HSBC from a “sell” rating to a “hold” rating in a research note on Saturday, November 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $31.50.
COPYRIGHT VIOLATION NOTICE: “BB&T Securities LLC Trims Stake in HSBC Holdings PLC (HSBC)” was published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://www.chaffeybreeze.com/2017/12/07/bbt-securities-llc-trims-stake-in-hsbc-holdings-plc-hsbc.html.
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.
Receive News & Ratings for HSBC Holdings PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC Holdings PLC and related companies with MarketBeat.com's FREE daily email newsletter.