Franklin Resources Inc. cut its stake in HSBC Holdings plc (NYSE:HSBC) by 2.3% in the 4th quarter, HoldingsChannel reports. The fund owned 1,309,180 shares of the financial services provider’s stock after selling 30,928 shares during the quarter. Franklin Resources Inc.’s holdings in HSBC were worth $67,605,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the stock. Harding Loevner LP grew its position in HSBC by 4,384.0% in the third quarter. Harding Loevner LP now owns 98,112,785 shares of the financial services provider’s stock worth $17,392,000 after acquiring an additional 95,924,743 shares in the last quarter. Fisher Asset Management LLC grew its position in HSBC by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 14,236,686 shares of the financial services provider’s stock worth $735,182,000 after acquiring an additional 411,768 shares in the last quarter. Cambiar Investors LLC grew its position in HSBC by 0.7% in the fourth quarter. Cambiar Investors LLC now owns 4,552,865 shares of the financial services provider’s stock worth $235,110,000 after acquiring an additional 32,692 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in HSBC by 12.7% in the third quarter. Parametric Portfolio Associates LLC now owns 2,338,801 shares of the financial services provider’s stock worth $115,560,000 after acquiring an additional 263,130 shares in the last quarter. Finally, Miller Howard Investments Inc. NY purchased a new position in HSBC in the fourth quarter worth $74,026,000. Institutional investors own 2.42% of the company’s stock.
Shares of HSBC Holdings plc (HSBC) opened at $49.59 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market cap of $197,109.23, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 2.19 and a beta of 0.92. HSBC Holdings plc has a one year low of $39.63 and a one year high of $55.89.
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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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