Maven Securities LTD cut its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 22.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 77,300 shares of the financial services provider’s stock after selling 22,000 shares during the period. HSBC makes up 2.1% of Maven Securities LTD’s investment portfolio, making the stock its 16th biggest holding. Maven Securities LTD’s holdings in HSBC were worth $3,228,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Farmers National Bank acquired a new stake in shares of HSBC in the 1st quarter worth $25,000. Harvest Group Wealth Management LLC acquired a new position in shares of HSBC during the first quarter worth about $27,000. Berman Capital Advisors LLC raised its holdings in HSBC by 60.4% during the second quarter. Berman Capital Advisors LLC now owns 805 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 303 shares in the last quarter. Cordasco Financial Network raised its holdings in HSBC by 57.2% during the second quarter. Cordasco Financial Network now owns 838 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 305 shares in the last quarter. Finally, Coastal Investment Advisors Inc. acquired a new stake in HSBC in the second quarter valued at about $40,000. 2.40% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE HSBC traded up $0.48 during midday trading on Wednesday, hitting $38.60. The company had a trading volume of 234,792 shares, compared to its average volume of 3,539,250. The company has a quick ratio of 0.97, a current ratio of 0.89 and a debt-to-equity ratio of 0.63. HSBC Holdings plc has a twelve month low of $35.35 and a twelve month high of $45.33. The business has a 50-day simple moving average of $37.61 and a two-hundred day simple moving average of $40.73. The firm has a market capitalization of $156.13 billion, a price-to-earnings ratio of 12.24, a price-to-earnings-growth ratio of 2.48 and a beta of 0.71.
A number of equities research analysts have weighed in on the company. Barclays lowered HSBC from an “equal weight” rating to an “underweight” rating in a report on Wednesday, July 17th. Goldman Sachs Group raised HSBC from a “neutral” rating to a “buy” rating in a report on Wednesday, May 22nd. ValuEngine downgraded HSBC from a “hold” rating to a “sell” rating in a research note on Friday, July 26th. Morgan Stanley lowered HSBC from an “overweight” rating to an “equal weight” rating in a report on Friday, June 21st. Finally, Jefferies Financial Group lowered HSBC from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Eight investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $43.80.
HSBC Company 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.
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