Corient Capital Partners LLC Has $616,000 Stock Holdings in HSBC Holdings plc (NYSE:HSBC)

Corient Capital Partners LLC cut its holdings in shares of HSBC Holdings plc (NYSE:HSBCGet Rating) by 3.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,862 shares of the financial services provider’s stock after selling 576 shares during the period. Corient Capital Partners LLC’s holdings in HSBC were worth $616,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its position in shares of HSBC by 229.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 826 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 575 shares during the period. Hexagon Capital Partners LLC lifted its position in shares of HSBC by 276.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 855 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 628 shares during the period. Hoey Investments Inc. acquired a new position in shares of HSBC in the 2nd quarter worth approximately $36,000. Spire Wealth Management lifted its position in shares of HSBC by 74.6% in the 2nd quarter. Spire Wealth Management now owns 1,170 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 500 shares during the period. Finally, Zions Bancorporation N.A. lifted its position in shares of HSBC by 31.3% in the 2nd quarter. Zions Bancorporation N.A. now owns 1,312 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 313 shares during the period. 1.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on HSBC. Credit Suisse Group lowered their price objective on shares of HSBC from GBX 590 ($6.98) to GBX 585 ($6.92) in a research note on Wednesday, October 26th. Barclays lifted their price objective on shares of HSBC from GBX 720 ($8.51) to GBX 780 ($9.22) in a research note on Tuesday, August 2nd. StockNews.com lowered shares of HSBC from a “buy” rating to a “hold” rating in a research note on Saturday, October 29th. The Goldman Sachs Group lowered shares of HSBC from a “buy” rating to a “neutral” rating in a research note on Thursday, August 4th. Finally, Societe Generale lowered their price objective on shares of HSBC from GBX 585 ($6.92) to GBX 500 ($5.91) in a research note on Wednesday, October 26th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $613.22.

HSBC Stock Performance

Shares of HSBC stock opened at $29.47 on Thursday. The firm has a market capitalization of $119.72 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of 0.37 and a beta of 0.55. The firm has a fifty day simple moving average of $27.36 and a two-hundred day simple moving average of $30.26. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.47. HSBC Holdings plc has a 12 month low of $24.77 and a 12 month high of $38.61.

About HSBC

(Get Rating)

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.

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Institutional Ownership by Quarter for HSBC (NYSE:HSBC)

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