Segantii Capital Management Ltd Buys Shares of 220,560 HSBC Holdings PLC (HSBC)

Segantii Capital Management Ltd bought a new position in HSBC Holdings PLC (NYSE:HSBC) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 220,560 shares of the financial services provider’s stock, valued at approximately $10,810,000. HSBC Holdings PLC comprises 4.2% of Segantii Capital Management Ltd’s portfolio, making the stock its 7th largest holding. Segantii Capital Management Ltd owned about 5,504.09% of HSBC Holdings PLC at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of HSBC. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of HSBC Holdings PLC by 16.0% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,208 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 304 shares during the last quarter. LS Investment Advisors LLC raised its position in HSBC Holdings PLC by 2.6% in the 2nd quarter. LS Investment Advisors LLC now owns 2,338 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 59 shares during the period. Tower Research Capital LLC TRC raised its position in HSBC Holdings PLC by 89.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,413 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 1,139 shares during the period. UBS Asset Management Americas Inc. raised its position in HSBC Holdings PLC by 1.8% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,477 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 43 shares during the period. Finally, Enterprise Financial Services Corp raised its position in HSBC Holdings PLC by 0.6% in the 2nd quarter. Enterprise Financial Services Corp now owns 3,442 shares of the financial services provider’s stock worth $160,000 after purchasing an additional 19 shares during the period. Institutional investors own 2.25% of the company’s stock.

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A number of equities analysts have issued reports on HSBC shares. Zacks Investment Research cut shares of HSBC Holdings PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. BidaskClub raised shares of HSBC Holdings PLC from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Credit Suisse Group lowered shares of HSBC Holdings PLC from a “neutral” rating to an “underperform” rating in a research note on Tuesday, October 10th. Finally, Jefferies Group LLC assumed coverage on shares of HSBC Holdings PLC in a research note on Monday, September 4th. They set a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $36.00.

HSBC Holdings PLC (NYSE HSBC) traded up $0.31 during mid-day trading on Wednesday, reaching $48.36. 795,832 shares of the company’s stock traded hands, compared to its average volume of 1,160,000. HSBC Holdings PLC has a fifty-two week low of $37.85 and a fifty-two week high of $50.86. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $190,830.00, a price-to-earnings ratio of 24.25, a P/E/G ratio of 2.52 and a beta of 0.93.

HSBC Holdings PLC 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.

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

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