Dimensional Fund Advisors LP Has $642.63 Million Holdings in HSBC Holdings PLC (HSBC)

Dimensional Fund Advisors LP lowered its position in HSBC Holdings PLC (NYSE:HSBC) by 2.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,006,029 shares of the financial services provider’s stock after selling 304,629 shares during the period. HSBC comprises approximately 0.3% of Dimensional Fund Advisors LP’s investment portfolio, making the stock its 25th biggest position. Dimensional Fund Advisors LP owned approximately 0.33% of HSBC worth $642,628,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the business. Bronfman E.L. Rothschild L.P. raised its position in shares of HSBC 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 purchasing an additional 304 shares during the last quarter. LS Investment Advisors LLC raised its position in shares of HSBC by 2.6% during 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 last quarter. Tower Research Capital LLC TRC raised its position in shares of HSBC by 89.4% during 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 last quarter. UBS Asset Management Americas Inc. raised its position in shares of HSBC by 1.8% during 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 last quarter. Finally, Ray Gerald L & Associates Ltd. acquired a new position in shares of HSBC during the 2nd quarter worth about $204,000. Institutional investors and hedge funds own 2.25% of the company’s stock.

HSBC has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of HSBC from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Goldman Sachs Group restated a “neutral” rating on shares of HSBC in a research report on Tuesday. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of HSBC in a research note on Friday, November 24th. Canaccord Genuity reaffirmed a “hold” rating and set a $9.00 price objective on shares of HSBC in a research note on Tuesday, September 5th. Finally, Macquarie started coverage on shares of HSBC in a research note on Wednesday, November 29th. They set an “outperform” rating for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $31.50.

Shares of HSBC Holdings PLC (HSBC) opened at $49.37 on Friday. HSBC Holdings PLC has a one year low of $39.58 and a one year high of $50.86. The stock has a market cap of $195,227.08, a PE ratio of 24.53, a P/E/G ratio of 2.55 and a beta of 0.93. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.94 and a current ratio of 0.94.

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HSBC 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.

Institutional Ownership by Quarter for HSBC (NYSE:HSBC)

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