HSBC Holdings plc (HSBC) Shares Bought by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC lifted its stake in HSBC Holdings plc (NYSE:HSBC) by 12.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,338,801 shares of the financial services provider’s stock after buying an additional 263,130 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.06% of HSBC worth $115,560,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. raised its stake in HSBC by 1.8% during the second quarter. UBS Asset Management Americas Inc. now owns 2,477 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 43 shares in the last quarter. Baldwin Investment Management LLC raised its stake in HSBC by 1.4% during the second quarter. Baldwin Investment Management LLC now owns 7,219 shares of the financial services provider’s stock valued at $335,000 after purchasing an additional 99 shares in the last quarter. Todd Asset Management LLC raised its stake in HSBC by 0.6% during the second quarter. Todd Asset Management LLC now owns 27,964 shares of the financial services provider’s stock valued at $1,297,000 after purchasing an additional 156 shares in the last quarter. Courier Capital LLC raised its stake in HSBC by 1.3% during the second quarter. Courier Capital LLC now owns 17,950 shares of the financial services provider’s stock valued at $833,000 after purchasing an additional 226 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in HSBC by 5.6% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 5,489 shares of the financial services provider’s stock valued at $255,000 after purchasing an additional 291 shares in the last quarter. 2.25% of the stock is currently owned by hedge funds and other institutional investors.

HSBC Holdings plc (HSBC) opened at $50.17 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.94 and a current ratio of 0.94. HSBC Holdings plc has a 1 year low of $39.58 and a 1 year high of $51.71. The firm has a market cap of $203,584.81, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 2.65 and a beta of 0.93.

A number of research firms recently issued reports on HSBC. Zacks Investment Research downgraded shares of HSBC from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 9th. BidaskClub upgraded shares of HSBC from a “sell” rating to a “hold” rating in a research report on Saturday, November 11th. UBS reiterated a “neutral” rating on shares of HSBC in a research report on Wednesday, November 29th. Jefferies Group began coverage on shares of HSBC in a research report on Monday, September 4th. They set a “buy” rating on the stock. Finally, Credit Suisse Group cut shares of HSBC from a “neutral” rating to an “underperform” rating in a research report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $31.50.

COPYRIGHT VIOLATION NOTICE: This piece was posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece on another website, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this piece can be accessed at https://sportsperspectives.com/2017/12/16/hsbc-holdings-plc-hsbc-shares-bought-by-parametric-portfolio-associates-llc.html.

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)

Receive News & Ratings for HSBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply