Stephens Inc. AR increased its position in HSBC Holdings PLC (NYSE:HSBC) by 7.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,091 shares of the company’s stock after buying an additional 1,697 shares during the period. Stephens Inc. AR’s holdings in HSBC Holdings PLC were worth $981,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Morningstar Investment Services LLC raised its stake in HSBC Holdings PLC by 0.5% in the third quarter. Morningstar Investment Services LLC now owns 6,663 shares of the company’s stock worth $251,000 after buying an additional 31 shares during the period. SOL Capital Management CO increased its position in HSBC Holdings PLC by 0.6% in the third quarter. SOL Capital Management CO now owns 7,345 shares of the company’s stock worth $276,000 after buying an additional 47 shares in the last quarter. Genesee Valley Trust Co. increased its position in HSBC Holdings PLC by 1.2% in the third quarter. Genesee Valley Trust Co. now owns 15,733 shares of the company’s stock worth $592,000 after buying an additional 182 shares in the last quarter. Mariner Wealth Advisors LLC increased its position in HSBC Holdings PLC by 2.7% in the second quarter. Mariner Wealth Advisors LLC now owns 7,317 shares of the company’s stock worth $229,000 after buying an additional 190 shares in the last quarter. Finally, First Allied Advisory Services Inc. increased its position in HSBC Holdings PLC by 3.2% in the second quarter. First Allied Advisory Services Inc. now owns 8,144 shares of the company’s stock worth $260,000 after buying an additional 256 shares in the last quarter. 2.15% of the stock is owned by institutional investors and hedge funds.

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

HSBC Holdings PLC (NYSE:HSBC) traded down 0.05% during midday trading on Friday, hitting $41.16. The stock had a trading volume of 1,592,855 shares. The firm has a 50-day moving average price of $40.75 and a 200-day moving average price of $37.10. The firm has a market capitalization of $161.38 billion, a price-to-earnings ratio of 12.86 and a beta of 1.08. HSBC Holdings PLC has a 1-year low of $28.62 and a 1-year high of $43.07.

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A number of research firms recently commented on HSBC. Morgan Stanley upgraded HSBC Holdings PLC from an “underweight” rating to an “equal” rating in a report on Tuesday, December 6th. Credit Suisse Group began coverage on HSBC Holdings PLC in a report on Tuesday, November 29th. They issued a “neutral” rating on the stock. Sanford C. Bernstein upgraded HSBC Holdings PLC from an “underperform” rating to a “hold” rating and set a $31.00 price objective on the stock in a report on Monday, November 21st. Natixis upgraded HSBC Holdings PLC from a “reduce” rating to a “neutral” rating in a report on Thursday, November 17th. Finally, Citigroup Inc. upgraded HSBC Holdings PLC from a “neutral” rating to a “buy” rating in a report on Tuesday, November 8th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $30.16.

About HSBC Holdings PLC

HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through approximately four businesses, such as Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB).

5 Day Chart for NYSE:HSBC

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