Trexquant Investment LP bought a new stake in HSBC Holdings PLC (NYSE:HSBC) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 10,008 shares of the financial services provider’s stock, valued at approximately $494,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in HSBC. Geode Capital Management LLC lifted its holdings in HSBC by 34.7% during the 1st quarter. Geode Capital Management LLC now owns 147,142 shares of the financial services provider’s stock worth $6,006,000 after buying an additional 37,877 shares during the last quarter. LS Investment Advisors LLC lifted its holdings in 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 buying an additional 59 shares during the last quarter. Klingenstein Fields & Co. LLC purchased a new stake in HSBC during the 2nd quarter worth about $204,000. CIBC Asset Management Inc lifted its holdings in HSBC by 1.2% during the 2nd quarter. CIBC Asset Management Inc now owns 12,790 shares of the financial services provider’s stock worth $593,000 after buying an additional 150 shares during the last quarter. Finally, CAPROCK Group Inc. lifted its holdings in HSBC by 29.8% during the 2nd quarter. CAPROCK Group Inc. now owns 9,674 shares of the financial services provider’s stock worth $453,000 after buying an additional 2,219 shares during the last quarter. 4.69% of the stock is owned by institutional investors.

HSBC Holdings PLC (HSBC) traded down $0.09 during trading on Friday, hitting $49.56. The stock had a trading volume of 1,770,869 shares, compared to its average volume of 1,024,742. HSBC Holdings PLC has a fifty-two week low of $39.52 and a fifty-two week high of $50.86. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $198,299.48, a P/E ratio of 24.95, a P/E/G ratio of 2.59 and a beta of 0.93.

HSBC has been the subject of a number of recent analyst reports. Jefferies Group initiated coverage on HSBC in a report on Monday, September 4th. They set a “buy” rating for the company. Zacks Investment Research raised HSBC from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a report on Monday, September 4th. Credit Suisse Group downgraded HSBC from a “neutral” rating to an “underperform” rating in a report on Tuesday, October 10th. BidaskClub raised HSBC from a “sell” rating to a “hold” rating in a report on Saturday, November 11th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $9.00 price target on shares of HSBC in a report on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $31.50.

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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.

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Institutional Ownership by Quarter for HSBC (NYSE:HSBC)

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