Eagle Asset Management Inc. increased its stake in shares of HSBC Holdings PLC (NYSE:HSBC) by 15.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,947 shares of the financial services provider’s stock after acquiring an additional 1,489 shares during the quarter. Eagle Asset Management Inc.’s holdings in HSBC were worth $537,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. lifted its stake in shares of HSBC by 16.0% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,208 shares of the financial services provider’s stock valued at $102,000 after buying an additional 304 shares in the last quarter. LS Investment Advisors LLC lifted its stake in shares of HSBC by 2.6% in the second quarter. LS Investment Advisors LLC now owns 2,338 shares of the financial services provider’s stock valued at $108,000 after buying an additional 59 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of HSBC by 89.4% in the second quarter. Tower Research Capital LLC TRC now owns 2,413 shares of the financial services provider’s stock valued at $112,000 after buying an additional 1,139 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of 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. Finally, Ray Gerald L & Associates Ltd. bought a new position in shares of HSBC during the second quarter valued at about $204,000. 2.25% of the stock is currently owned by institutional investors and hedge funds.

HSBC Holdings PLC (NYSE HSBC) traded down $0.53 during midday trading on Thursday, reaching $48.55. 1,185,300 shares of the company were exchanged, compared to its average volume of 1,629,436. HSBC Holdings PLC has a 1-year low of $39.58 and a 1-year 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 capitalization of $196,266.81, a P/E ratio of 24.66, a PEG ratio of 2.56 and a beta of 0.93.

A number of research analysts recently weighed in on the stock. Goldman Sachs Group reissued a “neutral” rating on shares of HSBC in a research report on Tuesday. Macquarie assumed coverage on shares of HSBC in a research report on Wednesday, November 29th. They set an “outperform” rating on the stock. UBS reissued a “neutral” rating on shares of HSBC in a research report on Wednesday, November 29th. J P Morgan Chase & Co reissued a “neutral” rating on shares of HSBC in a research report on Friday, November 24th. Finally, BidaskClub raised shares of HSBC from a “sell” rating to a “hold” rating in a research report on Saturday, November 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $31.50.

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HSBC 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 (NYSE:HSBC)

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