American Assets Investment Management LLC boosted its stake in HSBC Holdings PLC (NYSE:HSBC) by 2.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,774 shares of the financial services provider’s stock after purchasing an additional 1,715 shares during the period. American Assets Investment Management LLC’s holdings in HSBC Holdings PLC were worth $3,991,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Crossmark Global Holdings Inc. acquired a new position in HSBC Holdings PLC in the 3rd quarter valued at approximately $19,699,000. Athos Capital Ltd acquired a new position in HSBC Holdings PLC in the 3rd quarter valued at approximately $1,973,000. Aperio Group LLC increased its position in HSBC Holdings PLC by 2.3% in the 3rd quarter. Aperio Group LLC now owns 1,283,358 shares of the financial services provider’s stock valued at $63,411,000 after acquiring an additional 28,695 shares during the period. TIAA FSB increased its position in HSBC Holdings PLC by 70.3% in the 3rd quarter. TIAA FSB now owns 28,835 shares of the financial services provider’s stock valued at $1,425,000 after acquiring an additional 11,903 shares during the period. Finally, Adviser Investments LLC acquired a new position in HSBC Holdings PLC in the 3rd quarter valued at approximately $260,000. 2.23% of the stock is owned by institutional investors and hedge funds.

Several brokerages have issued reports on HSBC. Zacks Investment Research upgraded shares of HSBC Holdings PLC from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research report on Wednesday, August 2nd. BidaskClub cut shares of HSBC Holdings PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Berenberg Bank cut shares of HSBC Holdings PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Jefferies Group LLC began coverage on shares of HSBC Holdings PLC in a research report on Monday, September 4th. They issued a “buy” rating for the company. Finally, Credit Suisse Group cut shares of HSBC Holdings PLC from a “neutral” rating to an “underperform” rating in a research report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. HSBC Holdings PLC currently has a consensus rating of “Hold” and an average price target of $36.00.

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HSBC Holdings PLC (NYSE HSBC) traded down 0.04% during midday trading on Tuesday, hitting $48.72. 700,605 shares of the stock traded hands. The stock’s 50-day moving average price is $49.11 and its 200 day moving average price is $46.46. The company has a market capitalization of $197.51 billion, a price-to-earnings ratio of 99.43 and a beta of 0.87. HSBC Holdings PLC has a 52 week low of $36.93 and a 52 week high of $50.86.

HSBC Holdings PLC (NYSE:HSBC) last released its earnings results on Monday, July 31st. The financial services provider reported $0.95 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.08. HSBC Holdings PLC had a return on equity of 2.08% and a net margin of 1.42%. The firm had revenue of $13.17 billion during the quarter. On average, equities research analysts predict that HSBC Holdings PLC will post $2.95 EPS for the current year.

HSBC Holdings PLC 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 Holdings PLC (NYSE:HSBC)

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