BTC Capital Management Inc. Has $442,000 Holdings in HSBC Holdings PLC (HSBC)

BTC Capital Management Inc. decreased its position in HSBC Holdings PLC (NYSE:HSBC) by 22.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,979 shares of the financial services provider’s stock after selling 2,666 shares during the period. BTC Capital Management Inc.’s holdings in HSBC Holdings PLC were worth $442,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Vantage Financial Partners Ltd. Inc. purchased a new stake in HSBC Holdings PLC in the 3rd quarter valued at about $236,000. Bronfman E.L. Rothschild L.P. increased its stake in HSBC Holdings PLC by 16.0% in the 2nd 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 during the last quarter. LS Investment Advisors LLC increased its stake in HSBC Holdings PLC by 2.6% in the 2nd 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 during the last quarter. Tower Research Capital LLC TRC increased its stake in HSBC Holdings PLC by 89.4% in the 2nd 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 during the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in HSBC Holdings PLC by 1.8% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,477 shares of the financial services provider’s stock valued at $115,000 after buying an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 2.25% of the company’s stock.

Shares of HSBC Holdings PLC (NYSE:HSBC) traded down $0.03 during mid-day trading on Tuesday, hitting $48.23. 276,077 shares of the stock traded hands, compared to its average volume of 1,665,963. 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 12 month low of $38.95 and a 12 month high of $50.86. The stock has a market cap of $193,500.00, a price-to-earnings ratio of 24.48, a P/E/G ratio of 2.54 and a beta of 0.93.

Several equities research analysts have commented on HSBC shares. Zacks Investment Research upgraded shares of HSBC Holdings PLC from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Wednesday, August 2nd. BidaskClub upgraded shares of HSBC Holdings PLC from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Jefferies Group LLC assumed coverage on shares of HSBC Holdings PLC in a research note on Monday, September 4th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $42.50.

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About HSBC Holdings PLC

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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