HSBC Holdings plc (HSBC) Shares Sold by Beacon Investment Advisory Services Inc.

Beacon Investment Advisory Services Inc. reduced its stake in HSBC Holdings plc (NYSE:HSBC) by 42.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,963 shares of the financial services provider’s stock after selling 5,183 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in HSBC were worth $360,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Tower Research Capital LLC TRC grew its stake in HSBC by 89.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,413 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 1,139 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in HSBC by 1.8% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,477 shares of the financial services provider’s stock worth $115,000 after acquiring an additional 43 shares in the last quarter. Fieldpoint Private Securities LLC bought a new position in HSBC in the 3rd quarter worth about $127,000. Bessemer Group Inc. grew its stake in HSBC by 60.2% in the 4th quarter. Bessemer Group Inc. now owns 2,846 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 1,070 shares in the last quarter. Finally, Zions Bancorporation grew its stake in HSBC by 374.8% in the 3rd quarter. Zions Bancorporation now owns 3,010 shares of the financial services provider’s stock worth $149,000 after acquiring an additional 2,376 shares in the last quarter. Institutional investors and hedge funds own 2.27% of the company’s stock.

A number of equities analysts have commented on the stock. ValuEngine upgraded shares of HSBC from a “hold” rating to a “buy” rating in a research note on Friday. BNP Paribas downgraded shares of HSBC from an “outperform” rating to a “neutral” rating in a research note on Wednesday, January 17th. Goldman Sachs Group restated a “neutral” rating on shares of HSBC in a research note on Tuesday, December 5th. Macquarie assumed coverage on shares of HSBC in a research note on Wednesday, November 29th. They issued an “outperform” rating on the stock. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of HSBC in a research note on Friday, November 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $31.50.

Shares of HSBC Holdings plc (HSBC) opened at $51.58 on Tuesday. HSBC Holdings plc has a 52-week low of $39.63 and a 52-week high of $55.89. The firm has a market cap of $205,010.00, a P/E ratio of 37.65, a PEG ratio of 2.43 and a beta of 0.90. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.94 and a quick ratio of 0.94.

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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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