Economy

HSBC Holdings PLC (HSBC) Research Coverage Started at Jefferies Group LLC

Tocqueville Asset Management L.P. boosted its position in shares of HSBC Holdings PLC (NYSE:HSBC) by 10.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business.

HSBC has been the topic of a number of recent research reports. Toronto Dominion Bank boosted its position in shares of HSBC Holdings PLC by 11.4% in the first quarter. LS Investment Advisors LLC increased its holdings in HSBC Holdings PLC by 2.6% during the 2nd quarter. Next Financial Group, Inc owns 125 shares worth $6,000,000. The value of the investment in HSBC Holdings, plc. went from $1,101,000 to $1,147,000 increasing 4.2% since the last quarter. Capital One National Association now owns 5,192 shares of the financial services provider's stock worth $241,000 after purchasing an additional 71 shares during the period. Finally, Capital One National Association increased its holdings in HSBC Holdings PLC by 1.4% during the 2nd quarter. Lastly, J P Morgan Chase & Co restated a "neutral" recommendation and fixed a GBX 690 ($8.91) target price on stock of HSBC Holdings in a study report on early Tue, Aug 1st. around three Brokerage firms have recommended the share with a sell recommendation, fourteen have issued a hold recommendation and five have published a buy recommendation to The corporation. Institutional investors own 2.23% of the company's stock.

The company is so far trading up from yesterday's close of 47.46. 255,261 shares of the company's stock were exchanged.

Shares last traded at $47.86 a bit lower than the 50 day moving average which is $48.50 and which is marginally higher than the 200 day moving average of $44.21.

HSBC Holdings PLC (NYSE:HSBC) last issued its earnings results on Monday, July 31st. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.87 by $0.08. The company had revenue of $13.17 billion during the quarter.

11/29/2016 - Credit Suisse began new coverage on HSBC Holdings plc giving the company a "neutral" rating. On average, analysts anticipate that HSBC Holdings PLC will post $2.95 earnings per share for the current year. HSBC Holdings, plc. also recently declared a dividend for shareholders that will be paid on Wednesday the 20th of September 2017. Investors of record on Friday, August 4th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend is Wednesday, August 2nd.

11/17/2016 - HSBC Holdings plc had its "neutral" rating reiterated by analysts at Natixis. The firm has "Neutral" rating by Macquarie Research given on Thursday, January 14. Zacks Investment Research upgraded HSBC Holdings PLC from a "hold" rating to a "buy" rating and set a $48.00 target price on the stock in a report on Wednesday, May 31st. Morgan Stanley upgraded HSBC Holdings PLC from an "equal weight" rating to an "overweight" rating in a report on Wednesday, June 28th. The stock of HSBC Holdings plc (ADR) (NYSE:HSBC) has "Underperform" rating given on Tuesday, March 29 by BNP Paribas.

11/01/2016 - HSBC Holdings plc had its "hold" rating reiterated by analysts at Deutsche Bank. RBWM business offers Retail Banking, Wealth Management, Asset Management and Insurance. Parkside Financial Bank & Trust increased its holdings in HSBC Holdings PLC by 0.7% during the 2nd quarter. If you are reading this piece of content on another publication, it was illegally copied and reposted in violation of USA and worldwide copyright & trademark laws.

HSBC Holdings plc provides banking and financial products and services in the United Kingdom and internationally.



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