HSBC Holdings plc (NYSE:HSBC) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. trimmed its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 12.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 288,638 shares of the financial services provider’s stock after selling 41,025 shares during the period. Crossmark Global Holdings Inc.’s holdings in HSBC were worth $11,046,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of HSBC. Renaissance Technologies LLC lifted its position in shares of HSBC by 63.0% during the 2nd quarter. Renaissance Technologies LLC now owns 4,866,027 shares of the financial services provider’s stock valued at $203,108,000 after acquiring an additional 1,880,300 shares during the period. JPMorgan Chase & Co. lifted its position in shares of HSBC by 348.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,934,295 shares of the financial services provider’s stock valued at $80,099,000 after acquiring an additional 1,502,641 shares during the period. Carlson Capital L P acquired a new stake in shares of HSBC during the 2nd quarter valued at approximately $62,076,000. Capital Advisors Inc. OK lifted its position in shares of HSBC by 318.5% during the 2nd quarter. Capital Advisors Inc. OK now owns 284,462 shares of the financial services provider’s stock valued at $11,873,000 after acquiring an additional 216,491 shares during the period. Finally, Canada Pension Plan Investment Board lifted its position in shares of HSBC by 290.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 275,983 shares of the financial services provider’s stock valued at $11,520,000 after acquiring an additional 205,279 shares during the period. Institutional investors own 2.40% of the company’s stock.

Shares of HSBC stock traded up $0.25 during trading on Wednesday, hitting $36.93. 174,957 shares of the company were exchanged, compared to its average volume of 2,078,442. The company has a quick ratio of 0.97, a current ratio of 0.89 and a debt-to-equity ratio of 0.63. HSBC Holdings plc has a fifty-two week low of $35.35 and a fifty-two week high of $44.93. The stock has a market capitalization of $150.72 billion, a price-to-earnings ratio of 11.72, a P/E/G ratio of 7.18 and a beta of 0.71. The firm has a 50 day moving average price of $37.23 and a 200 day moving average price of $40.33.

HSBC (NYSE:HSBC) last issued its quarterly earnings data on Monday, August 5th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by ($0.10). HSBC had a return on equity of 7.16% and a net margin of 24.96%. The company had revenue of $14.09 billion for the quarter, compared to analyst estimates of $14.03 billion. Analysts predict that HSBC Holdings plc will post 3.62 earnings per share for the current year.

A number of equities research analysts have recently issued reports on HSBC shares. Jefferies Financial Group downgraded shares of HSBC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Barclays downgraded shares of HSBC from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, July 17th. ValuEngine upgraded shares of HSBC from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley downgraded shares of HSBC from an “equal” rating to a “weight” rating in a research report on Wednesday. Seven analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $43.80.

HSBC Profile

HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.

Further Reading: SEC Filing

Institutional Ownership by Quarter for HSBC (NYSE:HSBC)

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