HSBC Holdings plc (NYSE:HSBC) Holdings Cut by Sigma Planning Corp

Sigma Planning Corp decreased its stake in HSBC Holdings plc (NYSE:HSBC) by 62.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,868 shares of the financial services provider’s stock after selling 8,035 shares during the quarter. Sigma Planning Corp’s holdings in HSBC were worth $203,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Commerce Bank raised its holdings in shares of HSBC by 98.6% during the 1st quarter. Commerce Bank now owns 12,056 shares of the financial services provider’s stock valued at $489,000 after purchasing an additional 5,986 shares in the last quarter. Berman Capital Advisors LLC raised its holdings in shares of HSBC by 60.4% during the 2nd quarter. Berman Capital Advisors LLC now owns 805 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 303 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of HSBC by 27.7% during the 1st quarter. Quadrant Capital Group LLC now owns 31,668 shares of the financial services provider’s stock valued at $1,268,000 after purchasing an additional 6,878 shares in the last quarter. Brandes Investment Partners LP raised its holdings in shares of HSBC by 7.8% during the 1st quarter. Brandes Investment Partners LP now owns 571,738 shares of the financial services provider’s stock valued at $23,201,000 after purchasing an additional 41,506 shares in the last quarter. Finally, Private Capital Group LLC grew its stake in HSBC by 86.7% in the 1st quarter. Private Capital Group LLC now owns 4,736 shares of the financial services provider’s stock valued at $197,000 after buying an additional 2,199 shares during the last quarter. Institutional investors own 2.51% of the company’s stock.

NYSE:HSBC opened at $35.63 on Friday. HSBC Holdings plc has a 1 year low of $35.60 and a 1 year high of $45.40. The firm’s fifty day simple moving average is $39.53 and its 200 day simple moving average is $41.25. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $146.87 billion, a PE ratio of 11.31, a PEG ratio of 2.36 and a beta of 0.68.

A number of research analysts recently issued reports on HSBC shares. Barclays lowered shares of HSBC from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 17th. Goldman Sachs Group upgraded shares of HSBC from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 22nd. Jefferies Financial Group lowered shares of HSBC from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Morgan Stanley lowered shares of HSBC from an “overweight” rating to an “equal weight” rating in a research note on Friday, June 21st. Finally, ValuEngine lowered shares of HSBC from a “hold” rating to a “sell” rating in a research note on Friday, July 26th. Eight analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $43.80.

About HSBC

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.

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Institutional Ownership by Quarter for HSBC (NYSE:HSBC)

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