Gofen & Glossberg LLC IL continued to hold its stake in shares of HSBC Holdings PLC (NYSE:HSBC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,632 shares of the financial services provider’s stock at the end of the 2nd quarter. Gofen & Glossberg LLC IL’s holdings in HSBC Holdings PLC were worth $261,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA grew its stake in HSBC Holdings PLC by 9.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 131,437 shares of the financial services provider’s stock worth $5,365,000 after purchasing an additional 10,841 shares during the period. Greenleaf Trust grew its stake in HSBC Holdings PLC by 26.8% in the second quarter. Greenleaf Trust now owns 13,595 shares of the financial services provider’s stock worth $631,000 after purchasing an additional 2,877 shares during the period. American Assets Investment Management LLC grew its stake in HSBC Holdings PLC by 2.6% in the second quarter. American Assets Investment Management LLC now owns 79,059 shares of the financial services provider’s stock worth $3,668,000 after purchasing an additional 2,006 shares during the period. Oppenheimer & Co. Inc. grew its stake in HSBC Holdings PLC by 12.3% in the second quarter. Oppenheimer & Co. Inc. now owns 20,302 shares of the financial services provider’s stock worth $941,000 after purchasing an additional 2,216 shares during the period. Finally, Baldwin Investment Management LLC grew its stake in HSBC Holdings PLC by 1.4% in the second quarter. Baldwin Investment Management LLC now owns 7,219 shares of the financial services provider’s stock worth $335,000 after purchasing an additional 99 shares during the period. 2.23% of the stock is currently owned by institutional investors.

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Several brokerages recently weighed in on HSBC. Zacks Investment Research raised HSBC Holdings PLC from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Wednesday, August 2nd. BidaskClub cut HSBC Holdings PLC from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Berenberg Bank cut HSBC Holdings PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Jefferies Group LLC began coverage on HSBC Holdings PLC in a research note on Monday, September 4th. They issued a “buy” rating on the stock. Finally, Morgan Stanley raised HSBC Holdings PLC from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $36.00.

Shares of HSBC Holdings PLC (HSBC) opened at 49.16 on Thursday. The stock has a market capitalization of $199.29 billion, a PE ratio of 100.33 and a beta of 0.87. HSBC Holdings PLC has a 1-year low of $36.93 and a 1-year high of $50.86. The stock has a 50 day moving average price of $48.89 and a 200-day moving average price of $45.93.

HSBC Holdings PLC (NYSE:HSBC) last released its quarterly earnings results on Monday, July 31st. The financial services provider reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.08. The firm had revenue of $13.17 billion during the quarter. HSBC Holdings PLC had a return on equity of 2.08% and a net margin of 1.42%. On average, analysts forecast that HSBC Holdings PLC will post $2.95 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Friday, August 4th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.04%. The ex-dividend date was Wednesday, August 2nd. HSBC Holdings PLC’s payout ratio is 400.01%.

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.

Institutional Ownership by Quarter for HSBC Holdings PLC (NYSE:HSBC)

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