Keybank National Association OH Lowers Stake in HSBC Holdings PLC (HSBC)
Keybank National Association OH trimmed its position in shares of HSBC Holdings PLC (NYSE:HSBC) by 14.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,274 shares of the financial services provider’s stock after selling 9,178 shares during the quarter. Keybank National Association OH’s holdings in HSBC Holdings PLC were worth $2,632,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of HSBC. Fisher Asset Management LLC raised its position in shares of HSBC Holdings PLC by 4.0% during the second quarter. Fisher Asset Management LLC now owns 13,533,107 shares of the financial services provider’s stock worth $627,801,000 after purchasing an additional 516,291 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of HSBC Holdings PLC during the third quarter worth approximately $19,699,000. Quantitative Investment Management LLC acquired a new position in shares of HSBC Holdings PLC during the second quarter worth approximately $13,392,000. Capital Advisors Inc. OK acquired a new position in shares of HSBC Holdings PLC during the second quarter worth approximately $13,163,000. Finally, Parametric Portfolio Associates LLC raised its position in shares of HSBC Holdings PLC by 13.0% during the second quarter. Parametric Portfolio Associates LLC now owns 2,091,406 shares of the financial services provider’s stock worth $97,020,000 after purchasing an additional 240,883 shares during the period. 2.25% of the stock is currently owned by institutional investors.
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A number of research firms recently commented on HSBC. Zacks Investment Research lowered HSBC Holdings PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. BidaskClub raised HSBC Holdings PLC from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Credit Suisse Group lowered HSBC Holdings PLC from a “neutral” rating to an “underperform” rating in a research report on Tuesday, October 10th. Finally, Jefferies Group LLC began coverage on HSBC Holdings PLC in a research report on Monday, September 4th. They issued a “buy” rating for the company. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $36.00.
HSBC Holdings PLC (NYSE:HSBC) opened at $48.68 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $193,555.78, a price-to-earnings ratio of 24.30, a PEG ratio of 2.52 and a beta of 0.93. HSBC Holdings PLC has a 12 month low of $38.82 and a 12 month high of $50.86.
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.
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