Kayne Anderson Rudnick Investment Management LLC grew its position in HSBC Holdings PLC (NYSE:HSBC) by 0.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 316,720 shares of the financial services provider’s stock after purchasing an additional 2,321 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in HSBC Holdings PLC were worth $15,649,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Greenleaf Trust raised its stake in HSBC Holdings PLC by 26.8% during the 2nd quarter. Greenleaf Trust now owns 13,595 shares of the financial services provider’s stock worth $631,000 after acquiring an additional 2,877 shares in the last quarter. American Assets Investment Management LLC raised its stake in HSBC Holdings PLC by 2.6% during the 2nd quarter. American Assets Investment Management LLC now owns 79,059 shares of the financial services provider’s stock worth $3,668,000 after acquiring an additional 2,006 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in HSBC Holdings PLC by 12.3% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 20,302 shares of the financial services provider’s stock worth $941,000 after acquiring an additional 2,216 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in HSBC Holdings PLC by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 13,310,658 shares of the financial services provider’s stock worth $617,481,000 after acquiring an additional 99,537 shares in the last quarter. Finally, Baldwin Investment Management LLC raised its stake in HSBC Holdings PLC by 1.4% during the 2nd quarter. Baldwin Investment Management LLC now owns 7,219 shares of the financial services provider’s stock worth $335,000 after acquiring an additional 99 shares in the last quarter. Institutional investors and hedge funds own 2.25% of the company’s stock.

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HSBC Holdings PLC (NYSE:HSBC) traded down $0.16 during midday trading on Friday, reaching $48.27. 712,000 shares of the company’s stock were exchanged, compared to its average volume of 1,654,509. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $192,660.00, a price-to-earnings ratio of 24.34, a PEG ratio of 2.52 and a beta of 0.93. HSBC Holdings PLC has a one year low of $38.95 and a one year high of $50.86.

Several equities research analysts recently commented on HSBC shares. Zacks Investment Research upgraded shares of 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. Jefferies Group LLC started coverage on shares of HSBC Holdings PLC in a research note on Monday, September 4th. They set a “buy” rating on the stock. BidaskClub lowered shares of HSBC Holdings PLC from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Credit Suisse Group lowered shares of HSBC Holdings PLC from a “neutral” rating to an “underperform” rating in a research note on Tuesday, October 10th. Finally, Morgan Stanley restated a “buy” rating on shares of HSBC Holdings PLC in a research note on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $31.33.

HSBC Holdings PLC Company Profile

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

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