Oppenheimer Asset Management Inc. Sells 1,347 Shares of HSBC Holdings PLC (HSBC)
Oppenheimer Asset Management Inc. lessened its stake in shares of HSBC Holdings PLC (NYSE:HSBC) by 0.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 353,849 shares of the financial services provider’s stock after selling 1,347 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in HSBC were worth $17,484,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of HSBC. Quantum Capital Management bought a new stake in HSBC in the third quarter valued at about $212,000. American Assets Investment Management LLC increased its holdings in HSBC by 2.6% in the second quarter. American Assets Investment Management LLC now owns 79,059 shares of the financial services provider’s stock valued at $3,668,000 after buying an additional 2,006 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in HSBC by 12.3% in the second quarter. Oppenheimer & Co. Inc. now owns 20,302 shares of the financial services provider’s stock valued at $941,000 after buying an additional 2,216 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of HSBC by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 13,310,658 shares of the financial services provider’s stock valued at $617,481,000 after purchasing an additional 99,537 shares during the last quarter. Finally, Baldwin Investment Management LLC grew its holdings in shares of HSBC by 1.4% during the second quarter. Baldwin Investment Management LLC now owns 7,219 shares of the financial services provider’s stock valued at $335,000 after purchasing an additional 99 shares during the last quarter. Institutional investors own 2.25% of the company’s stock.
Several research firms have recently commented on HSBC. Zacks Investment Research lowered HSBC from a “strong-buy” rating to a “hold” rating in a report on Monday, October 9th. BidaskClub raised shares of HSBC from a “sell” rating to a “hold” rating in a research note on Saturday, November 11th. UBS reissued a “neutral” rating on shares of HSBC in a research report on Wednesday, November 29th. Morgan Stanley reaffirmed a “buy” rating on shares of HSBC in a research report on Wednesday, August 16th. Finally, Jefferies Group began coverage on shares of HSBC in a research note on Monday, September 4th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $31.50.
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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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