Commerce Bank lessened its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 53.8% in the third quarter, Holdings Channel reports. The institutional investor owned 5,984 shares of the financial services provider’s stock after selling 6,959 shares during the quarter. Commerce Bank’s holdings in HSBC were worth $264,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HSBC. Legacy Financial Advisors Inc. purchased a new position in shares of HSBC in the second quarter worth about $129,000. Integrated Investment Consultants LLC purchased a new position in shares of HSBC in the second quarter worth about $131,000. First Hawaiian Bank purchased a new position in shares of HSBC in the third quarter worth about $168,000. Hilltop Holdings Inc. purchased a new position in shares of HSBC in the second quarter worth about $214,000. Finally, TRUE Private Wealth Advisors purchased a new position in shares of HSBC in the second quarter worth about $220,000. Institutional investors and hedge funds own 2.55% of the company’s stock.

HSBC stock opened at $41.79 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.96 and a quick ratio of 0.96. HSBC Holdings plc has a 12 month low of $38.23 and a 12 month high of $55.89.

HSBC (NYSE:HSBC) last released its quarterly earnings data on Monday, October 29th. The financial services provider reported $0.95 EPS for the quarter, meeting analysts’ consensus estimates of $0.95. The firm had revenue of $13.84 billion during the quarter. As a group, research analysts anticipate that HSBC Holdings plc will post 3.66 EPS for the current year.

Several research firms have recently weighed in on HSBC. Zacks Investment Research reiterated a “hold” rating on shares of HSBC in a research note on Tuesday. Keefe, Bruyette & Woods upgraded shares of HSBC from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 11th. DZ Bank reiterated a “sell” rating on shares of HSBC in a research note on Monday, August 6th. Credit Suisse Group upgraded shares of HSBC from an “underperform” rating to a “neutral” rating in a research note on Thursday, September 20th. Finally, Societe Generale downgraded shares of HSBC from a “buy” rating to a “hold” rating in a research note on Monday, September 10th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. HSBC currently has a consensus rating of “Hold”.

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HSBC Profile

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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