JPMorgan Chase & Co. Has $18.07 Million Stake in HSBC Holdings plc (HSBC)

JPMorgan Chase & Co. trimmed its stake in HSBC Holdings plc (NYSE:HSBC) by 99.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 367,163 shares of the financial services provider’s stock after selling 231,079,360 shares during the period. JPMorgan Chase & Co.’s holdings in HSBC were worth $18,071,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. UBS Asset Management Americas Inc. increased its stake in HSBC by 1.8% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,477 shares of the financial services provider’s stock worth $115,000 after buying an additional 43 shares in the last quarter. Baldwin Investment Management LLC increased its stake in HSBC by 1.4% in the 2nd quarter. Baldwin Investment Management LLC now owns 7,219 shares of the financial services provider’s stock worth $335,000 after buying an additional 99 shares in the last quarter. Todd Asset Management LLC increased its stake in HSBC by 0.6% in the 2nd quarter. Todd Asset Management LLC now owns 27,964 shares of the financial services provider’s stock worth $1,297,000 after buying an additional 156 shares in the last quarter. Courier Capital LLC increased its stake in HSBC by 1.3% in the 2nd quarter. Courier Capital LLC now owns 17,950 shares of the financial services provider’s stock worth $833,000 after buying an additional 226 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in HSBC by 5.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 5,489 shares of the financial services provider’s stock worth $255,000 after buying an additional 291 shares in the last quarter. Hedge funds and other institutional investors own 2.25% of the company’s stock.

HSBC has been the subject of a number of analyst reports. Zacks Investment Research upgraded HSBC from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Monday, September 4th. Jefferies Group initiated coverage on HSBC in a research note on Monday, September 4th. They issued a “buy” rating for the company. BidaskClub lowered HSBC from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Credit Suisse Group lowered HSBC from a “neutral” rating to an “underperform” rating in a research report on Tuesday, October 10th. Finally, UBS restated a “neutral” rating on shares of HSBC in a research report on Monday, December 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. HSBC presently has an average rating of “Hold” and an average price target of $31.50.

HSBC Holdings plc (NYSE:HSBC) opened at $50.17 on Monday. The firm has a market capitalization of $200,625.61, a PE ratio of 25.21, a PEG ratio of 2.62 and a beta of 0.93. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.30. HSBC Holdings plc has a 12-month low of $39.58 and a 12-month high of $51.71.

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About HSBC

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 (NYSE:HSBC)

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