HSBC Holdings plc (NYSE:HSBC) Shares Bought by Quadrant Capital Group LLC

Quadrant Capital Group LLC grew its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 27.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,280 shares of the financial services provider’s stock after acquiring an additional 8,612 shares during the period. Quadrant Capital Group LLC’s holdings in HSBC were worth $1,665,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Advisor Partners LLC grew its stake in HSBC by 3.9% in the first quarter. Advisor Partners LLC now owns 33,821 shares of the financial services provider’s stock worth $1,372,000 after purchasing an additional 1,275 shares in the last quarter. Commerce Bank grew its stake in HSBC by 98.6% in the first quarter. Commerce Bank now owns 12,056 shares of the financial services provider’s stock worth $489,000 after purchasing an additional 5,986 shares in the last quarter. Bank of The West acquired a new position in HSBC in the first quarter worth about $421,000. Brandes Investment Partners LP grew its stake in HSBC by 7.8% in the first quarter. Brandes Investment Partners LP now owns 571,738 shares of the financial services provider’s stock worth $23,201,000 after purchasing an additional 41,506 shares in the last quarter. Finally, Private Capital Group LLC grew its stake in HSBC by 86.7% in the first quarter. Private Capital Group LLC now owns 4,736 shares of the financial services provider’s stock worth $197,000 after purchasing an additional 2,199 shares in the last quarter. Institutional investors own 2.46% of the company’s stock.

NYSE HSBC traded down $0.36 during trading hours on Friday, reaching $39.36. The company’s stock had a trading volume of 2,878,004 shares, compared to its average volume of 1,201,947. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.97 and a current ratio of 0.97. The company has a 50-day moving average of $41.31. HSBC Holdings plc has a 52 week low of $38.23 and a 52 week high of $47.32. The company has a market cap of $156.87 billion, a PE ratio of 12.50, a PEG ratio of 2.83 and a beta of 0.68.

HSBC (NYSE:HSBC) last issued its earnings results on Friday, May 3rd. The financial services provider reported $1.08 earnings per share (EPS) for the quarter. The business had revenue of $14.41 billion during the quarter. As a group, sell-side analysts forecast that HSBC Holdings plc will post 3.68 EPS for the current fiscal year.

A number of equities analysts recently commented on the company. ValuEngine downgraded HSBC from a “hold” rating to a “sell” rating in a research note on Friday, July 26th. Jefferies Financial Group cut shares of HSBC from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Morgan Stanley cut shares of HSBC from an “overweight” rating to an “equal weight” rating in a report on Friday, June 21st. Barclays cut shares of HSBC from an “equal weight” rating to an “underweight” rating in a report on Wednesday, July 17th. Finally, Goldman Sachs Group raised shares of HSBC from a “neutral” rating to a “buy” rating in a report on Wednesday, May 22nd. Nine investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $43.80.

HSBC Company 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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