FDx Advisors Inc. raised its position in shares of HSBC Holdings PLC (NYSE:HSBC) by 18.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,041 shares of the financial services provider’s stock after acquiring an additional 5,117 shares during the period. FDx Advisors Inc.’s holdings in HSBC Holdings PLC were worth $1,633,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Greenleaf Trust boosted its holdings in HSBC Holdings PLC by 26.8% during the second quarter. Greenleaf Trust now owns 13,595 shares of the financial services provider’s stock valued at $631,000 after acquiring an additional 2,877 shares during the period. American Assets Investment Management LLC lifted its stake in shares of HSBC Holdings PLC 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 period. Oppenheimer & Co. Inc. lifted its stake in shares of HSBC Holdings PLC 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 period. Dimensional Fund Advisors LP lifted its stake in shares of HSBC Holdings PLC by 0.8% in 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 buying an additional 99,537 shares during the period. Finally, Baldwin Investment Management LLC lifted its stake in shares of HSBC Holdings PLC by 1.4% in the second quarter. Baldwin Investment Management LLC now owns 7,219 shares of the financial services provider’s stock valued at $335,000 after buying an additional 99 shares during the period. Institutional investors own 2.25% of the company’s stock.

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HSBC has been the subject of several research reports. BidaskClub cut shares of HSBC Holdings PLC from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research upgraded shares of HSBC Holdings PLC from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Wednesday, August 2nd. Jefferies Group LLC initiated coverage on shares of HSBC Holdings PLC in a research note on Monday, September 4th. They issued a “buy” rating for the company. Finally, Credit Suisse Group cut shares of HSBC Holdings PLC from a “neutral” rating to an “underperform” rating in a research note on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $42.50.

Shares of HSBC Holdings PLC (NYSE HSBC) opened at $48.26 on Tuesday. The firm has a market cap of $193,500.00, a PE ratio of 24.48, a P/E/G ratio of 2.54 and a beta of 0.93. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.94 and a quick ratio of 0.94. HSBC Holdings PLC has a one year low of $38.95 and a one year high of $50.86.

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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