HSBC (HSBC) Sees Unusually-High Trading Volume

Shares of HSBC Holdings plc (NYSE:HSBC) saw strong trading volume on Wednesday . 7,156,055 shares changed hands during trading, an increase of 335% from the previous session’s volume of 1,643,976 shares.The stock last traded at $51.10 and had previously closed at $50.54.

Several equities analysts have weighed in on the company. Zacks Investment Research lowered HSBC from a “strong-buy” rating to a “hold” rating in a report on Monday, October 9th. BidaskClub raised HSBC from a “sell” rating to a “hold” rating in a report on Saturday, November 11th. UBS reissued a “neutral” rating on shares of HSBC in a report on Wednesday, November 29th. Jefferies Group began coverage on HSBC in a report on Monday, September 4th. They set a “buy” rating for the company. Finally, Credit Suisse Group lowered HSBC from a “neutral” rating to an “underperform” rating in a report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $31.50.

The firm has a market cap of $204,380.00, a P/E ratio of 25.68, a PEG ratio of 2.66 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.

Large investors have recently bought and sold shares of the stock. Quantum Capital Management bought a new stake in HSBC during the third quarter valued at $212,000. Oppenheimer & Co. Inc. increased its holdings in shares of HSBC by 12.3% in the second quarter. Oppenheimer & Co. Inc. now owns 20,302 shares of the financial services provider’s stock worth $941,000 after buying an additional 2,216 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of HSBC by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 13,310,658 shares of the financial services provider’s stock worth $617,481,000 after buying an additional 99,537 shares during the period. Baldwin Investment Management LLC increased its holdings in shares of HSBC by 1.4% in the second 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 during the period. Finally, Assetmark Inc. increased its holdings in shares of HSBC by 88.4% in the second quarter. Assetmark Inc. now owns 170,972 shares of the financial services provider’s stock worth $7,931,000 after buying an additional 80,244 shares during the period. 2.24% of the stock is owned by institutional investors.

WARNING: “HSBC (HSBC) Sees Unusually-High Trading Volume” was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at https://www.com-unik.info/2017/12/22/hsbc-hsbc-sees-unusually-high-trading-volume.html.

HSBC 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.

What are top analysts saying about HSBC? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for HSBC and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit