5,326 Shares in HSBC Holdings plc (NYSE:HSBC) Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC acquired a new position in HSBC Holdings plc (NYSE:HSBC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,326 shares of the financial services provider’s stock, valued at approximately $222,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Comerica Securities Inc. acquired a new stake in shares of HSBC in the 4th quarter worth $465,000. Geode Capital Management LLC increased its stake in shares of HSBC by 20.1% in the 4th quarter. Geode Capital Management LLC now owns 499,248 shares of the financial services provider’s stock worth $20,524,000 after acquiring an additional 83,620 shares during the last quarter. Virtu Financial LLC increased its stake in shares of HSBC by 51.7% in the 1st quarter. Virtu Financial LLC now owns 9,649 shares of the financial services provider’s stock worth $392,000 after acquiring an additional 3,290 shares during the last quarter. Massey Quick Simon & CO. LLC acquired a new stake in shares of HSBC in the 1st quarter worth $41,000. Finally, Sage Rhino Capital LLC acquired a new stake in shares of HSBC in the 1st quarter worth $346,000. Institutional investors and hedge funds own 2.46% of the company’s stock.

Shares of NYSE:HSBC traded down $0.76 during midday trading on Wednesday, reaching $36.25. 193,299 shares of the company’s stock were exchanged, compared to its average volume of 1,856,036. The stock has a 50 day moving average price of $40.64. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $144.94 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 2.45 and a beta of 0.68. HSBC Holdings plc has a fifty-two week low of $36.71 and a fifty-two week high of $46.17.

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