HSBC Holdings PLC (HSBC) Downgraded by Berenberg Bank

Author

16 July, 2017

Accern also gave media coverage about the financial services provider an impact score of 88 out of 100, indicating that recent press coverage is very likely to have an impact on the company's share price in the immediate future. Finally, Parametric Portfolio Associates LLC increased its position in shares of HSBC Holdings PLC by 22.1% in the first quarter.

Several other brokerages have also recently commented on HSBC. Dimensional Fund Advisors LP raised its position in shares of HSBC Holdings PLC by 3.6% in the first quarter. Parametric Portfolio Associates LLC now owns 1,850,523 shares of the financial services provider's stock valued at $75,538,000 after buying an additional 334,869 shares in the last quarter. Jarislowsky Fraser Ltd raised its stake in HSBC Holdings PLC by 7.9% in the fourth quarter. LMR Partners LLP now owns 759,830 shares of the financial services provider's stock valued at $30,947,000 after buying an additional 709,710 shares during the period. Hodges Capital Management Inc. bought a new position in HSBC Holdings PLC during the first quarter valued at $205,000. Karp Capital Management Corp purchased a new position in HSBC Holdings PLC during the first quarter worth approximately $47,142,000. Dimensional Fund Advisors LP now owns 13,211,121 shares of the financial services provider's stock valued at $539,278,000 after buying an additional 454,788 shares during the period.

In other news, insider Kenneth Jack Alexander sold 977,564 shares of the business's stock in a transaction that occurred on Friday, May 5th.

Shares of HSBC Holdings PLC (NYSE:HSBC) opened at 47.24 on Tuesday. 834,820 shares of the stock were exchanged. Whitbread has a 1 year low of GBX 3,283.00 and a 1 year high of GBX 4,333.00. the firms market valuation is GBX 7.01 B. The stock's 50 day moving average price is $43.82 and its 200 day moving average price is $41.98. The company has market cap of $193.63 billion. The dividend payment was $0.500 per share for the quarter or $2.00 annualized. They presently have a GBX 4,800 ($62.18) price objective on the shares. The ex-dividend date of this dividend is Wednesday, May 17th. This is a increase from Whitbread plc's prior dividend of $29.90. this indicates a yield of 1.65%.

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On June 27 the company was upgraded from " to "Neutral" by analysts at JP Morgan. Zacks Investment Research cut shares of HSBC Holdings PLC from a "buy" rating to a "hold" rating in a research note on Tuesday, June 27th.

11/08/2016 - HSBC Holdings plc had its "buy" rating reiterated by analysts at Beaufort Securities.

On December 5 the stock rating was upgraded from "Underweight" to "Equal-Weight" in a report from Morgan Stanley. The stock has an average rating of Buy and a consensus target price of $34.87.

HSBC Holdings plc (HSBC) is the banking and financial services company.

GVC Holdings PLC is a sports betting and gaming company.


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