23 July, 2017
Geneva Advisors LLC increased its position in HSBC Holdings PLC by 0.7% in the first quarter. Morgan Stanley raised HSBC Holdings PLC from an "equal weight" rating to an "overweight" rating in a report on Wednesday, June 28th. The value of the total investment in HSBC Holdings, plc. increased from $93,000 to $108,000 increasing 16.1% for the reporting period. MA boosted its position in HSBC Holdings PLC by 9.0% 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 during the period. Bollard Group LLC increased its stake in HSBC Holdings PLC by 2.6% in the second quarter. Ltd. now owns 10,579 shares of the financial services provider's stock valued at $432,000 after buying an additional 213 shares during the last quarter. Cypress Wealth Advisors LLC's holdings in HSBC Holdings PLC were worth $301,000 at the end of the most recent quarter.
Shares of HSBC Holdings PLC (HSBC) opened at 48.11 on Friday. The company had a trading volume of 19,370,865 shares. The firm has a market capitalization of $188.23 billion, a P/E ratio of 356.37 and a beta of 0.87.
The stock's 50 day moving average is 45.22 and its 200 day moving average is 42.61. HSBC Holdings plc (ADR) (NYSE:HSBC) has risen 38.28% since July 18, 2016 and is uptrending.
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 5th. The ex-dividend date was Wednesday the 17th of May 2017. This represents a yield of 1.17%.
Several analysts have recently weighed in on the stock. BidaskClub raised HSBC Holdings PLC from a "hold" rating to a "buy" rating in a report on Friday, June 30th. UBS AG set a GBX 630 ($8.23) target price on HSBC Holdings plc and gave the company a neutral rating in a report on Tuesday, April 18th.
COPYRIGHT VIOLATION WARNING: "HSBC Holdings plc Reiterates "Reduce" Rating for Ocado Group PLC (OCDO)" was first reported by Transcript Daily and is the property of of Transcript Daily. Three analysts rating the company a strong buy, six analysts rating the company a buy, nine analysts rating the company a hold, five analysts rating the company a underperform, and finally two analysts rating the company a sell with a 12-month price target of 6.21GBX. The company has an average rating of "Buy" and an average price target of $34.87. The Company's divisions include NEXT Retail, a chain of over 500 stores in the United Kingdom and Eire; NEXT Directory, an online and catalogue shopping business with over four million active clients and worldwide Websites serving approximately 70 countries; NEXT global Retail, with approximately 200 mainly franchised stores; NEXT Sourcing, which creates and sources NEXT branded products; Lipsy, which creates and sells Lipsy branded younger women's fashion products, and Property Management, which holds properties and property leases which are sub-let to other divisions and external parties. Its geographical segments include the United Kingdom, Europe and Africa, the Americas and Asia Pacific.
