HSBC Holdings PLC (NYSE:HSBC) Raised to Buy at BidaskClub

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Janney Montgomery Scott LLC's holdings in HSBC Holdings PLC were worth $10,771,000 at the end of the most recent quarter.

A number of research firms have weighed in on HSBC. Fisher Asset Management LLC boosted its position in shares of HSBC Holdings PLC by 4.0% in the second quarter. Pnc Financial Services Group, Inc. controls 10,041 shares worth $466,000. Dimensional Fund Advisors LP increased its position in HSBC Holdings PLC by 3.6% in the first quarter. Finally, Wright Investors Service Inc. purchased a new stake in shares of HSBC Holdings PLC during the second quarter worth about $263,000. SOL Capital Management CO now owns 7,393 shares of the financial services provider's stock worth $343,000 after buying an additional 46 shares in the last quarter. Greenleaf Trust boosted its position in HSBC Holdings PLC by 26.8% in the second quarter. Harding Loevner LP now owns 2,042,223 shares of the financial services provider's stock valued at $83,364,000 after buying an additional 177,452 shares during the last quarter. Finally, Bluestein R H & Co. raised its position in shares of HSBC Holdings PLC by 100.0% in the second 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 last quarter.

HSBC Holdings PLC (NYSE:HSBC) opened at 47.77 on Monday. With 1.35M shares average volume, it will take short sellers 3 days to cover their HSBC's short positions. The firm's 50-day moving average price is $47.98 and its 200 day moving average price is $43.59. HSBC Holdings plc's price target points to a potential upside of 22.84% from the stock's current price. The High end of the Estimate is $52.72 Billion, while the Low end of the Estimate is $52.72 Billion.

HSBC Holdings PLC (NYSE:HSBC) last released its quarterly earnings results on Monday, July 31st. HSBC Holdings PLC had a return on equity of 2.08% and a net margin of 1.42%.

11/21/2016 - HSBC Holdings plc was upgraded to "market perform" by analysts at Sanford C. Bernstein.

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The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. The dividend yield will be $4.02.

In other Inchcape plc news, insider Stefan Bomhard sold 34,579 shares of the firm's stock in a transaction dated Wednesday, June 21st. If you are viewing this piece on another site, it was illegally copied and republished in violation of United States and global copyright & trademark law. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock.

TRADEMARK VIOLATION NOTICE: "Somewhat Favorable Media Coverage Somewhat Unlikely to Affect HSBC Holdings PLC (HSBC) Share Price" was first reported by BNB Daily and is the property of of BNB Daily.

11/08/2016 - HSBC Holdings plc had its "buy" rating reiterated by analysts at Beaufort Securities. Credit Suisse Group restated a neutral rating and issued a GBX 600 ($7.81) price target on shares of HSBC Holdings plc in a research report on Thursday, April 6th. The original version of this piece of content can be viewed at https://rinconhillneighbors.org/2017/08/12/hsbc-holdings-plc-nysehsbc-upgraded-by-bidaskclub-to-buy-updated.html. Deutsche Bank AG increased their price objective on Inchcape plc from GBX 860 ($11.20) to GBX 920 ($11.98) and gave the stock a "buy" rating in a research note on Monday, May 15th. The shares were bought at an average price of GBX 766 ($9.98) per share, with a total value of £76,600 ($99,752.57).

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

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