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


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 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.