Matthews International Capital Management LLC Has $25.39 Million Stock Position in HSBC Holdings plc (NYSE:HSBC)

Matthews International Capital Management LLC lowered its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 0.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 663,537 shares of the financial services provider’s stock after selling 5,400 shares during the period. HSBC makes up about 1.1% of Matthews International Capital Management LLC’s holdings, making the stock its 16th biggest position. Matthews International Capital Management LLC’s holdings in HSBC were worth $25,394,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HSBC. Renaissance Technologies LLC lifted its stake in shares of HSBC by 63.0% in the 2nd quarter. Renaissance Technologies LLC now owns 4,866,027 shares of the financial services provider’s stock valued at $203,108,000 after acquiring an additional 1,880,300 shares during the last quarter. JPMorgan Chase & Co. raised its stake in HSBC by 348.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,934,295 shares of the financial services provider’s stock worth $80,099,000 after acquiring an additional 1,502,641 shares in the last quarter. Carlson Capital L P acquired a new stake in HSBC during the 2nd quarter worth $62,076,000. Capital Advisors Inc. OK raised its stake in HSBC by 318.5% during the 2nd quarter. Capital Advisors Inc. OK now owns 284,462 shares of the financial services provider’s stock worth $11,873,000 after acquiring an additional 216,491 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in HSBC by 290.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 275,983 shares of the financial services provider’s stock worth $11,520,000 after acquiring an additional 205,279 shares in the last quarter. 2.34% of the stock is owned by institutional investors and hedge funds.

HSBC has been the topic of several research analyst reports. ValuEngine upgraded shares of HSBC from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Berenberg Bank downgraded shares of HSBC from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th. Jefferies Financial Group downgraded shares of HSBC from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Barclays downgraded shares of HSBC from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 17th. Finally, Morgan Stanley downgraded shares of HSBC from an “equal” rating to a “weight” rating in a research note on Wednesday, October 9th. Seven investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $43.80.

HSBC traded down $0.53 during trading on Monday, hitting $37.71. The company had a trading volume of 135,556 shares, compared to its average volume of 2,159,310. The company has a market cap of $155.72 billion, a PE ratio of 11.97, a P/E/G ratio of 7.30 and a beta of 0.71. The business has a 50-day moving average of $38.20 and a 200-day moving average of $39.79. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.95 and a quick ratio of 0.95. HSBC Holdings plc has a 1-year low of $35.35 and a 1-year high of $44.93.

HSBC (NYSE:HSBC) last posted its quarterly earnings results on Monday, October 28th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by ($0.40). The company had revenue of $13.27 billion during the quarter, compared to analyst estimates of $14.09 billion. HSBC had a net margin of 23.48% and a return on equity of 6.65%. Research analysts forecast that HSBC Holdings plc will post 3.68 earnings per share for the current year.

About HSBC

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.

Read More: What is Liquidity?

Want to see what other hedge funds are holding HSBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HSBC Holdings plc (NYSE:HSBC).

Institutional Ownership by Quarter for HSBC (NYSE:HSBC)

Receive News & Ratings for HSBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC and related companies with MarketBeat.com's FREE daily email newsletter.