HSBC Holdings plc (LON:HSBA) Earns "Sell" Rating from Shore Capital

BTC Capital Management Inc. raised its position in shares of HSBC Holdings PLC (NYSE:HSBC) by 67.1% during the second quarter, according to its most recent disclosure with the SEC. UBS Asset Management Americas Inc. now owns 2,477 shares of the financial services provider's stock valued at $115,000 after buying an additional 43 shares in the last quarter. BTC Capital Management Inc.'s holdings in HSBC Holdings PLC were worth $540,000 at the end of the most recent reporting period. Also Executive Lord Evans bought 2,239 stocks of the firms shares in a trade that took place on Fri, May 19th.

HSBC Holdings plc (HSBC) is the banking and financial services company. Dimensional Fund Advisors LP now owns 13,310,658 shares of the financial services provider's stock worth $617,481,000 after buying an additional 99,537 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in HSBC Holdings PLC by 16.0% in the second quarter. Hennessy Advisors Inc owns 128,200 shares with a value of $5,947,000. Janney Montgomery Scott LLC raised its stake in shares of HSBC Holdings PLC by 6.0% in the first quarter. 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.

HSBC Holdings PLC (HSBC) opened at 47.77 on Friday. 25,311,629 shares of the company were exchanged.

The P/E ratio is now 97.61 and the market cap is 193.90B. The firm's 50-day moving average price is €33.46 and its 200-day moving average price is €32.26. HSBC Holdings plc has a 52-week low of GBX 518.17 and a 52-week high of GBX 772.00.

HSBC Holdings PLC (NYSE:HSBC) last released its quarterly earnings results on Monday, July 31st. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.08.

HSBC Holdings plc was upgraded to "outperform" by analysts at BNP Paribas. The business had revenue of $13.17 billion for the quarter. The Stocks were purchased at a mean average price of GBX 666 ($8.67) for a share, amounting £14,911.74 ($19,418.86). executive have bought a total of 12,303 stocks of company shares valued $9,196,209 during the last 90 days. Traders who own the stock with a record date on Thurs, Aug 3rd will be paid a $0.10 dividend. this indicates a yield of 1.02%. The dividend payment will be $0.500 per share for the quarter or $2.00 annualized. The ex-dividend date is Wednesday, August 2nd. On average, equities analysts predict that HSBC Holdings PLC will post $2.95 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another site, it was copied illegally and reposted in violation of USA and global copyright law. The original version of this piece can be accessed at https://theolympiareport.com/2017/08/12/hsbc-holdings-plc-nysehsbc-downgraded-by-bidaskclub.html. BidaskClub cut shares of HSBC Holdings PLC from a "strong-buy" rating to a "buy" rating in a report on Thursday, June 15th. Morgan Stanley upgraded shares of HSBC Holdings PLC from an "equal weight" rating to an "overweight" rating in a report on Wednesday, June 28th. The company also announced a dividend for shareholders that will be paid on Wednesday the 20th of September 2017. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company.

Shore Capital reissued their sell recommendation on stocks of HSBC Holdings (LON:HSBA) in a study note sent to clients on early Mon, Jul 31st.

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