Wednesday , September 28 2022

Tampa Bay LLC's wealth advisers bought 8,120 shares of HSBC Holdings plc (HSBC)



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The wealth advocates of Tampa Bai LLC raised their position in the third quarter of HSBC Holdings plc (NISE: HSBC) by 18.3%, according to the company's latest 13F filing form with the Securities and Exchange Commission. The institutional investor had 52,475 stocks of shares of financial services providers after purchasing an additional 8,120 shares during the quarter. HSBC makes 1.6% of Tampa Bai LLC's wealth advisors, making its shares the largest 29th position. Advisors to the Tampa Bai LLC holding company in HSBC are worth 2,302,000 dollars at the end of the most recent reporting period.

Other hedge funds and other institutional investors have recently changed their positions in the company. Fisher Asset Management LLC increased its stake in HSBC by 3.0% during the third quarter. Fisher Asset Management LLC now owns 15,726,602 stocks of financial services providers worth $ 691,813,000 after purchasing an additional 463,230 shares in the last quarter. Advocates of the Dimension Fund LP in the second quarter increased their shares in the HSBC share by 0.5%. The LP dimensional funds advisers now have 12,338,821 stocks of financial services providers worth $ 581,652,000 after they have purchased an additional 63,409 shares over the period. North Trust Corp. increased its shares in the HSBC by 4.1% in the second quarter. Northern Trust Corp. is now the owner of 4,367,607 shares of the financial services provider in the amount of 205,888,000 dollars after purchasing an additional 173,934 shares in that period. Oppenheimer Asset Management Inc. increased its shares in the HSBC by 0.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 358,773 stocks of financial services providers worth $ 16,913,000 after purchasing an additional 1,757 shares during the period. In the end, Capital Advisors Inc. OK in the second quarter increased its shares in the HSBC by 0.8%. Capital Advisors Inc. OK now owns 281,551 stocks of financial services provider in the value of 13,272,000 dollars after having bought an additional 2,280 shares during the period. 2.55% of shares are currently owned by institutional investors.

Several brokers recently commented on HSBC. On Monday, August 6, DZ Bank confirmed the "sale" rating for HSBC shares. Zacks Investment Research raised HSBC's "sell" ratings to "hold" ratings in a report on Tuesday, August 28th. Credit Suisse Group reported on Thursday, September 20th, on HSBC's "weak" rating to "neutral" ratings. On Monday, September 10, Societe Generale reduced the HSBC's rating from the rating to "hold" in a single report. Finally, Keefe, Bruiette & Voods on Tuesday, September 11, took HSBC's shares from the rating "market performances" to the "overperform" rating. Three analysts rated stocks with a rating of sales, nine gave a rating of maintenance, and four issued a rating for the purchase of the stock. HSBC currently has an average rating of "Hold".

Shares of NISA: HSBC opened on Friday 42.24 dollars. The company has a market capitalization of 166.56 billion dollars, a PE ratio of 21.00, a PEG ratio of 1.22 and a beta of 0.78. HSBC Holdings plc has a 12-month low of $ 38.23 and a 12-month high of $ 55.89. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt ratio in relation to the capital of 0.42.

HSBC (NISE: HSBC) last reported quarterly earnings data on Monday, October 29th. The financial services provider reported $ 0.95 per share (EPS) for a quarter, which affected Zacks' consensus estimates of $ 0.95. The company had a revenue of $ 13.84 billion for a quarter. As a group, research analysts expect HSBC Holdings plc to publish 3.66 EPS for the current year.

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About HSBC

HSBC Holdings plc provides banking and financial products and services. The company operates through the management of banks and the management of goods, commercial banks, global banks and markets and segments of global private banking. Segment Retail Banking and wealth management offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services and rich solutions and financial planning services as well as telephone, internet and mobile banking services.

Read more: Return Stock Split

Institutional ownership per quarter for HSBC (NISE: HSBC)



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