Trade Report: Today: Boston Common Asset Management LLC Reached $224,000 position of HSBC Holdings PLC (HSBC)

Today: Boston Common Asset Management LLC Reached $224,000 position  of HSBC Holdings PLC (HSBC)

Boston Common Asset Management LLC reduced its position in shares of HSBC Holdings PLC (NYSE:HSBC) by 97.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,945 shares of the company’s stock after selling 251,678 shares during the period. Boston Common Asset Management LLC’s holdings in HSBC Holdings PLC were worth $224,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. SOL Capital Management CO increased its position in shares of HSBC Holdings PLC by 0.6% in the third quarter. SOL Capital Management CO now owns 7,345 shares of the company’s stock valued at $276,000 after buying an additional 47 shares in the last quarter. Genesee Valley Trust Co. increased its position in shares of HSBC Holdings PLC by 1.2% in the third quarter. Genesee Valley Trust Co. now owns 15,733 shares of the company’s stock valued at $592,000 after buying an additional 182 shares in the last quarter. Mariner Wealth Advisors LLC increased its position in shares of HSBC Holdings PLC by 2.7% in the second quarter. Mariner Wealth Advisors LLC now owns 7,317 shares of the company’s stock valued at $229,000 after buying an additional 190 shares in the last quarter. First Allied Advisory Services Inc. increased its position in shares of HSBC Holdings PLC by 3.2% in the second quarter. First Allied Advisory Services Inc. now owns 8,144 shares of the company’s stock valued at $260,000 after buying an additional 256 shares in the last quarter. Finally, Wrapmanager Inc. increased its position in shares of HSBC Holdings PLC by 5.0% in the second quarter. Wrapmanager Inc. now owns 9,640 shares of the company’s stock valued at $302,000 after buying an additional 455 shares in the last quarter. Institutional investors own 2.06% of the company’s stock.

Shares of HSBC Holdings PLC (NYSE:HSBC) traded down 1.46% during mid-day trading on Monday, reaching $39.25. 1,771,126 shares of the company’s stock were exchanged. The stock has a market cap of $53.38 billion, a PE ratio of 38.67 and a beta of 1.09. HSBC Holdings PLC has a one year low of $28.62 and a one year high of $40.74. The company has a 50 day moving average price of $38.39 and a 200-day moving average price of $35.00.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Friday, October 21st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.02%. The ex-dividend date is Wednesday, October 19th. HSBC Holdings PLC’s dividend payout ratio is presently 81.63%.

A number of analysts have weighed in on the stock. Vetr cut shares of HSBC Holdings PLC from a “strong-buy” rating to a “buy” rating and set a $36.48 target price on the stock. in a research note on Wednesday, August 10th. Beaufort Securities reaffirmed a “buy” rating on shares of HSBC Holdings PLC in a research note on Friday, August 5th. Natixis raised shares of HSBC Holdings PLC from a “reduce” rating to a “neutral” rating in a research note on Thursday, November 17th. Bank of America Corp. raised shares of HSBC Holdings PLC from a “neutral” rating to a “buy” rating in a research note on Thursday, August 4th. Finally, Citigroup Inc. raised shares of HSBC Holdings PLC from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 8th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. HSBC Holdings PLC has a consensus rating of “Hold” and a consensus target price of $30.16.

About HSBC Holdings PLC

HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through approximately four businesses, such as Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB).

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