Today: Ngam Advisors L.P. decides to keep it stake in HSBC Holdings PLC (HSBC) to the level of $9,738,000

Today: Ngam Advisors L.P. decides to keep it stake in HSBC Holdings PLC (HSBC) to the level of $9,738,000

Ngam Advisors L.P. lowered its stake in HSBC Holdings PLC (NYSE:HSBC) by 4.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 258,914 shares of the company’s stock after selling 13,329 shares during the period. Ngam Advisors L.P.’s holdings in HSBC Holdings PLC were worth $9,738,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Logan Capital Management Inc. boosted its stake in HSBC Holdings PLC by 2.5% in the first quarter. Logan Capital Management Inc. now owns 22,754 shares of the company’s stock valued at $709,000 after buying an additional 562 shares during the period. First Republic Investment Management Inc. boosted its stake in HSBC Holdings PLC by 30.7% in the first quarter. First Republic Investment Management Inc. now owns 58,484 shares of the company’s stock valued at $1,819,000 after buying an additional 13,728 shares during the period. BNP Paribas Arbitrage SA boosted its stake in HSBC Holdings PLC by 24,604.7% in the second quarter. BNP Paribas Arbitrage SA now owns 20,999 shares of the company’s stock valued at $657,000 after buying an additional 20,914 shares during the period. Fisher Asset Management LLC boosted its stake in HSBC Holdings PLC by 1.2% in the second quarter. Fisher Asset Management LLC now owns 13,160,956 shares of the company’s stock valued at $409,043,000 after buying an additional 160,115 shares during the period. Finally, Private Bank & Trust Co. bought a new stake in HSBC Holdings PLC during the second quarter valued at approximately $343,000. Institutional investors and hedge funds own 2.06% of the company’s stock.

HSBC Holdings PLC (NYSE:HSBC) traded down 1.71% during mid-day trading on Monday, hitting $39.15. The company had a trading volume of 1,459,115 shares. HSBC Holdings PLC has a one year low of $28.62 and a one year high of $40.74. The company has a market cap of $53.24 billion, a PE ratio of 38.57 and a beta of 1.09. The company’s 50 day moving average price is $38.39 and its 200-day moving average price is $35.00.

The firm 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 dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.02%. The ex-dividend date of this dividend is Wednesday, October 19th. HSBC Holdings PLC’s payout ratio is currently 81.63%.

HSBC has been the subject of several analyst reports. Bank of America Corp. upgraded HSBC Holdings PLC from a “neutral” rating to a “buy” rating in a research note on Thursday, August 4th. Beaufort Securities reiterated a “buy” rating on shares of HSBC Holdings PLC in a research report on Friday, August 5th. Vetr cut HSBC Holdings PLC from a “strong-buy” rating to a “buy” rating and set a $36.48 price objective for the company. in a research report on Wednesday, August 10th. Investec reiterated a “buy” rating on shares of HSBC Holdings PLC in a research report on Friday, August 26th. Finally, Zacks Investment Research upgraded HSBC Holdings PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, August 30th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. HSBC Holdings PLC currently has an average rating of “Hold” and an average price target of $30.16.

HSBC Holdings PLC Company Profile

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