Intrust Bank NA Sells 1,262 Shares of HSBC Holdings PLC (HSBC)

Intrust Bank NA lessened its holdings in HSBC Holdings PLC (NYSE:HSBC) by 5.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,417 shares of the financial services provider’s stock after selling 1,262 shares during the period. Intrust Bank NA’s holdings in HSBC Holdings PLC were worth $1,058,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vantage Financial Partners Ltd. Inc. purchased a new position in shares of HSBC Holdings PLC during the third quarter valued at approximately $236,000. Bronfman E.L. Rothschild L.P. lifted its stake in shares of HSBC Holdings PLC by 16.0% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,208 shares of the financial services provider’s stock valued at $102,000 after buying an additional 304 shares during the period. LS Investment Advisors LLC lifted its stake in shares of HSBC Holdings PLC by 2.6% during the second quarter. LS Investment Advisors LLC now owns 2,338 shares of the financial services provider’s stock valued at $108,000 after buying an additional 59 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of HSBC Holdings PLC by 89.4% during the second quarter. Tower Research Capital LLC TRC now owns 2,413 shares of the financial services provider’s stock valued at $112,000 after buying an additional 1,139 shares during the period. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of HSBC Holdings PLC by 1.8% during the second quarter. 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 during the period. 2.25% of the stock is currently owned by institutional investors.

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Several equities analysts recently issued reports on the stock. BidaskClub raised shares of HSBC Holdings PLC from a “sell” rating to a “hold” rating in a research note on Saturday. Credit Suisse Group downgraded shares of HSBC Holdings PLC from a “neutral” rating to an “underperform” rating in a research note on Tuesday, October 10th. Zacks Investment Research downgraded shares of HSBC Holdings PLC from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 9th. Finally, Jefferies Group LLC started coverage on shares of HSBC Holdings PLC in a research note on Monday, September 4th. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $42.50.

HSBC Holdings PLC (HSBC) traded up $0.04 during trading hours on Monday, reaching $48.72. 1,159,800 shares of the company’s stock were exchanged, compared to its average volume of 1,668,745. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $194,876.59, a P/E ratio of 24.48, a P/E/G ratio of 2.54 and a beta of 0.93. HSBC Holdings PLC has a 12 month low of $38.82 and a 12 month high of $50.86.

HSBC Holdings PLC Profile

HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.

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Institutional Ownership by Quarter for HSBC Holdings PLC (NYSE:HSBC)

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