HSBC Holdings PLC (NYSE:HSBC) Stake Cut by Janney Capital Management LLC

The firm presently has a "hold" rating on the financial services provider's stock.

A number of investment brokers have recently updated their price targets on shares of HSBC Holdings plc (NYSE:HSBC). Finally, Bluestein R H & Co. raised its position in HSBC Holdings PLC by 100.0% in the second quarter.

Hennessy Advisors Inc downsized its stake by shedding 4,500 shares a decrease of 3.4% in the quarter. Its investment was worth $129,448,000 an increase of 13.4% as of quarter end. Reliance Trust Co. of DE increased its stake in Ryanair Holdings PLC by 22.5% in the first quarter. Parametric Portfolio Associates LLC now owns 1,850,523 shares of the financial services provider's stock valued at $75,538,000 after buying an additional 334,869 shares during the last quarter. Can acquired a new stake in Ryanair Holdings PLC during the first quarter valued at $2,057,000. Telemus Capital LLC now owns 12,610 shares of the financial services provider's stock worth $515,000 after buying an additional 2,511 shares in the last quarter. The total value of its holdings increased 11.2%. Also Executive Lord Evans bought 2,239 stocks of the firms shares in a trade that took place on Fri, May 19th.

Shares of Barclays PLC (LON:BARC) opened at 201.45 on Friday. The stock has a market capitalization of $193.65 billion, a price-to-earnings ratio of 97.49 and a beta of 0.89. The correct version of this piece can be viewed at https://www.thestockobserver.com/2017/08/12/shore-capital-reiterates-sell-rating-for-hsbc-holdings-plc-lonhsba-updated.html.

It is now trading at $48.44 which is just a bit higher than the 50 day moving average of $47.72 and barely above the 200 day moving average of $43.51. The transportation company reported $1.78 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.48 by $0.30.

HSBC Holdings plc (HSBC) is the banking and financial services company. The total value of its holdings increased 4.5%.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. 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 which comes to $2.00 on an annualized basis. The ex-dividend date has been established as Wednesday the 2nd of August 2017.

08/31/2016 - HSBC Holdings plc had its "buy" rating reiterated by analysts at Citigroup.

TRADEMARK VIOLATION WARNING: "BTC Capital Management Inc". If you are viewing this news story on another domain, it was copied illegally and republished in violation of United States and worldwide trademark & copyright laws. Zacks Investment Research raised HSBC Holdings PLC from a "hold" rating to a "buy" rating and set a $48.00 target price on the stock in a report on Wednesday, May 31st.

HSBC Holdings PLC (NYSE:HSBC) was downgraded by equities researchers at BidaskClub from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday. UBS Group AG set a GBX 240 ($3.13) target price on shares of Barclays PLC and gave the stock a "neutral" rating in a report on Tuesday, April 18th. ValuEngine raised shares of Ryanair Holdings PLC from a "hold" rating to a "buy" rating in a report on Tuesday, June 6th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company's stock. The company now has a consensus rating of "Hold" and an average price target of GBX 680.15 ($8.86). 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).

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