HSBC Holdings PLC (HSBC) Downgraded to Underperform at Credit Suisse Group

HSBC Holdings

Barclays PLC Reaffirms “Equal weight” Rating for HSBC Holdings plc (HSBA)

11/08/2016 - HSBC Holdings plc had its "buy" rating reiterated by analysts at Beaufort Securities. Continued success of its cost saving efforts should improve the bank's operating efficiency and support profitability. 445,015 shares of the stock traded hands.

Other large investors also recently modified their holdings of the company.

HSBC Holdings plc (LON:HSBA) announced a dividend on Tuesday, October 3rd, Upcoming.Co.Uk reports. Also, insider Douglas J. Flint bought 58 shares of the firm's stock in a transaction that occurred on Wednesday, September 20th. The firm earned "Sector Perform" rating on Monday, February 15 by RBC Capital Markets. Morgan Stanley set a GBX 850 ($11.27) price target on shares of HSBC Holdings plc and gave the company a "buy" rating in a report on Thursday. BNP Paribas set a GBX 825 ($10.85) price objective on shares of HSBC Holdings plc and gave the company a "buy" rating in a research report on Thursday, October 5th. CCI generally measures the current price relative to the average price level over a specific time period.

HSBC Holdings PLC (NYSE:HSBC) opened at 50.60 on Monday.

Crunching the numbers for HSBC Holdings Plc Perp Sub Cap (HSEB), we have recently spotted that the -DI is higher than the +DI. The stock has a 50-day moving average price of GBX 736.68 and a 200 day moving average price of GBX 704.31. The firm's market capitalization is GBX 153.72 billion. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.87 by $0.08. The firm had revenue of $13.17 billion for the quarter.

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Want to see what other hedge funds are holding HSBC? Greenleaf Trust raised its stake in HSBC Holdings PLC by 26.8% during the 2nd quarter. Sit Investment Associates Inc. now owns 74,765 shares of the financial services provider's stock valued at $3,052,000 after buying an additional 23,825 shares during the period.

08/04/2016 - HSBC Holdings plc was upgraded to "buy" by analysts at Bank of America Merrill Lynch. Its Global Private Banking business provides investment management, advisory, discretionary, and brokerage services; private wealth solutions, comprising trusts and estate planning; and private banking services to high net worth and ultra-high net worth individuals and their families. Caz Investments LP's holdings in HSBC Holdings plc were worth $1,149,000 as of its most recent SEC filing. Tower Research Capital LLC TRC now owns 2,413 shares of the financial services provider's stock worth $112,000 after buying an additional 1,139 shares during the period. Segantii Capital Management Ltd boosted its stake in HSBC Holdings plc by 1,894.7% in the third quarter. Oppenheimer & Co. Inc. raised its stake in HSBC Holdings PLC by 12.3% during the 2nd quarter. Archford Capital Strategies LLC now owns 2,488 shares of the financial services provider's stock worth $360,000 after buying an additional 1,779 shares during the period.

Shifting gears to the Relative Strength Index, the 14-day RSI is now sitting at 33.56, the 7-day is 28.81, and the 3-day is now at 37.56 for HSBC Holdings Plc Perp Sub Cap (HSEB). 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). The company operates through approximately 6,000 branches in North America, Latin America, Europe, the Middle East, North Africa, and Asia.

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