HSBC Holdings plc (NYSE:HSBC) Stake Lessened by Nomura Holdings Inc.

Nomura Holdings Inc. decreased its stake in HSBC Holdings plc (NYSE:HSBC) by 63.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 109,146 shares of the financial services provider’s stock after selling 190,854 shares during the quarter. Nomura Holdings Inc.’s holdings in HSBC were worth $4,569,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HSBC. Renaissance Technologies LLC raised its holdings in shares of HSBC by 63.0% during the second quarter. Renaissance Technologies LLC now owns 4,866,027 shares of the financial services provider’s stock valued at $203,108,000 after acquiring an additional 1,880,300 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of HSBC by 348.1% during the second quarter. JPMorgan Chase & Co. now owns 1,934,295 shares of the financial services provider’s stock valued at $80,099,000 after acquiring an additional 1,502,641 shares during the last quarter. Carlson Capital L P acquired a new position in shares of HSBC during the second quarter valued at approximately $62,076,000. Capital Advisors Inc. OK raised its holdings in shares of HSBC by 318.5% during the second quarter. Capital Advisors Inc. OK now owns 284,462 shares of the financial services provider’s stock valued at $11,873,000 after acquiring an additional 216,491 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in shares of HSBC by 290.3% during the second quarter. Canada Pension Plan Investment Board now owns 275,983 shares of the financial services provider’s stock valued at $11,520,000 after acquiring an additional 205,279 shares during the last quarter. 2.40% of the stock is owned by institutional investors.

A number of equities analysts have commented on the company. ValuEngine cut HSBC from a “hold” rating to a “sell” rating in a report on Friday, July 26th. Barclays cut HSBC from an “equal weight” rating to an “underweight” rating in a report on Wednesday, July 17th. Morgan Stanley cut HSBC from an “overweight” rating to an “equal weight” rating in a report on Friday, June 21st. Finally, Jefferies Financial Group cut HSBC from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Eight equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $43.80.

HSBC stock opened at $38.14 on Friday. The stock’s fifty day moving average is $37.10 and its two-hundred day moving average is $40.54. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.89 and a quick ratio of 0.97. HSBC Holdings plc has a 1-year low of $35.35 and a 1-year high of $44.93. The stock has a market cap of $153.84 billion, a PE ratio of 12.11, a P/E/G ratio of 7.33 and a beta of 0.71.

HSBC (NYSE:HSBC) last posted its earnings results on Monday, August 5th. The financial services provider reported $1.05 EPS for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.10). HSBC had a return on equity of 7.16% and a net margin of 24.96%. The firm had revenue of $14.09 billion for the quarter, compared to analyst estimates of $14.03 billion. On average, research analysts expect that HSBC Holdings plc will post 3.62 earnings per share for the current fiscal year.

HSBC Profile

HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.

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Institutional Ownership by Quarter for HSBC (NYSE:HSBC)

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