Published: Tue, September 12, 2017
Markets | By Noel Gibbs

Geneva Advisors LLC Buys 1887 Shares of HSBC Holdings PLC


HSBC Holdings (LON:HSBA)'s share price was above 0.8% through out intraday market trading on early Friday. the share transacted as high as GBX 731.30 ($9.44) and last transacted at GBX 729.40 ($9.42). roughly 16,870,265 Stocks changed hands through out intraday market trading, a decline of 11% from the consensus daily volume of 18,869,900 Stocks. the share had previously closed at GBX 723.80 ($9.35). The firm owned 24,482 shares of the financial services provider's stock after acquiring an additional 1,887 shares during the quarter. LMR Partners LLP now owns 759,830 shares of the financial services provider's stock valued at $30,947,000 after acquiring an additional 709,710 shares in the last quarter. If you are reading this piece on another domain, it was copied illegally and reposted in violation of US and worldwide trademark & copyright law. Intl Fcstone Inc. acquired a new position in HSBC Holdings PLC in the 2nd quarter worth approximately $213,000.

HSBC Holdings PLC (HSBC) traded up 1.30% on Monday, reaching $48.48.

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HSBC Holdings plc (HSBC), launched on January 1, 1959, is the banking and financial services company. The rating was upgraded by Citigroup on Tuesday, November 8 to "Buy". Oppenheimer Asset Management Inc. purchased a new stake in shares of HSBC Holdings PLC during the 1st quarter valued at $13,775,000. Quadrant Capital Group LLC now owns 3,798 shares of the company's stock worth $112,000 after buying an additional 2,533 shares during the last quarter.

Geneva Advisors LLC increased its holdings in HSBC Holdings PLC (NYSE:HSBC) by 8.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. Shares of the company are trading at $26.96 a bit lower than $27.25, the 50 day moving average and which is slightly above the 200 day moving average of $26.84. The company has market cap of $192.46 billion. Archford Capital Strategies LLC increased its holdings in HSBC Holdings PLC by 250.9% in the 2nd quarter. HSBC Holdings, plc. also recently declared a dividend for shareholders that will be paid on Wednesday the 20th of September 2017. They may be trying to figure out which companies look like they are going to be strong over the next few quarters. The original version of this piece can be read at https://www.dispatchtribunal.com/2017/09/11/hsbc-holdings-plc-hsbc-holdings-boosted-by-oppenheimer-co-inc.html.

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Want to see what other hedge funds are holding HSBC? On average, equities analysts anticipate that HSBC Holdings PLC will post $2.95 earnings per share for the current fiscal year. The ex-dividend date is Thurs, Aug 3rd. this indicates a yield of 1.02%.

Shifting gears to the Relative Strength Index, the 14-day RSI is now sitting at 45.51, the 7-day is 40.99, and the 3-day is now at 48.87 for HSBC Holdings PLC (HSBA.L). On Monday, April 25 the stock rating was downgraded by CLSA to "Underperform". HSBC Holdings PLC's dividend payout ratio is presently 400.01%. The rating was maintained by Berenberg with "Buy" on Wednesday, March 30. HSBC Holdings has a average recommendation of "Hold" and an average price objective of GBX 693.71 ($8.96). 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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