Morningstar Investment Services LLC lowered its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 3.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,519 shares of the financial services provider’s stock after selling 532 shares during the quarter. Morningstar Investment Services LLC’s holdings in HSBC were worth $564,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Renaissance Technologies LLC lifted its position in HSBC by 63.0% in 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 purchasing an additional 1,880,300 shares during the period. Northern Trust Corp lifted its holdings in shares of HSBC by 2.8% in the 2nd quarter. Northern Trust Corp now owns 4,539,065 shares of the financial services provider’s stock valued at $189,461,000 after buying an additional 121,683 shares during the period. Cambiar Investors LLC boosted its stake in shares of HSBC by 0.9% in the first quarter. Cambiar Investors LLC now owns 4,280,865 shares of the financial services provider’s stock valued at $173,717,000 after buying an additional 38,457 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in HSBC by 5.3% during the first quarter. Parametric Portfolio Associates LLC now owns 3,293,839 shares of the financial services provider’s stock worth $133,664,000 after acquiring an additional 165,254 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in HSBC by 348.1% during the second quarter. JPMorgan Chase & Co. now owns 1,934,295 shares of the financial services provider’s stock worth $80,099,000 after acquiring an additional 1,502,641 shares during the period. Hedge funds and other institutional investors own 2.40% of the company’s stock.

HSBC has been the topic of several research analyst reports. Jefferies Financial Group lowered shares of HSBC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Morgan Stanley downgraded shares of HSBC from an “overweight” rating to an “equal weight” rating in a report on Friday, June 21st. Goldman Sachs Group upgraded shares of HSBC from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 22nd. Barclays cut HSBC from an “equal weight” rating to an “underweight” rating in a report on Wednesday, July 17th. Finally, ValuEngine cut HSBC from a “hold” rating to a “sell” rating in a report on Friday, July 26th. Eight investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $43.80.

NYSE:HSBC traded up $0.45 during trading hours on Wednesday, reaching $38.57. 209,312 shares of the company traded hands, compared to its average volume of 3,539,250. The firm’s 50-day moving average is $37.61 and its 200-day moving average is $40.73. The stock has a market cap of $156.13 billion, a P/E ratio of 12.24, a P/E/G ratio of 2.48 and a beta of 0.71. 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 $45.33.

About HSBC

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.

Featured Story: What are the risks of holding treasury bonds?

Want to see what other hedge funds are holding HSBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HSBC Holdings plc (NYSE:HSBC).

Institutional Ownership by Quarter for HSBC (NYSE:HSBC)

Receive News & Ratings for HSBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC and related companies with MarketBeat.com's FREE daily email newsletter.