Sanders Capital Reduces $7M in HSBC Holdings plc ($HSBC)
Key Points
- Sanders Capital changed its HSBC Holdings plc ($HSBC) stake by 2.8% last quarter, cutting to 2,807,030 shares worth $260.13 million.
- Wall Street's consensus rating on $HSBC is Buy and an average price target of $102.00.
- $HSBC last traded around $92.67.
Sanders Capital trimmed its position in HSBC Holdings plc ($HSBC) by 2.8% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,807,030 shares of HSBC Holdings plc after selling 80,440 shares during the quarter. Sanders Capital's holdings in HSBC Holdings plc were worth $260.13 million as of its most recent filing.
HSBC Holdings plc ($HSBC) Stock
HSBC Holdings plc Earnings
HSBC Holdings plc Dividend
Analysts Set New Price Targets
About HSBC Holdings plc
HSBC Holdings plc engages in the provision of banking and financial products and services worldwide. It operates through four segments: Hong Kong, UK, Corporate and Institutional Banking, and International Wealth and Premier Banking. The Hong Kong segment is involved in the retail banking and wealth and commercial banking of HSBC Hong Kong and Hang Seng Bank. The UK segment engages in UK retail banking and wealth, as well as first direct and M&S Bank, UK Commercial Banking, and HSBC Innovation Bank. The Corporate and Institutional Banking segment is involved in transaction banking and capital markets. The International Wealth and Premier Banking segment is involved in the business comprising premier banking outside of Hong Kong and the UK, its private bank, asset management, and insurance businesses. The company was founded in 1865 and is headquartered in London, the United Kingdom.
See Also
This instant news alert was generated by automated narrative technology and financial data from Trueearnings and public regulatory filings. It is for informational purposes only and is not financial advice.