Janney Capital Management LLC Has Raised Hsbc Hldgs Plc Spons Adr (HSBC) Stake

May 16, 2018 - By Robin Claypool

HSBC Holdings plc (NYSE:HSBC) Logo

Janney Capital Management Llc increased its stake in Hsbc Hldgs Plc Spons Adr (HSBC) by 22.2% based on its latest 2017Q4 regulatory filing with the SEC. Janney Capital Management Llc bought 74,943 shares as the company’s stock declined 7.84% with the market. The institutional investor held 412,571 shares of the savings institutions company at the end of 2017Q4, valued at $21.31M, up from 337,628 at the end of the previous reported quarter. Janney Capital Management Llc who had been investing in Hsbc Hldgs Plc Spons Adr for a number of months, seems to be bullish on the $200.53B market cap company. The stock increased 0.26% or $0.13 during the last trading session, reaching $50.32. About 329,200 shares traded. HSBC Holdings plc (NYSE:HSBC) has risen 17.01% since May 16, 2017 and is uptrending. It has outperformed by 5.46% the S&P500.

Janney Capital Management Llc, which manages about $3.30B and $2.34B US Long portfolio, decreased its stake in Ncr Corp New (NYSE:NCR) by 382,941 shares to 14,139 shares, valued at $480,000 in 2017Q4, according to the filing. It also reduced its holding in Aes Corp (NYSE:AES) by 955,065 shares in the quarter, leaving it with 17,656 shares, and cut its stake in Wsdmtre Euro Hdgd Eq Etf (HEDJ).

More notable recent HSBC Holdings plc (NYSE:HSBC) news were published by: Benzinga.com which released: “JPMorgan, HSBC, Citigroup, Early Warning Execs Talk Fintech Collaboration” on May 15, 2018, also Benzinga.com with their article: “Edward Achtner” published on May 15, 2018, Seekingalpha.com published: “First trade finance transaction via blockchain” on May 14, 2018. More interesting news about HSBC Holdings plc (NYSE:HSBC) were released by: Fool.com and their article: “For PayPal, the Choice Is Clear” published on May 13, 2018 as well as Seekingalpha.com‘s news article titled: “HSBC Holdings Plc (HSBC) Q1 2018 Results – Earnings Call Transcript” with publication date: May 04, 2018.

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