Will HSBC Holdings PLC’s Third Quarter Results Give These Top Institutional Shareholders Something To Talk About?
HSBC Holdings PLC. (NYSE:HBC) has highlighted their third quarter results. Their underlying pre-tax profit rose to 125% year-on-year to $5 billion, driven by increased revenues in Global Banking, Markets and Commercial Banking, as well as lower loan impairment charges mainly in North America, generated sustainable cost savings of $0.5 billion during the quarter, taking the total annualized savings to $3.1 billion. The results include an additional provision of $800 million relating to the United States anti-money laundering Bank Secrecy Act and Office of Foreign Assets Control investigations. Another $353 million has been provided for compensating United Kingdom customers due to mis-selling of Payment Protection Insurance. As of September 30, the bank’s core Tier 1 capital ratio was 11.7%.
Will HSBC Holdings PLC.’s shareholders decrease their holdings? They reported owning a total of 24.379 million shares on 09/30/2012. The shares closed at $46.03 on 09/30/2012.
Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.
Here are the eight largest positions in HSBC Holdings PLC. at the end of September 30th, 2012.
Fisher asset management LLC. held 12,769,917 shares on 09/30/2012 worth $593,290,332. This brought the portfolio total to 1.64%.
Mercator Asset Management L.P. held 2,292,067 shares on 09/30/2012 worth $106,489,431. This brought the portfolio total to 24.63%.
Hansberger Global Investors Inc./FL. held 1,774,170 shares on 09/30/2012 worth $82,427,937. This brought the portfolio total to 9.24%.
Bank of New York Mellon Corp. held 809,563 shares on 09/30/2012 worth $37,612,296. This brought the portfolio total to 0.01%.
Harding Loevner L.P. held 656,742 shares on 09/30/2012 worth $30,512,233. This brought the portfolio total to 0.36%.
Lane Douglas C. & Associates Inc. held 483,392 shares on 09/30/2012 worth $22,458,392. This brought the portfolio total to 1.08%.
World Asset Management Inc. held 473,195 shares on 09/30/2012 worth $21,984,639. This brought the portfolio total to 0.53%.
Tocqueville Asset Management L.P. held 257,496 shares on 09/30/2012 worth $11,963,264. This brought the portfolio total to 0.12%.
Knowing which stocks have institutional support will help improve your investing skills, and teach you how to ride the waves of strong moves. In fact, “S = Support is Provided By Institutional Investors & Company Insiders” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.