Centrica PLC (CPYYY) Upgraded at HSBC Holdings plc

Several large investors have recently added to or reduced their stakes in HSBC. Toronto Dominion Bank increased its stake in HSBC Holdings PLC by 11.4% in the first quarter. Fisher Asset Management LLC now owns 13,016,816 shares of the financial services provider's stock valued at $531,346,000 after buying an additional 148,181 shares during the last quarter.

In other Virgin Money Holdings PLC news, insider Jayne-Anne Gadhia sold 610,000 shares of the stock in a transaction that occurred on Tuesday, May 16th. MA now owns 131,437 shares of the financial services provider's stock worth $5,365,000 after buying an additional 10,841 shares in the last quarter. Ferguson Wellman Capital Management Inc. acquired a new stake in shares of HSBC Holdings PLC during the first quarter valued at approximately $240,000. MA increased its position in shares of HSBC Holdings PLC by 9.0% in the first quarter.

HSBC Holdings plc (HSBC), launched on January 1, 1959, is the banking and financial services company. The firm's 50 day moving average price is GBX 495.34 and its 200-day moving average price is GBX 477.21. The firm has a market cap of $188.62 billion, a price-to-earnings ratio of 357.11 and a beta of 0.87. The value of the total investment in HSBC Holdings, plc. increased from $652,000 to $883,000 increasing 35.4% for the reporting period.

Want to see what other hedge funds are holding HSBC? The company now has an average rating of "Buy" and an average price target of GBX 370.54 ($4.80). The stock had a trading volume of 1,503,183 shares.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 5th. Shareholders of record on Thursday, May 18th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, May 18th. This represents a yield of 1.17%.

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Virgin Money Holdings PLC (LON:VM)'s stock had its "buy" rating reissued by analysts at Jefferies Group LLC in a research report issued to clients and investors on Wednesday, July 5th. Finally, Credit Suisse Group lifted their price target on shares of Virgin Money Holdings PLC from GBX 335 ($4.34) to GBX 345 ($4.47) and gave the company a "neutral" rating in a research report on Friday, March 24th. Macquarie restated an "outperform" rating and set a GBX 377 ($4.88) price objective on shares of Virgin Money Holdings PLC in a report on Thursday, March 9th.

On December 5 the company was set at "Equal-Weight" according to a Morgan Stanley report a boost from the previous "Underweight" rating. Investec downgraded HSBC Holdings plc to a "sell" rating and set a GBX 640 ($8.29) target price on the stock.in a report on Monday, June 12th. The Company manages its products and services through four business areas: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB).

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