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.
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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%.
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