Assetmark Has Boosted Hsbc Hldgs Plc Spon Adr New (HSBC) Stake by $3.69 Million; Shares Declined; Apriem Advisors Raised Its Ibm (IBM) Stake by $711,603

November 15, 2017 - By Stephen Andrade

Apriem Advisors increased its stake in Ibm Corp (IBM) by 14.27% based on its latest 2017Q2 regulatory filing with the SEC. Apriem Advisors bought 4,651 shares as the company’s stock declined 15.88% while stock markets rallied. The institutional investor held 37,237 shares of the computer manufacturing company at the end of 2017Q2, valued at $5.73 million, up from 32,586 at the end of the previous reported quarter. Apriem Advisors who had been investing in Ibm Corp for a number of months, seems to be bullish on the $136.78 billion market cap company. The stock declined 0.79% or $1.17 reaching $147.74 on the news. About 997,295 shares traded. International Business Machines Corp. (NYSE:IBM) has risen 4.86% since November 15, 2016 and is uptrending. It has underperformed by 11.84% the S&P500.

Assetmark Inc increased its stake in Hsbc Hldgs Plc Spon Adr New (HSBC) by 88.44% based on its latest 2017Q2 regulatory filing with the SEC. Assetmark Inc bought 80,244 shares as the company’s stock declined 1.28% while stock markets rallied. The institutional investor held 170,972 shares of the savings institutions company at the end of 2017Q2, valued at $7.93M, up from 90,728 at the end of the previous reported quarter. Assetmark Inc who had been investing in Hsbc Hldgs Plc Spon Adr New for a number of months, seems to be bullish on the $192.69 billion market cap company. The stock declined 0.10% or $0.05 reaching $48.27 on the news. About 166,430 shares traded. HSBC Holdings plc (ADR) (NYSE:HSBC) has risen 38.28% since November 15, 2016 and is uptrending. It has outperformed by 21.58% the S&P500.

Assetmark Inc, which manages about $13.57B and $7.95 billion US Long portfolio, decreased its stake in Digital Rlty Tr Inc Com (NYSE:DLR) by 3,414 shares to 800 shares, valued at $90,000 in 2017Q2, according to the filing. It also reduced its holding in Ishares 10 Yr Cr Bd Etf (CLY) by 12,304 shares in the quarter, leaving it with 427,277 shares, and cut its stake in Coherent Inc Com (NASDAQ:COHR).

Among 11 analysts covering HSBC Holdings (NYSE:HSBC), 3 have Buy rating, 2 Sell and 6 Hold. Therefore 27% are positive. HSBC Holdings had 19 analyst reports since September 30, 2015 according to SRatingsIntel. The stock of HSBC Holdings plc (ADR) (NYSE:HSBC) earned “Neutral” rating by JP Morgan on Monday, June 27. The firm earned “Underperform” rating on Monday, April 25 by CLSA. Citigroup downgraded the shares of HSBC in report on Tuesday, September 13 to “Neutral” rating. As per Tuesday, March 29, the company rating was downgraded by BNP Paribas. The rating was upgraded by Bernstein on Monday, November 21 to “Market Perform”. The rating was upgraded by Natixis to “Neutral” on Thursday, November 17. The firm has “Neutral” rating by Credit Suisse given on Tuesday, November 29. The firm has “Neutral” rating given on Monday, June 27 by BNP Paribas. The company was downgraded on Thursday, March 24 by Bank of America. The stock has “Underweight” rating by Morgan Stanley on Monday, February 8.

More important recent HSBC Holdings plc (ADR) (NYSE:HSBC) news were published by: Investorplace.com which released: “HSBC Holdings plc Sponsored ADR (HSBC) a Buy on Strong Quant Score” on October 24, 2017, also Investorplace.com published article titled: “HSBC Holdings plc Sponsored ADR (HSBC) a Buy on Healthy Earnings Visibility”, Investorplace.com published: “Quant Score Keeps HSBC Holdings plc Sponsored ADR (HSBC) a Buy” on October 31, 2017. More interesting news about HSBC Holdings plc (ADR) (NYSE:HSBC) was released by: Investorplace.com and their article: “Robust Earnings Momentum Make HSBC Holdings plc Sponsored ADR (HSBC) a Buy” with publication date: November 14, 2017.

Apriem Advisors, which manages about $424.33 million and $377.40M US Long portfolio, decreased its stake in Eaton Corp Plc F (NYSE:ETN) by 4,698 shares to 92,873 shares, valued at $7.23 million in 2017Q2, according to the filing. It also reduced its holding in Schwab Us Dividend (SCHD) by 179,771 shares in the quarter, leaving it with 25,465 shares, and cut its stake in Schwab Us Small Cap Etf (SCHA).

Among 30 analysts covering International Business Machines (NYSE:IBM), 9 have Buy rating, 5 Sell and 16 Hold. Therefore 30% are positive. International Business Machines had 108 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Market Perform” rating by Bernstein on Wednesday, April 12. The firm has “Neutral” rating by JP Morgan given on Tuesday, April 19. On Wednesday, October 21 the stock rating was maintained by S&P Research with “Buy”. The rating was initiated by Wedbush with “Hold” on Thursday, August 3. Barclays Capital maintained the shares of IBM in report on Tuesday, July 19 with “Underweight” rating. The firm has “Neutral” rating given on Wednesday, October 18 by UBS. On Thursday, February 18 the stock rating was upgraded by Morgan Stanley to “Overweight”. As per Wednesday, September 20, the company rating was maintained by Jefferies. The firm earned “Hold” rating on Wednesday, January 20 by Deutsche Bank. On Tuesday, October 18 the stock rating was maintained by Barclays Capital with “Underweight”.

More notable recent International Business Machines Corp. (NYSE:IBM) news were published by: Reuters.com which released: “IBM urges lawmakers to ‘narrow’ bill targeting Chinese investment” on November 14, 2017, also Nasdaq.com with their article: “International Business Machines Corporation (IBM) Ex-Dividend Date Scheduled …” published on November 08, 2017, Investorplace.com published: “International Business Machines Corp. Is a Buy on This Dip” on October 24, 2017. More interesting news about International Business Machines Corp. (NYSE:IBM) were released by: Investorplace.com and their article: “3 Reasons Why International Business Machines Corp. Stock Has More Upside” published on October 25, 2017 as well as Fool.com‘s news article titled: “Why International Business Machines Corp. Shares Jumped 10% Higher Today” with publication date: October 18, 2017.

Investors sentiment decreased to 0.72 in Q2 2017. Its down 0.25, from 0.97 in 2017Q1. It dived, as 100 investors sold IBM shares while 695 reduced holdings. 91 funds opened positions while 484 raised stakes. 530.91 million shares or 0.81% less from 535.24 million shares in 2017Q1 were reported. 6,160 were accumulated by Founders Fincl Securities Ltd Co. Benjamin F Edwards And stated it has 38,945 shares or 0.78% of all its holdings. Ohio-based Van Cleef Asset Managementinc has invested 0.27% in International Business Machines Corp. (NYSE:IBM). Gardner Russo & Gardner Lc reported 0.01% of its portfolio in International Business Machines Corp. (NYSE:IBM). Richard C Young And Limited stated it has 25,328 shares or 0.76% of all its holdings. Wheatland Advsr holds 0.84% or 6,040 shares in its portfolio. Palisade Mgmt Ltd Limited Liability Company Nj reported 0.09% in International Business Machines Corp. (NYSE:IBM). Birch Hill Invest Lc stated it has 0.15% in International Business Machines Corp. (NYSE:IBM). Cmt Asset Mgmt Ltd invested in 5,825 shares or 0.06% of the stock. 50,650 are owned by Davenport Limited Liability Corp. Osher Van De Voorde Management reported 46,770 shares. Greenleaf Tru holds 0.02% or 5,002 shares in its portfolio. Putnam Investments Limited Liability Corp accumulated 151,808 shares. First Manhattan invested in 0.89% or 680,135 shares. Asset Mgmt Inc holds 0.26% of its portfolio in International Business Machines Corp. (NYSE:IBM) for 9,282 shares.

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