Etrade Capital Management Has Cut Its Hsbc Hldgs Plc (HSBC) Position; Cbre Clarion Global Real Estate Income Fund (IGR) Sentiment Is 1.14

November 14, 2017 - By Marguerite Chambers

CBRE Clarion Global Real Estate Income Fund is a diversified, closed-end management investment company. The company has market cap of $902.41 million. The Trust’s primary objective is high income. It currently

has negative earnings. The Company’s secondary objective is capital appreciation.

Etrade Capital Management Llc decreased Hsbc Hldgs Plc (HSBC) stake by 28.67% reported in 2017Q2 SEC filing. Etrade Capital Management Llc sold 11,701 shares as Hsbc Hldgs Plc (HSBC)’s stock declined 1.28%. The Etrade Capital Management Llc holds 29,117 shares with $1.35 million value, down from 40,818 last quarter. Hsbc Hldgs Plc now has $193.74 billion valuation. The stock rose 0.12% or $0.06 reaching $48.32. About 746,191 shares traded. HSBC Holdings plc (ADR) (NYSE:HSBC) has risen 38.28% since November 14, 2016 and is uptrending. It has outperformed by 21.58% the S&P500.

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. On Tuesday, March 29 the stock rating was downgraded by BNP Paribas to “Underperform”. The firm has “Neutral” rating given on Tuesday, September 13 by Citigroup. Natixis upgraded HSBC Holdings plc (ADR) (NYSE:HSBC) on Thursday, November 17 to “Neutral” rating. As per Tuesday, December 6, the company rating was upgraded by Morgan Stanley. The firm has “Underperform” rating by CLSA given on Monday, April 25. Macquarie Research downgraded HSBC Holdings plc (ADR) (NYSE:HSBC) on Thursday, January 14 to “Neutral” rating. The stock of HSBC Holdings plc (ADR) (NYSE:HSBC) has “Underweight” rating given on Monday, February 8 by Morgan Stanley. The stock of HSBC Holdings plc (ADR) (NYSE:HSBC) has “Neutral” rating given on Monday, June 27 by BNP Paribas. The rating was upgraded by Bank of America to “Buy” on Thursday, August 4. The rating was downgraded by JP Morgan to “Underweight” on Wednesday, January 6.

Etrade Capital Management Llc increased Coca Cola Co (NYSE:KO) stake by 22,741 shares to 90,962 valued at $4.08M in 2017Q2. It also upped Glaxosmithkline Plc (NYSE:GSK) stake by 10,431 shares and now owns 105,406 shares. Ishares Iboxx $ High Yield Corp (HYG) was raised too.

Analysts await HSBC Holdings plc (ADR) (NYSE:HSBC) to report earnings on February, 20. HSBC’s profit will be $2.21 billion for 21.96 P/E if the $0.55 EPS becomes a reality. After $0.75 actual EPS reported by HSBC Holdings plc (ADR) for the previous quarter, Wall Street now forecasts -26.67% negative EPS growth.

Cornerstone Advisors Inc holds 1.72% of its portfolio in CBRE Clarion Global Real Estate Incm Fd for 1.22 million shares. 1607 Capital Partners Llc owns 2.40 million shares or 1.11% of their US portfolio. Moreover, Wealthtrust Axiom Llc has 1.02% invested in the company for 353,591 shares. The Minnesota-based Windsor Financial Group Llc has invested 0.89% in the stock. Financial & Investment Management Group Ltd, a Michigan-based fund reported 108,351 shares.

About 273,469 shares traded. CBRE Clarion Global Real Estate Incm Fd (IGR) has declined 3.62% since November 14, 2016 and is downtrending. It has underperformed by 20.32% the S&P500.

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