Latest development3 months ago
HSBC Slashes Global Payments Stake by 54% in Portfolio Rebalancing
HSBC Holdings PLC sold over 776,000 shares of Global Payments Inc., reducing its position by 54.4% to 651,984 shares.
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Global Payments saw mixed institutional investor activity following a strong earnings report that beat analyst estimates with an EPS of $2.96. While Manning & Napier increased its stake by 31.9%, other major firms including HSBC and Bryn Mawr Trust significantly reduced their positions despite the revenue beat. Wall Street analysts maintain a 'Hold' rating on the stock with a consensus target price of $83.33.
HSBC Holdings PLC sold over 776,000 shares of Global Payments Inc., reducing its position by 54.4% to 651,984 shares.
Read the full storyBryn Mawr Trust Advisors sold over 22,000 shares of Global Payments in Q1 2026, signaling institutional caution despite the company exceeding financial estimates.
Manning & Napier Advisors increased its GPN position by 31.9% in Q1 as the company reported a strong EPS of $2.96, beating market estimates.