HSBC Holdings plc (NYSE:HSBC) Receives Average Rating of “Hold” from Analysts

HSBC Holdings plc (NYSE:HSBC) has been given a consensus recommendation of “Hold” by the eleven ratings firms that are currently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $63.00.

Several research analysts recently issued reports on HSBC shares. BNP Paribas Exane raised shares of HSBC from an “underperform” rating to an “outperform” rating in a research note on Friday, September 5th. Citigroup reissued a “buy” rating on shares of HSBC in a research note on Tuesday. BNP Paribas raised shares of HSBC from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, September 5th. Zacks Research lowered shares of HSBC from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Jefferies Financial Group reissued a “hold” rating on shares of HSBC in a research note on Friday, October 10th.

HSBC Trading Up 1.1%

NYSE:HSBC opened at $66.99 on Tuesday. The firm’s fifty day moving average is $67.46 and its 200-day moving average is $62.13. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.86. HSBC has a 52 week low of $44.33 and a 52 week high of $72.21. The firm has a market cap of $231.14 billion, a P/E ratio of 13.26, a P/E/G ratio of 1.76 and a beta of 0.62.

HSBC (NYSE:HSBC) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.33. HSBC had a net margin of 13.48% and a return on equity of 12.73%. The company had revenue of $16.90 billion for the quarter, compared to analyst estimates of $16.64 billion. Equities analysts expect that HSBC will post 6.66 earnings per share for the current year.

HSBC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, August 15th were paid a dividend of $0.495 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.98 annualized dividend and a yield of 3.0%. HSBC’s dividend payout ratio is currently 39.21%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HSBC. GAMMA Investing LLC raised its holdings in HSBC by 24.7% during the first quarter. GAMMA Investing LLC now owns 9,739 shares of the financial services provider’s stock worth $559,000 after buying an additional 1,929 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in HSBC by 6.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 29,391 shares of the financial services provider’s stock worth $1,688,000 after buying an additional 1,897 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in HSBC by 23.4% during the first quarter. Janney Montgomery Scott LLC now owns 60,401 shares of the financial services provider’s stock worth $3,469,000 after buying an additional 11,463 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of HSBC by 8.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,735 shares of the financial services provider’s stock valued at $674,000 after purchasing an additional 959 shares during the last quarter. Finally, TrueMark Investments LLC purchased a new stake in shares of HSBC in the first quarter valued at about $2,616,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

About HSBC

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.