HSBC Holdings plc (HSBC) – What Are Brokerages Saying About This Stock?

Shares of HSBC Holdings plc (NYSE:HSBC – Get Free Report) have been given an average recommendation of “Hold” by the sixteen research firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $97.00.

A number of research analysts have recently weighed in on HSBC shares. Shore Capital Group downgraded shares of HSBC to a “sell” rating in a report on Wednesday, August 5th. Citigroup reiterated a “neutral” rating on shares of HSBC in a report on Wednesday, October 28th. BNP Paribas Exane downgraded shares of HSBC from a “hold” rating to a “strong sell” rating and lowered their target price for the stock from $100.50 to $97.00 in a research report on Tuesday, August 4th. Royal Bank Of Canada reissued a “sector perform” rating on shares of HSBC in a research report on Monday, August 17th. Finally, Erste Group Bank cut HSBC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th.

Read Our Latest Analysis on HSBC

Institutional Investors Weigh In On HSBC

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lido Advisors LLC increased its position in shares of HSBC by 12.7% during the third quarter. Lido Advisors LLC now owns 11,329 shares of the financial services provider’s stock worth $1,125,000 after acquiring an additional 1,277 shares in the last quarter. Keybank National Association OH raised its holdings in shares of HSBC by 2.0% during the third quarter. Keybank National Association OH now owns 52,292 shares of the financial services provider’s stock worth $5,193,000 after acquiring an additional 1,030 shares during the period. Gryphon Financial Partners LLC lifted its position in HSBC by 3.9% in the 3rd quarter. Gryphon Financial Partners LLC now owns 14,365 shares of the financial services provider’s stock valued at $1,427,000 after acquiring an additional 542 shares in the last quarter. AlphaCore Capital LLC acquired a new position in HSBC in the 3rd quarter worth $253,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in HSBC by 9.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 46,357 shares of the financial services provider’s stock worth $4,430,000 after purchasing an additional 4,062 shares during the period. 1.48% of the stock is currently owned by institutional investors and hedge funds.

HSBC Price Performance

Shares of HSBC opened at $89.42 on Friday. The firm has a market cap of $306.57 billion, a PE ratio of 11.61, a PEG ratio of 0.93 and a beta of 0.56. The firm’s 50 day moving average price is $97.40 and its 200 day moving average price is $93.40. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.89 and a current ratio of 0.89. HSBC has a twelve month low of $67.56 and a twelve month high of $107.92.

HSBC (NYSE:HSBC – Get Free Report) last posted its earnings results on Tuesday, October 27th. The financial services provider reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.10). The business had revenue of $18.68 billion during the quarter, compared to analyst estimates of $18.98 billion. HSBC had a net margin of 19.59% and a return on equity of 14.33%. As a group, research analysts expect that HSBC will post 8.41 EPS for the current fiscal year.

HSBC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Friday, November 6th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.2%. HSBC’s dividend payout ratio is currently 25.71%.

More HSBC News

Here are the key news stories impacting HSBC this week:

  • Positive Sentiment: Buybacks continue: HSBC reported repurchasing shares under its ongoing program, including a further US$65.9 million in purchases. The company also has an authorization for up to US$1 billion in buybacks; repurchases can support shareholder returns and reduce the share count. HSBC Repurchases Shares in Ongoing US$65.9 Million Buyback
  • Positive Sentiment: Oversold-stock call: A recent market commentary identified HSBC among financial stocks with an RSI below 30, framing it as a potential bargain. This may attract dip-buyers, though it is not a change in the company’s fundamentals. Top 3 Financial Stocks That Are Preparing To Pump In November
  • Neutral Sentiment: Debt-management activity: HSBC set the redemption price for US$1.277 billion of notes and separately issued US$4.25 billion in senior unsecured notes. The announcements indicate active funding and liability management, but the reports do not specify a material effect on earnings. HSBC Sets Redemption Price for US$1.277 Billion Notes
  • Neutral Sentiment: Development-finance initiative: HSBC and JPMorgan are offering to help development banks obtain capital relief, which could create advisory or financing opportunities, but no near-term revenue impact was specified. HSBC, JPMorgan Offer to Help Development Banks Get Capital Relief
  • Negative Sentiment: Quarterly results fell short of estimates: HSBC reported third-quarter revenue growth of 5% year over year, but EPS of $2.10 and revenue of $18.68 billion were below consensus estimates of $2.20 and $18.98 billion, respectively. The shortfall may temper optimism around the buyback. HSBC Holdings: 3 Key Takeaways for Long-Term Investors

HSBC Company Profile

(Get Free Report)

HSBC Holdings plc is a global banking and financial services company headquartered in London. Its principal subsidiary, The Hongkong and Shanghai Banking Corporation, was established in 1865 to facilitate trade between Europe and Asia. HSBC’s shares trade on the New York Stock Exchange in the form of American depositary receipts under the symbol HSBC.

The company provides personal and wealth banking, commercial banking, corporate and institutional banking, investment banking, global markets, and asset management services.

See Also

Analyst Recommendations for HSBC (NYSE:HSBC)

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