HSBC Holdings plc (NYSE:HSBC) Receives Consensus Rating of “Moderate Buy” from Analysts

HSBC Holdings plc (NYSE:HSBCGet Free Report) has earned a consensus rating of “Moderate Buy” from the ten analysts that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $63.00.

A number of research analysts have recently issued reports on HSBC shares. Morgan Stanley started coverage on HSBC in a research report on Wednesday, January 14th. They set an “equal weight” rating on the stock. Zacks Research upgraded HSBC from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. Weiss Ratings lowered HSBC from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 10th. BNP Paribas Exane lowered HSBC from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 14th. Finally, The Goldman Sachs Group started coverage on HSBC in a research report on Thursday, March 26th. They set a “buy” rating on the stock.

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Key Stories Impacting HSBC

Here are the key news stories impacting HSBC this week:

HSBC Trading Up 1.8%

Shares of NYSE:HSBC opened at $92.17 on Tuesday. HSBC has a 1 year low of $51.60 and a 1 year high of $94.79. The firm has a market capitalization of $316.61 billion, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 0.90 and a beta of 0.55. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.87 and a quick ratio of 0.87. The business’s 50 day moving average price is $85.86 and its 200-day moving average price is $78.95.

HSBC (NYSE:HSBCGet Free Report) last announced its earnings results on Saturday, February 14th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter. HSBC had a return on equity of 13.10% and a net margin of 16.07%.The firm had revenue of $17.70 billion for the quarter. On average, equities research analysts forecast that HSBC will post 6.66 earnings per share for the current fiscal year.

HSBC Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Friday, March 13th will be issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 9.8%. The ex-dividend date is Friday, March 13th. This is an increase from HSBC’s previous quarterly dividend of $0.50. HSBC’s payout ratio is 148.43%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fisher Asset Management LLC lifted its holdings in HSBC by 2.3% in the 4th quarter. Fisher Asset Management LLC now owns 17,800,748 shares of the financial services provider’s stock valued at $1,400,385,000 after purchasing an additional 402,288 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in HSBC by 1.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 10,575,644 shares of the financial services provider’s stock valued at $750,659,000 after purchasing an additional 185,073 shares in the last quarter. Morgan Stanley lifted its holdings in HSBC by 15.3% in the 4th quarter. Morgan Stanley now owns 7,483,883 shares of the financial services provider’s stock valued at $588,757,000 after purchasing an additional 993,473 shares in the last quarter. Northern Trust Corp lifted its holdings in HSBC by 4.7% in the 3rd quarter. Northern Trust Corp now owns 3,045,134 shares of the financial services provider’s stock valued at $216,144,000 after purchasing an additional 136,342 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in HSBC by 77.0% in the 4th quarter. Clearbridge Investments LLC now owns 1,443,716 shares of the financial services provider’s stock valued at $113,577,000 after purchasing an additional 627,857 shares in the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

About HSBC

(Get Free Report)

HSBC Holdings plc (NYSE: HSBC) is a multinational banking and financial services organization headquartered in London. It traces its origins to the Hongkong and Shanghai Banking Corporation, founded in 1865 to facilitate trade between Europe and Asia, and has since grown into one of the world’s largest banking groups. The company is publicly listed in multiple markets, including the London Stock Exchange, the Hong Kong Stock Exchange and as an American depositary receipt on the New York Stock Exchange.

HSBC operates a universal banking model, serving retail, commercial, corporate and institutional clients.

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Analyst Recommendations for HSBC (NYSE:HSBC)

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