HSBC Holdings plc (NYSE:HSBC – Free Report) – Analysts at Erste Group Bank lifted their FY2027 earnings per share estimates for shares of HSBC in a research note issued to investors on Wednesday, August 5th. Erste Group Bank analyst S. Lingnau now anticipates that the financial services provider will earn $9.35 per share for the year, up from their prior estimate of $9.30. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for HSBC’s current full-year earnings is $8.62 per share.
Several other research firms also recently commented on HSBC. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of HSBC in a report on Tuesday, June 23rd. BNP Paribas Exane cut HSBC from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. Zacks Research lowered HSBC from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HSBC in a research note on Monday, August 3rd. Finally, Citigroup cut shares of HSBC from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, HSBC has an average rating of “Hold”.
HSBC Price Performance
HSBC stock opened at $103.22 on Monday. The firm has a market cap of $354.74 billion, a P/E ratio of 14.64, a P/E/G ratio of 0.98 and a beta of 0.57. The firm’s fifty day moving average is $97.93 and its 200 day moving average is $91.25. HSBC has a 52 week low of $63.51 and a 52 week high of $107.92. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.92 and a current ratio of 0.85.
HSBC (NYSE:HSBC – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.01. The company had revenue of $19.04 billion for the quarter, compared to analysts’ expectations of $18.66 billion. HSBC had a return on equity of 13.80% and a net margin of 18.19%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Transamerica Financial Advisors LLC boosted its stake in shares of HSBC by 287.1% during the 4th quarter. Transamerica Financial Advisors LLC now owns 329 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 244 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in HSBC in the third quarter worth about $26,000. Binnacle Investments Inc boosted its position in HSBC by 80.5% during the 3rd quarter. Binnacle Investments Inc now owns 444 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 198 shares in the last quarter. Ballast Advisors LLC purchased a new position in shares of HSBC during the 1st quarter worth approximately $36,000. Finally, Western Wealth Management LLC bought a new position in shares of HSBC in the 1st quarter worth approximately $37,000. 1.48% of the stock is currently owned by institutional investors.
HSBC Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, August 14th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.00 dividend on an annualized basis and a yield of 1.9%. HSBC’s dividend payout ratio (DPR) is presently 28.09%.
HSBC News Summary
Here are the key news stories impacting HSBC this week:
- Positive Sentiment: Ongoing share buyback supports HSBC stock. HSBC repurchased 340,000 ordinary shares in Hong Kong as part of its previously announced $1 billion buyback program. Repurchases reduce the share count and can support earnings per share and shareholder returns. HSBC Advances Share Buy-Back With Hong Kong Repurchases
- Neutral Sentiment: HSBC’s market outlook remains mixed. The bank’s investment arm identified improving earnings, private-sector capital spending, policy support and potential trade agreements as tailwinds for Indian equities, while elevated commodity prices, weak global growth, a below-normal monsoon and slower government spending remain risks. The commentary is more relevant to HSBC’s investment views than to near-term group earnings. HSBC Lists Headwinds and Tailwinds for Indian Equities
- Neutral Sentiment: Management commentary highlighted structural industry change. HSBC’s Bothamley said artificial intelligence is reshaping credit markets, but the report did not disclose a new financial target, investment commitment or earnings impact. HSBC’s Bothamley on AI and Credit Markets
- Negative Sentiment: Foreign-exchange risks remain a consideration. HSBC said Japanese yen intervention could face difficulties because of the persistent interest-rate gap, underscoring ongoing currency and macroeconomic uncertainty that can affect the bank’s markets and international operations. Japanese Yen Intervention Faces Persistent Rate Gap
About HSBC
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.
Featured Articles
- Five stocks we like better than HSBC
- SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat
- 3 Dividend Champion Utilities for a Market That Can’t Sit Still
- These 3 Most-Upgraded Stocks Have Almost Nothing to Do With AI
- First Solar’s Profit Engine Faces a New Policy Test in Washington
Receive News & Ratings for HSBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC and related companies with MarketBeat.com's FREE daily email newsletter.
