HSBC Holdings plc (NYSE:HSBC) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of HSBC Holdings plc (NYSE:HSBC) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $746.20.

Several analysts have issued reports on HSBC shares. Berenberg Bank boosted their target price on HSBC from GBX 780 ($9.95) to GBX 820 ($10.46) in a research note on Thursday, August 3rd. Morgan Stanley boosted their target price on HSBC from GBX 675 ($8.61) to GBX 722 ($9.21) in a research note on Tuesday, August 1st. StockNews.com assumed coverage on HSBC in a research note on Thursday, August 17th. They set a “hold” rating on the stock. CICC Research upgraded HSBC from a “market perform” rating to an “outperform” rating in a research note on Wednesday, June 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on HSBC from GBX 880 ($11.23) to GBX 1,000 ($12.76) in a research note on Wednesday, May 3rd.

Institutional Investors Weigh In On HSBC

Institutional investors and hedge funds have recently bought and sold shares of the business. US Bancorp DE raised its position in shares of HSBC by 5.6% in the 1st quarter. US Bancorp DE now owns 91,878 shares of the financial services provider’s stock worth $3,136,000 after acquiring an additional 4,836 shares in the last quarter. Schechter Investment Advisors LLC raised its position in shares of HSBC by 154.1% in the 4th quarter. Schechter Investment Advisors LLC now owns 21,806 shares of the financial services provider’s stock worth $679,000 after acquiring an additional 13,223 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of HSBC by 57.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 17,767 shares of the financial services provider’s stock worth $554,000 after acquiring an additional 6,460 shares in the last quarter. LGT Group Foundation increased its position in HSBC by 355.1% during the 1st quarter. LGT Group Foundation now owns 31,515 shares of the financial services provider’s stock valued at $1,076,000 after buying an additional 24,590 shares in the last quarter. Finally, Vise Technologies Inc. increased its position in HSBC by 14.0% during the 4th quarter. Vise Technologies Inc. now owns 16,001 shares of the financial services provider’s stock valued at $499,000 after buying an additional 1,962 shares in the last quarter. Hedge funds and other institutional investors own 1.37% of the company’s stock.

HSBC Stock Down 0.1 %

HSBC stock opened at $37.51 on Monday. The stock has a market cap of $150.30 billion, a P/E ratio of 6.33, a P/E/G ratio of 0.24 and a beta of 0.60. The stock’s fifty day simple moving average is $39.80 and its two-hundred day simple moving average is $37.72. The company has a current ratio of 0.90, a quick ratio of 0.98 and a debt-to-equity ratio of 0.57. HSBC has a 1-year low of $24.77 and a 1-year high of $42.47.

HSBC (NYSE:HSBC) last issued its earnings results on Tuesday, August 1st. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.20. The firm had revenue of $16.71 billion for the quarter, compared to analyst estimates of $15.87 billion. HSBC had a return on equity of 12.19% and a net margin of 26.43%. Analysts expect that HSBC will post 7.07 EPS for the current year.

HSBC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Friday, August 11th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.33%. The ex-dividend date of this dividend is Thursday, August 10th. HSBC’s dividend payout ratio (DPR) is currently 33.39%.

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.