HSBC Holdings plc (NYSE:HSBC) Given Consensus Rating of “Hold” by Brokerages

HSBC Holdings plc (NYSE:HSBC) has been assigned an average recommendation of “Hold” from the eight research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company.

A number of research analysts have weighed in on the company. BNP Paribas lowered HSBC from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 16th. Barclays reaffirmed an “equal weight” rating on shares of HSBC in a research report on Wednesday, March 27th.

HSBC Trading Down 0.1 %

Shares of HSBC stock opened at $44.46 on Friday. HSBC has a fifty-two week low of $35.30 and a fifty-two week high of $44.81. The firm has a market cap of $168.12 billion, a PE ratio of 7.66, a P/E/G ratio of 0.98 and a beta of 0.58. The business’s fifty day moving average is $39.87 and its two-hundred day moving average is $39.22. The company has a quick ratio of 0.90, a current ratio of 0.96 and a debt-to-equity ratio of 0.51.

HSBC (NYSE:HSBC) last issued its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.33). HSBC had a return on equity of 10.80% and a net margin of 16.13%. The business had revenue of $13.02 billion for the quarter. Analysts anticipate that HSBC will post 6.77 earnings per share for the current year.

HSBC Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 10th will be issued a $0.50 dividend. The ex-dividend date is Thursday, May 9th. This represents a $2.00 annualized dividend and a yield of 4.50%. HSBC’s dividend payout ratio is currently 106.55%.

Institutional Trading of HSBC

Several large investors have recently added to or reduced their stakes in HSBC. Grantham Mayo Van Otterloo & Co. LLC increased its holdings in HSBC by 167.4% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 842,864 shares of the financial services provider’s stock valued at $33,259,000 after purchasing an additional 527,677 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in HSBC by 3.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,621,349 shares of the financial services provider’s stock valued at $471,129,000 after purchasing an additional 376,641 shares in the last quarter. American Century Companies Inc. increased its holdings in HSBC by 39.4% in the 3rd quarter. American Century Companies Inc. now owns 698,250 shares of the financial services provider’s stock valued at $27,553,000 after purchasing an additional 197,283 shares in the last quarter. CWM LLC increased its holdings in HSBC by 3,518.2% in the 4th quarter. CWM LLC now owns 177,835 shares of the financial services provider’s stock valued at $7,209,000 after purchasing an additional 172,920 shares in the last quarter. Finally, QRG Capital Management Inc. acquired a new stake in shares of HSBC during the third quarter valued at about $6,706,000. 1.48% of the stock is currently owned by institutional investors and hedge funds.

HSBC Company Profile

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.