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

HSBC Holdings plc (NYSE:HSBC) has received an average rating of “Moderate Buy” from the five research firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

HSBC has been the topic of a number of research analyst reports. Barclays upgraded shares of HSBC from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 4th. StockNews.com upgraded shares of HSBC from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. UBS Group reissued a “neutral” rating on shares of HSBC in a report on Thursday, March 6th. Deutsche Bank Aktiengesellschaft downgraded shares of HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada reissued a “sector perform” rating on shares of HSBC in a report on Monday, February 3rd.

Hedge Funds Weigh In On HSBC

A number of hedge funds have recently modified their holdings of HSBC. Northern Trust Corp raised its holdings in shares of HSBC by 52.0% in the 4th quarter. Northern Trust Corp now owns 2,781,307 shares of the financial services provider’s stock worth $137,563,000 after buying an additional 951,050 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of HSBC by 7,061.5% in the 1st quarter. GAMMA Investing LLC now owns 559,311 shares of the financial services provider’s stock worth $321,210,000 after buying an additional 551,501 shares in the last quarter. FMR LLC raised its holdings in shares of HSBC by 18.1% in the 4th quarter. FMR LLC now owns 2,883,238 shares of the financial services provider’s stock worth $142,605,000 after buying an additional 441,033 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of HSBC in the 4th quarter worth approximately $17,815,000. Finally, Contrarian Capital Management L.L.C. acquired a new position in shares of HSBC in the 4th quarter worth approximately $11,914,000. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Stock Performance

Shares of HSBC opened at $55.19 on Tuesday. HSBC has a 12 month low of $39.42 and a 12 month high of $61.88. The company’s fifty day moving average is $55.38 and its 200-day moving average is $51.16. The company has a quick ratio of 0.96, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. The firm has a market cap of $196.52 billion, a price-to-earnings ratio of 8.90, a price-to-earnings-growth ratio of 1.05 and a beta of 0.40.

HSBC (NYSE:HSBC) last posted its earnings results on Tuesday, April 29th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.35. HSBC had a net margin of 16.17% and a return on equity of 12.20%. The business had revenue of $17.74 billion for the quarter, compared to analyst estimates of $16.60 billion. Equities analysts expect that HSBC will post 6.66 EPS for the current fiscal year.

HSBC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, March 7th were issued a $1.80 dividend. The ex-dividend date was Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 13.05%. HSBC’s payout ratio is presently 115.81%.

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.