HSBC (NYSE:HSBC) Lowered to Neutral Rating by BNP Paribas Exane

BNP Paribas Exane lowered shares of HSBC (NYSE:HSBCFree Report) from an outperform rating to a neutral rating in a research note published on Tuesday morning, Marketbeat reports.

Several other equities analysts have also commented on HSBC. Keefe, Bruyette & Woods raised HSBC from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, December 17th. Weiss Ratings lowered HSBC from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Zacks Research raised HSBC from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. Citigroup reaffirmed a “buy” rating on shares of HSBC in a research report on Friday, January 9th. Finally, The Goldman Sachs Group started coverage on HSBC in a research report on Thursday, March 26th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.00.

Check Out Our Latest Analysis on HSBC

HSBC Stock Performance

Shares of HSBC stock opened at $91.39 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $313.93 billion, a P/E ratio of 15.11, a P/E/G ratio of 0.94 and a beta of 0.55. The business has a fifty day simple moving average of $85.70 and a two-hundred day simple moving average of $78.58. HSBC has a 12 month low of $51.60 and a 12 month high of $94.79.

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

HSBC Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Friday, March 13th will be given a $2.25 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $9.00 annualized dividend and a dividend yield of 9.8%. This is a boost from HSBC’s previous quarterly dividend of $0.50. HSBC’s payout ratio is presently 148.43%.

Institutional Investors Weigh In On HSBC

Several large investors have recently bought and sold shares of HSBC. Morgan Stanley increased 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 worth $588,757,000 after buying an additional 993,473 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in HSBC by 1,272.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 909,464 shares of the financial services provider’s stock worth $71,548,000 after buying an additional 843,186 shares in the last quarter. Clearbridge Investments LLC increased 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 worth $113,577,000 after buying an additional 627,857 shares in the last quarter. Fisher Asset Management LLC increased 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 worth $1,400,385,000 after buying an additional 402,288 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased 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 worth $750,659,000 after buying an additional 185,073 shares in the last quarter. 1.48% of the stock is currently owned by institutional investors.

Key HSBC News

Here are the key news stories impacting HSBC this week:

HSBC Company Profile

(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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