BNP Paribas Exane lowered shares of HSBC (NYSE:HSBC – Free 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
HSBC (NYSE:HSBC – Get 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:
- Positive Sentiment: HSBC rolled out its Tokenized Deposit Service (TDS) in the United States, extending a blockchain‑based, real‑time liquidity and payments capability to a major market — a strategic product that can boost fee income, client stickiness and cross‑border flows. HSBC Expands Tokenized Deposit Service to the United States
- Positive Sentiment: HSBC hired a senior metals trader from ICBC Standard Bank to lead global metals trading, strengthening its bullion trading franchise and potential trading revenues. Exclusive: HSBC hires ICBC Standard Bank trader to lead global metals trading, sources say
- Neutral Sentiment: Brokerage coverage remains constructive on balance — HSBC has an average rating of “Moderate Buy,” supporting investor confidence but not materially changing the story. HSBC Holdings plc (NYSE:HSBC) Given Average Rating of “Moderate Buy” by Brokerages
- Neutral Sentiment: Management commentary: the chairman and CEO flagged that AI and Asia growth trends could offset regional geopolitical shocks, providing a constructive macro/tailwind view even as they acknowledge confidence risks from the Middle East. HSBC chairman sees AI and Asia growth offsetting Iran war impact
- Neutral Sentiment: HSBC granted conditional employee share awards under its global purchase plan — standard compensation activity that could modestly dilute but is usually neutral for near‑term valuation. HSBC Grants New Employee Share Awards Under Global Purchase Plan
- Negative Sentiment: BNP Paribas Exane downgraded HSBC from “outperform” to “neutral,” which can apply short‑term selling pressure from institutional players. Finviz
- Negative Sentiment: Senior departures continue: Gerry Keefe, head of Europe & Americas banking, resigned, and HSBC also lost a senior Dubai bond banker to a rival — these turnover reports raise execution and talent‑retention concerns amid the bank’s multi‑year overhaul. HSBC’s Europe and Americas banking head Keefe departs
HSBC Company Profile
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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