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

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

Separately, Barclays reaffirmed an “equal weight” rating on shares of HSBC in a research report on Wednesday, March 27th.

View Our Latest Stock Report on HSBC

Institutional Investors Weigh In On HSBC

A number of hedge funds and other institutional investors have recently modified their holdings of HSBC. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of HSBC by 38.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 940 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 263 shares during the last quarter. Savant Capital LLC lifted its position in HSBC by 5.3% during the fourth quarter. Savant Capital LLC now owns 5,574 shares of the financial services provider’s stock valued at $226,000 after buying an additional 279 shares in the last quarter. PDS Planning Inc raised its stake in shares of HSBC by 2.4% in the 1st quarter. PDS Planning Inc now owns 13,335 shares of the financial services provider’s stock valued at $525,000 after acquiring an additional 312 shares during the period. Lester Murray Antman dba SimplyRich lifted its holdings in shares of HSBC by 5.7% during the 1st quarter. Lester Murray Antman dba SimplyRich now owns 6,507 shares of the financial services provider’s stock valued at $257,000 after acquiring an additional 349 shares in the last quarter. Finally, Spire Wealth Management increased its holdings in HSBC by 40.6% in the 1st quarter. Spire Wealth Management now owns 1,270 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 367 shares in the last quarter. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

HSBC Price Performance

Shares of NYSE HSBC opened at $44.65 on Wednesday. The stock has a market capitalization of $168.85 billion, a price-to-earnings ratio of 7.70, a price-to-earnings-growth ratio of 1.07 and a beta of 0.58. HSBC has a 52 week low of $35.30 and a 52 week high of $45.46. The firm has a 50-day simple moving average of $42.35 and a 200-day simple moving average of $40.23. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.51.

HSBC (NYSE:HSBCGet Free Report) last issued its earnings results on Tuesday, April 30th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter. The company had revenue of $20.75 billion during the quarter. HSBC had a return on equity of 10.80% and a net margin of 16.13%. On average, equities analysts predict that HSBC will post 6.35 earnings per share for the current fiscal year.

HSBC Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 10th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $2.00 annualized dividend and a yield of 4.48%. HSBC’s dividend payout ratio (DPR) is currently 34.14%.

About HSBC

(Get Free Report

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.

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Analyst Recommendations for HSBC (NYSE:HSBC)

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