HSBC (NYSE:HSBC) Upgraded at Barclays

Barclays upgraded shares of HSBC (NYSE:HSBC) from an equal weight rating to an overweight rating in a research report released on Tuesday morning, MarketBeat reports.

Other analysts have also recently issued research reports about the stock. Royal Bank of Canada reissued a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd. StockNews.com lowered shares of HSBC from a “hold” rating to a “sell” rating in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft lowered shares of HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

HSBC Trading Down 3.4 %

Shares of HSBC stock opened at $59.51 on Tuesday. The firm has a 50-day simple moving average of $53.13 and a two-hundred day simple moving average of $48.17. The company has a market cap of $212.26 billion, a P/E ratio of 9.60, a price-to-earnings-growth ratio of 1.05 and a beta of 0.51. HSBC has a fifty-two week low of $36.93 and a fifty-two week high of $61.88. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88.

HSBC (NYSE:HSBC) last issued its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.04. The business had revenue of $11.56 billion during the quarter, compared to the consensus estimate of $13.79 billion. HSBC had a net margin of 16.17% and a return on equity of 12.20%. As a group, equities analysts predict that HSBC will post 6.66 earnings per share for the current fiscal year.

HSBC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be given a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 12.10%. The ex-dividend date is Friday, March 7th. HSBC’s dividend payout ratio (DPR) is 115.81%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HSBC. FMR LLC grew its position in HSBC by 18.1% during the 4th quarter. FMR LLC now owns 2,883,238 shares of the financial services provider’s stock worth $142,605,000 after purchasing an additional 441,033 shares during the last quarter. Northern Trust Corp grew its position in HSBC by 52.0% during the 4th quarter. Northern Trust Corp now owns 2,781,307 shares of the financial services provider’s stock worth $137,563,000 after purchasing an additional 951,050 shares during the last quarter. American Century Companies Inc. grew its position in HSBC by 4.5% during the 4th quarter. American Century Companies Inc. now owns 937,065 shares of the financial services provider’s stock worth $46,347,000 after purchasing an additional 40,388 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in HSBC by 2.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 514,642 shares of the financial services provider’s stock worth $25,454,000 after purchasing an additional 14,095 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in HSBC by 26.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 401,960 shares of the financial services provider’s stock worth $19,881,000 after purchasing an additional 85,104 shares during the last quarter. 1.48% of the stock is owned by hedge funds and other institutional investors.

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.