Shares of HSBC Holdings plc (NYSE:HSBC – Get Free Report) have been assigned an average recommendation of “Hold” from the six brokerages that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company.
Separately, Dbs Bank raised shares of HSBC to a “strong-buy” rating in a research note on Wednesday, July 31st.
View Our Latest Report on HSBC
Institutional Trading of HSBC
HSBC Price Performance
NYSE:HSBC opened at $44.46 on Tuesday. The firm has a market capitalization of $164.25 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 0.97 and a beta of 0.58. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.89 and a quick ratio of 0.96. The business has a 50 day simple moving average of $43.10 and a 200-day simple moving average of $42.11. HSBC has a 1 year low of $35.30 and a 1 year high of $45.53.
HSBC (NYSE:HSBC – Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.65 earnings per share (EPS) for the quarter. HSBC had a return on equity of 10.60% and a net margin of 15.61%. The company had revenue of $16.54 billion during the quarter. Equities analysts forecast that HSBC will post 5.74 EPS for the current year.
HSBC Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 16th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date of this dividend is Friday, August 16th. HSBC’s dividend payout ratio (DPR) is presently 34.14%.
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.
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