HSBC Holdings plc (NYSE:HSBC) Receives Consensus Rating of “Hold” from Brokerages

Shares of HSBC Holdings plc (NYSE:HSBC) 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.

Institutional Trading of HSBC

Large investors have recently modified their holdings of the company. Richardson Financial Services Inc. purchased a new position in HSBC during the 4th quarter valued at about $27,000. Rise Advisors LLC bought a new position in HSBC in the first quarter worth approximately $34,000. Family Firm Inc. purchased a new stake in HSBC during the second quarter worth $36,000. Benjamin F. Edwards & Company Inc. increased 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 acquiring an additional 263 shares during the period. Finally, RFP Financial Group LLC raised its position in shares of HSBC by 126.1% in the 1st quarter. RFP Financial Group LLC now owns 1,031 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 575 shares in the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

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) 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.