HSBC Holdings plc (NYSE:HSBC) Receives Average Rating of “Hold” from Analysts

Shares of HSBC Holdings plc (NYSE:HSBC) have been given a consensus recommendation of “Hold” by the eleven analysts that are presently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $63.00.

Several equities analysts have recently weighed in on HSBC shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HSBC in a research note on Wednesday, October 8th. Zacks Research lowered HSBC from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. Citigroup reaffirmed a “buy” rating on shares of HSBC in a research note on Monday, September 22nd. BNP Paribas Exane raised HSBC from an “underperform” rating to an “outperform” rating in a research note on Friday, September 5th. Finally, BNP Paribas raised HSBC from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, September 5th.

Hedge Funds Weigh In On HSBC

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its position in HSBC by 1.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,726,420 shares of the financial services provider’s stock worth $271,438,000 after acquiring an additional 53,072 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in shares of HSBC in the 1st quarter valued at approximately $391,000. Acadian Asset Management LLC raised its position in shares of HSBC by 254.2% in the 1st quarter. Acadian Asset Management LLC now owns 23,718 shares of the financial services provider’s stock valued at $1,362,000 after purchasing an additional 17,021 shares in the last quarter. Bridgewater Advisors Inc. acquired a new position in shares of HSBC in the 1st quarter valued at approximately $443,000. Finally, Atlas Capital Advisors Inc. raised its position in shares of HSBC by 501.3% in the 1st quarter. Atlas Capital Advisors Inc. now owns 12,032 shares of the financial services provider’s stock valued at $691,000 after purchasing an additional 10,031 shares in the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Stock Down 0.3%

Shares of NYSE:HSBC opened at $65.64 on Tuesday. The firm has a market cap of $226.51 billion, a price-to-earnings ratio of 13.00, a PEG ratio of 1.72 and a beta of 0.62. HSBC has a 12-month low of $43.97 and a 12-month high of $72.21. The company has a current ratio of 0.86, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. The stock’s 50-day moving average price is $67.34 and its two-hundred day moving average price is $61.70.

HSBC (NYSE:HSBC) last released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.33. The business had revenue of $16.90 billion for the quarter, compared to analyst estimates of $16.64 billion. HSBC had a return on equity of 12.73% and a net margin of 13.48%. On average, research analysts forecast that HSBC will post 6.66 EPS for the current year.

HSBC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, August 15th were given a dividend of $0.495 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.98 annualized dividend and a yield of 3.0%. HSBC’s payout ratio is 39.21%.

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.