HSBC Holdings plc (NYSE:HSBC) Receives $63.00 Consensus Target Price from Analysts

HSBC Holdings plc (NYSE:HSBCGet Free Report) has received an average recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $63.00.

Several equities analysts have commented on HSBC shares. Citigroup restated a “buy” rating on shares of HSBC in a research note on Tuesday, October 21st. Jefferies Financial Group reissued a “hold” rating on shares of HSBC in a research note on Friday, October 10th. Erste Group Bank raised HSBC from a “hold” rating to a “buy” rating in a research report on Thursday, November 20th. Zacks Research raised HSBC from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of HSBC in a report on Monday, December 29th.

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Institutional Trading of HSBC

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Fisher Asset Management LLC boosted its holdings in HSBC by 9.2% in the second quarter. Fisher Asset Management LLC now owns 17,043,371 shares of the financial services provider’s stock valued at $1,036,067,000 after purchasing an additional 1,430,797 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of HSBC by 160.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 502,200 shares of the financial services provider’s stock valued at $30,529,000 after buying an additional 309,738 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of HSBC by 1.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 10,575,644 shares of the financial services provider’s stock valued at $750,659,000 after buying an additional 185,073 shares during the last quarter. Foresight Global Investors Inc. acquired a new stake in HSBC during the 3rd quarter worth $12,810,000. Finally, American Century Companies Inc. lifted its position in HSBC by 14.7% in the third quarter. American Century Companies Inc. now owns 1,311,820 shares of the financial services provider’s stock valued at $93,113,000 after acquiring an additional 168,438 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors and hedge funds.

More HSBC News

Here are the key news stories impacting HSBC this week:

HSBC Stock Up 1.0%

Shares of NYSE:HSBC opened at $82.05 on Friday. The firm has a market capitalization of $281.86 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 0.99 and a beta of 0.52. HSBC has a 1 year low of $45.66 and a 1 year high of $83.03. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.92 and a quick ratio of 0.92. The firm’s 50-day moving average is $73.75 and its two-hundred day moving average is $68.30.

HSBC (NYSE:HSBCGet Free Report) last posted its quarterly earnings data on Tuesday, October 28th. The financial services provider reported $1.80 EPS for the quarter, beating the consensus estimate of $1.65 by $0.15. HSBC had a net margin of 12.85% and a return on equity of 12.78%. The business had revenue of $17.79 billion during the quarter, compared to analyst estimates of $16.78 billion. Analysts predict that HSBC will post 6.66 EPS for the current year.

HSBC Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Friday, November 7th were given a dividend of $0.50 per share. This is an increase from HSBC’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, November 7th. This represents a $2.00 annualized dividend and a dividend yield of 2.4%. HSBC’s dividend payout ratio is presently 41.68%.

About HSBC

(Get Free Report)

HSBC Holdings plc (NYSE: HSBC) is a multinational banking and financial services organization headquartered in London. It traces its origins to the Hongkong and Shanghai Banking Corporation, founded in 1865 to facilitate trade between Europe and Asia, and has since grown into one of the world’s largest banking groups. The company is publicly listed in multiple markets, including the London Stock Exchange, the Hong Kong Stock Exchange and as an American depositary receipt on the New York Stock Exchange.

HSBC operates a universal banking model, serving retail, commercial, corporate and institutional clients.

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Analyst Recommendations for HSBC (NYSE:HSBC)

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