HSBC Holdings plc (NYSE:HSBC) Given Average Recommendation of “Hold” by Brokerages

Shares of HSBC Holdings plc (NYSE:HSBC) have received a consensus recommendation of “Hold” from the twelve analysts that are presently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company.

HSBC has been the subject of several recent research reports. Weiss Ratings lowered shares of HSBC from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada restated a “sector perform” rating on shares of HSBC in a research report on Thursday, May 14th. The Goldman Sachs Group initiated coverage on shares of HSBC in a research note on Thursday, March 26th. They issued a “buy” rating on the stock. BNP Paribas Exane downgraded HSBC from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 14th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of HSBC in a research report on Tuesday, June 23rd.

Key HSBC News

Here are the key news stories impacting HSBC this week:

• Positive Sentiment: HSBC said it will develop or pre-lease a 1.2 million sq. ft. integrated campus in Bengaluru with Prestige Group, a long-term real estate commitment that signals continued investment in India and could support future operating scale. Article Title
• Positive Sentiment: HSBC is among the first banks to adopt a new Swift framework for remittances, and NPCI also tied up with HSBC India and JPMorgan for cross-border UPI FX, both of which highlight HSBC’s role in payments infrastructure and cross-border transaction growth. Article Title Article Title
• Positive Sentiment: Reports that Emirates NBD is exploring a purchase of HSBC’s Türkiye unit suggest the bank may continue simplifying its footprint and exiting non-core markets, which investors often view favorably if it improves capital efficiency. Article Title
• Neutral Sentiment: HSBC disclosed dividend-linked share acquisitions by senior executives and confirmed more than 17.1 billion voting rights in a capital update; these are routine corporate filings with limited immediate stock impact. Article Title Article Title
• Neutral Sentiment: HSBC also received media coverage on its integrated campus plans in Bengaluru and on broader market commentary about U.S. equities flows; these headlines are informative but not likely to materially move the stock on their own. Article Title Article Title

HSBC Stock Up 0.9%

NYSE:HSBC opened at $96.69 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.52. The stock has a 50 day moving average of $92.15 and a 200-day moving average of $87.10. The firm has a market capitalization of $332.29 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 0.85 and a beta of 0.57. HSBC has a 52 week low of $60.51 and a 52 week high of $97.88.

HSBC (NYSE:HSBC) last released its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $0.44 earnings per share (EPS) for the quarter. The business had revenue of $19.12 billion during the quarter. HSBC had a return on equity of 13.35% and a net margin of 16.06%. Analysts predict that HSBC will post 8.67 EPS for the current year.

HSBC Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, May 15th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, May 15th. HSBC’s dividend payout ratio (DPR) is 32.46%.

Insider Buying and Selling at HSBC

In related news, insider Daniel Scott Palomaki sold 23,123 shares of HSBC stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $18.11, for a total transaction of $418,757.53. Following the sale, the insider directly owned 4,973 shares in the company, valued at $90,061.03. The trade was a 82.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.01% of the stock is currently owned by corporate insiders.

Institutional Trading of HSBC

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Morgan Stanley lifted its position in shares of HSBC by 15.3% during the 4th quarter. Morgan Stanley now owns 7,483,883 shares of the financial services provider’s stock valued at $588,757,000 after acquiring an additional 993,473 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of HSBC by 1,272.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 909,464 shares of the financial services provider’s stock worth $71,548,000 after acquiring an additional 843,186 shares during the last quarter. Clearbridge Investments LLC raised its position in shares of HSBC by 77.0% during the fourth quarter. Clearbridge Investments LLC now owns 1,443,716 shares of the financial services provider’s stock worth $113,577,000 after purchasing an additional 627,857 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of HSBC by 391.6% during the first quarter. Renaissance Technologies LLC now owns 524,122 shares of the financial services provider’s stock valued at $43,235,000 after purchasing an additional 417,500 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of HSBC by 2.3% in the 4th quarter. Fisher Asset Management LLC now owns 17,800,748 shares of the financial services provider’s stock valued at $1,400,385,000 after purchasing an additional 402,288 shares during the period. 1.48% of the stock is currently owned by institutional investors.

About HSBC

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.