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

Shares of HSBC Holdings plc (NYSE:HSBC) have earned an average recommendation of “Hold” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company.

Separately, Dbs Bank upgraded HSBC to a “strong-buy” rating in a report on Wednesday, July 31st.

Institutional Investors Weigh In On HSBC

A number of large investors have recently modified their holdings of HSBC. Raymond James & Associates grew its stake in shares of HSBC by 5.2% in the fourth quarter. Raymond James & Associates now owns 339,780 shares of the financial services provider’s stock valued at $13,775,000 after buying an additional 16,725 shares in the last quarter. DAVENPORT & Co LLC grew its stake in HSBC by 29.2% during the 4th quarter. DAVENPORT & Co LLC now owns 25,836 shares of the financial services provider’s stock valued at $1,047,000 after purchasing an additional 5,841 shares in the last quarter. Ballentine Partners LLC grew its stake in HSBC by 21.1% during the 4th quarter. Ballentine Partners LLC now owns 9,503 shares of the financial services provider’s stock valued at $385,000 after purchasing an additional 1,659 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in HSBC during the 4th quarter valued at approximately $1,962,000. Finally, Traveka Wealth LLC acquired a new stake in HSBC during the 4th quarter valued at approximately $263,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Stock Performance

HSBC stock opened at $41.22 on Friday. The stock’s 50-day moving average is $43.39 and its 200-day moving average is $41.62. The company has a market cap of $154.61 billion, a price-to-earnings ratio of 7.11, a price-to-earnings-growth ratio of 0.92 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. HSBC has a 12 month low of $35.30 and a 12 month high of $45.53.

HSBC Dividend Announcement

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 paid a $0.50 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.85%. HSBC’s dividend payout ratio (DPR) is currently 34.14%.

About HSBC

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.