HSBC Holdings plc (NYSE:HSBC) Given Consensus Rating of “Hold” by Brokerages

HSBC Holdings plc (NYSE:HSBCGet Free Report) has been assigned a consensus rating of “Hold” from the eleven analysts that are covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company.

A number of research firms have commented on HSBC. Zacks Research lowered HSBC from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. The Goldman Sachs Group assumed coverage on HSBC in a research report on Thursday, March 26th. They issued a “buy” rating on the stock. Royal Bank Of Canada restated a “sector perform” rating on shares of HSBC in a research report on Thursday, May 14th. BNP Paribas Exane lowered HSBC from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 14th. Finally, Weiss Ratings lowered HSBC from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th.

View Our Latest Report on HSBC

HSBC Trading Up 2.2%

NYSE HSBC opened at $95.22 on Wednesday. The business’s 50-day moving average price is $88.50 and its two-hundred day moving average price is $83.49. HSBC has a 12 month low of $58.14 and a 12 month high of $95.61. The firm has a market capitalization of $327.24 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 0.93 and a beta of 0.56. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.52.

HSBC (NYSE:HSBCGet Free Report) last released its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $0.44 EPS for the quarter. HSBC had a return on equity of 13.35% and a net margin of 16.06%.The firm had revenue of $19.13 billion for the quarter. On average, analysts expect that HSBC will post 8.54 EPS for the current year.

HSBC Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, May 15th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.1%. HSBC’s dividend payout ratio is presently 32.46%.

HSBC News Roundup

Here are the key news stories impacting HSBC this week:

Insider Activity at HSBC

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

Institutional Investors Weigh In On HSBC

Several institutional investors and hedge funds have recently made changes to their positions in HSBC. Sivia Capital Partners LLC boosted its position in shares of HSBC by 19.0% during the 2nd quarter. Sivia Capital Partners LLC now owns 11,896 shares of the financial services provider’s stock valued at $723,000 after purchasing an additional 1,899 shares in the last quarter. Invesco Ltd. boosted its holdings in HSBC by 22.5% in the second quarter. Invesco Ltd. now owns 7,052 shares of the financial services provider’s stock worth $429,000 after acquiring an additional 1,295 shares in the last quarter. Jump Financial LLC bought a new position in HSBC in the second quarter worth approximately $221,000. Cerity Partners LLC boosted its holdings in HSBC by 3.1% in the second quarter. Cerity Partners LLC now owns 98,708 shares of the financial services provider’s stock worth $6,000,000 after acquiring an additional 2,940 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its holdings in HSBC by 36.7% in the second quarter. Qube Research & Technologies Ltd now owns 365,570 shares of the financial services provider’s stock worth $22,223,000 after acquiring an additional 98,048 shares in the last quarter. Institutional investors own 1.48% of the company’s stock.

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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