HSBC Holdings plc (NYSE:HSBC) Stock Has Average Price Target of $97.00 According to Analysts

Shares of HSBC Holdings plc (NYSE:HSBC) have received a consensus rating of “Hold” from the sixteen research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $97.00.

A number of research analysts have recently issued reports on the company. Citigroup reiterated a “neutral” rating on shares of HSBC in a research report on Wednesday, September 23rd. JPMorgan Chase & Co. restated a “neutral” rating on shares of HSBC in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “neutral” rating on shares of HSBC in a report on Wednesday, August 5th. Royal Bank Of Canada reissued a “sector perform” rating on shares of HSBC in a research note on Monday, August 17th. Finally, Wall Street Zen upgraded shares of HSBC from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th.

Institutional Trading of HSBC

Institutional investors have recently made changes to their positions in the company. Westover Capital Advisors LLC lifted its position in HSBC by 1.3% during the first quarter. Westover Capital Advisors LLC now owns 9,313 shares of the financial services provider’s stock worth $768,000 after buying an additional 120 shares in the last quarter. Everhart Financial Group Inc. grew its holdings in HSBC by 5.6% in the 3rd quarter. Everhart Financial Group Inc. now owns 2,381 shares of the financial services provider’s stock valued at $236,000 after buying an additional 126 shares in the last quarter. Integrated Advisors Network LLC increased its stake in shares of HSBC by 3.9% in the 1st quarter. Integrated Advisors Network LLC now owns 3,571 shares of the financial services provider’s stock worth $295,000 after acquiring an additional 134 shares during the last quarter. Greenspring Advisors LLC increased its stake in shares of HSBC by 2.7% in the 2nd quarter. Greenspring Advisors LLC now owns 5,078 shares of the financial services provider’s stock worth $483,000 after acquiring an additional 134 shares during the last quarter. Finally, Kestra Private Wealth Services LLC boosted its position in shares of HSBC by 5.0% during the 1st quarter. Kestra Private Wealth Services LLC now owns 3,005 shares of the financial services provider’s stock valued at $248,000 after acquiring an additional 144 shares during the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Price Performance

NYSE:HSBC opened at $92.63 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.85 and a debt-to-equity ratio of 0.67. HSBC has a 52 week low of $64.64 and a 52 week high of $107.92. The stock’s 50-day moving average price is $102.52 and its 200-day moving average price is $96.04. The stock has a market capitalization of $318.08 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 0.89 and a beta of 0.58.

HSBC (NYSE:HSBC) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.01. HSBC had a return on equity of 13.80% and a net margin of 18.19%.The company had revenue of $19.04 billion during the quarter, compared to analysts’ expectations of $18.66 billion. As a group, equities analysts expect that HSBC will post 8.56 EPS for the current fiscal year.

HSBC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, August 14th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, August 14th. HSBC’s payout ratio is 28.09%.

Key HSBC News

Here are the key news stories impacting HSBC this week:

• Positive Sentiment: HSBC’s increased use of artificial intelligence and digital servicing could lower operating costs, improve adviser productivity and support margins in its wealth business. Management reportedly aims to automate routine services while preserving key client relationships. HSBC plans job cuts across UK wealth business in AI push
• Positive Sentiment: A new HSBC study found that U.S. entrepreneurs are increasingly using AI to drive growth, hiring and productivity. The findings reinforce the bank’s focus on AI-related financial services demand and could support its technology and commercial-banking strategy. US Entrepreneurs Turn to AI to Drive Growth and Hiring
• Neutral Sentiment: HSBC’s U.K. ETF sales head reportedly resigned. The departure is a leadership change, but the articles provide no indication of a material financial impact. HSBC ETF sales head for UK resigns
• Neutral Sentiment: HSBC reportedly expects India’s central bank to raise interest rates by 25 basis points. Higher rates can support lending margins, although the effect depends on deposit costs, credit demand and the bank’s regional exposure. The JSW Infrastructure downgrade article concerns another company and is not a direct HSBC catalyst.
• Negative Sentiment: Reports describe sweeping U.K. wealth-management cuts, including sharp reductions in financial advisers and specialist staff; one report suggested that as many as 70% of adviser roles could be affected, though HSBC has not confirmed that figure. Investors may view the move as evidence of near-term restructuring risk and potential damage to service quality, even if it eventually produces meaningful savings. HSBC plans sweeping job cuts across UK wealth business in AI push

About HSBC

HSBC Holdings plc is a global banking and financial services group headquartered in London. Its origins date to the founding of The Hongkong and Shanghai Banking Corporation in 1865, established to support trade between Europe and Asia. HSBC operates through a network spanning major markets in Asia, Europe, the Middle East, North America and Latin America.

The company provides services to personal, commercial and institutional customers. Its activities include retail and wealth banking, commercial banking, global banking and markets, investment banking, trade finance, transaction banking, foreign exchange, lending, insurance and asset management.