HSBC Holdings plc (NYSE:HSBC) Receives Consensus Recommendation of “Hold” from Analysts

HSBC Holdings plc (NYSE:HSBC) has earned an average rating of “Hold” from the five ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a strong buy rating on the company.

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

HSBC Trading Down 1.2 %

NYSE:HSBC opened at $44.67 on Friday. The stock has a market capitalization of $164.15 billion, a PE ratio of 7.70, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. HSBC has a fifty-two week low of $35.30 and a fifty-two week high of $45.53. The business’s 50-day simple moving average is $43.17 and its 200-day simple moving average is $42.69. 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 (NYSE:HSBC) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.65 EPS for the quarter. HSBC had a return on equity of 10.60% and a net margin of 15.61%. The company had revenue of $16.54 billion during the quarter. Sell-side analysts expect that HSBC will post 5.74 earnings per share for the current fiscal year.

HSBC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 16th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.00 annualized dividend and a yield of 4.48%. HSBC’s payout ratio is 34.14%.

Institutional Investors Weigh In On HSBC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. lifted its position in HSBC by 4.6% during the 2nd quarter. American Century Companies Inc. now owns 850,842 shares of the financial services provider’s stock worth $37,012,000 after acquiring an additional 37,781 shares during the period. Natixis Advisors LLC lifted its holdings in HSBC by 22.1% in the second quarter. Natixis Advisors LLC now owns 413,789 shares of the financial services provider’s stock valued at $18,000,000 after acquiring an additional 74,980 shares during the last quarter. Raymond James & Associates raised its position in HSBC by 2.6% in the second quarter. Raymond James & Associates now owns 361,416 shares of the financial services provider’s stock valued at $15,722,000 after purchasing an additional 9,323 shares during the period. QRG Capital Management Inc. raised its position in HSBC by 19.0% in the second quarter. QRG Capital Management Inc. now owns 302,994 shares of the financial services provider’s stock valued at $13,180,000 after purchasing an additional 48,366 shares during the period. Finally, Creative Planning increased its position in shares of HSBC by 22.3% during the second quarter. Creative Planning now owns 202,927 shares of the financial services provider’s stock worth $8,827,000 after acquiring an additional 37,015 shares during the period. Institutional investors own 1.48% of the company’s stock.

HSBC Company Profile

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.