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

HSBC Holdings plc (NYSE:HSBC) has earned a consensus rating of “Hold” from the eight ratings firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company.

A number of brokerages have weighed in on HSBC. Barclays reiterated an “equal weight” rating on shares of HSBC in a research report on Wednesday, March 27th. BNP Paribas lowered HSBC from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 16th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Milestone Investment Advisors LLC acquired a new position in HSBC during the 3rd quarter worth $26,000. Richardson Financial Services Inc. acquired a new position in HSBC during the 4th quarter worth $27,000. Assetmark Inc. acquired a new position in HSBC during the 3rd quarter worth $30,000. Rise Advisors LLC acquired a new position in HSBC during the 1st quarter worth $34,000. Finally, Addison Advisors LLC grew its stake in HSBC by 74.8% during the 4th quarter. Addison Advisors LLC now owns 895 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 383 shares in the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Stock Down 0.1 %

Shares of HSBC opened at $44.46 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 0.96. HSBC has a one year low of $35.30 and a one year high of $44.81. The stock has a market capitalization of $168.12 billion, a price-to-earnings ratio of 7.66, a PEG ratio of 0.98 and a beta of 0.58. The stock has a 50 day moving average price of $39.87 and a 200 day moving average price of $39.22.

HSBC (NYSE:HSBC) last announced its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.33). HSBC had a return on equity of 10.80% and a net margin of 16.13%. The firm had revenue of $13.02 billion for the quarter. Equities research analysts forecast that HSBC will post 6.77 earnings per share for the current fiscal year.

HSBC Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 10th will be issued a $0.50 dividend. The ex-dividend date is Thursday, May 9th. This represents a $2.00 dividend on an annualized basis and a yield of 4.50%. HSBC’s dividend payout ratio (DPR) is presently 106.55%.

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.