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

HSBC Holdings plc (NYSE:HSBCGet Free Report) has been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $63.00.

A number of brokerages have recently issued reports on HSBC. Weiss Ratings cut shares of HSBC from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday. Citigroup restated a “buy” rating on shares of HSBC in a research note on Friday, January 9th. The Goldman Sachs Group began coverage on shares of HSBC in a research note on Thursday, March 26th. They issued a “buy” rating for the company. Morgan Stanley began coverage on shares of HSBC in a research note on Wednesday, January 14th. They issued an “equal weight” rating for the company. Finally, Zacks Research cut shares of HSBC from a “strong-buy” rating to a “hold” rating in a research note on Tuesday.

View Our Latest Stock Analysis on HSBC

Institutional Investors Weigh In On HSBC

Hedge funds have recently made changes to their positions in the company. Mather Group LLC. acquired a new stake in shares of HSBC during the 3rd quarter worth about $25,000. Transamerica Financial Advisors LLC increased its position in shares of HSBC by 287.1% during the 4th quarter. Transamerica Financial Advisors LLC now owns 329 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 244 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of HSBC during the 3rd quarter worth about $26,000. Binnacle Investments Inc increased its position in shares of HSBC by 80.5% during the 3rd quarter. Binnacle Investments Inc now owns 444 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 198 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in shares of HSBC during the 1st quarter worth about $41,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

Key Headlines Impacting HSBC

Here are the key news stories impacting HSBC this week:

HSBC Trading Up 1.3%

Shares of HSBC stock opened at $90.12 on Friday. HSBC has a 52-week low of $56.54 and a 52-week high of $94.79. The stock has a market cap of $309.72 billion, a price-to-earnings ratio of 14.77, a P/E/G ratio of 0.90 and a beta of 0.56. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.87 and a current ratio of 0.92. The firm has a fifty day moving average of $86.44 and a 200-day moving average of $80.83.

HSBC (NYSE:HSBCGet Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $0.44 earnings per share (EPS) for the quarter. HSBC had a net margin of 16.06% and a return on equity of 13.35%. The company had revenue of $19.13 billion during the quarter. On average, equities research analysts forecast that HSBC will post 8.48 earnings per share for the current fiscal year.

HSBC Cuts Dividend

The company 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 dividend on an annualized basis and a dividend yield of 2.2%. HSBC’s dividend payout ratio (DPR) is 147.21%.

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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