HSBC Holdings plc (NYSE:HSBC) shares saw unusually-strong trading volume on Thursday . Approximately 86,286 shares were traded during mid-day trading, a decline of 96% from the previous session’s volume of 2,203,280 shares.The stock last traded at $29.90 and had previously closed at $29.74.
Several equities research analysts have weighed in on HSBC shares. Credit Suisse Group raised HSBC from an “underperform” rating to a “neutral” rating in a report on Monday, March 22nd. UBS Group reaffirmed a “neutral” rating on shares of HSBC in a report on Friday, March 5th. Barclays reaffirmed an “underweight” rating on shares of HSBC in a report on Wednesday, February 24th. Berenberg Bank reaffirmed a “hold” rating on shares of HSBC in a report on Thursday, February 25th. Finally, Keefe, Bruyette & Woods raised HSBC from an “underperform” rating to an “outperform” rating in a report on Friday, December 11th. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $21.00.
The company has a market capitalization of $122.33 billion, a price-to-earnings ratio of -59.84, a P/E/G ratio of 0.63 and a beta of 0.61. The stock has a fifty day simple moving average of $29.72 and a 200-day simple moving average of $25.80. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.94 and a quick ratio of 0.94.
The company also recently declared an annual dividend, which will be paid on Thursday, April 29th. Investors of record on Friday, March 12th will be given a dividend of $0.745 per share. This represents a dividend yield of 2.45%. The ex-dividend date of this dividend is Thursday, March 11th. HSBC’s payout ratio is 19.23%.
Institutional investors and hedge funds have recently modified their holdings of the stock. Morgan Stanley increased its position in shares of HSBC by 2.5% during the third quarter. Morgan Stanley now owns 1,545,231 shares of the financial services provider’s stock worth $30,255,000 after purchasing an additional 37,299 shares in the last quarter. Aperio Group LLC grew its holdings in HSBC by 26.2% in the 4th quarter. Aperio Group LLC now owns 1,091,983 shares of the financial services provider’s stock valued at $28,293,000 after buying an additional 226,372 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in HSBC in the 4th quarter valued at $291,000. Signaturefd LLC grew its holdings in HSBC by 34.0% in the 4th quarter. Signaturefd LLC now owns 11,645 shares of the financial services provider’s stock valued at $302,000 after buying an additional 2,953 shares in the last quarter. Finally, Old Port Advisors grew its holdings in HSBC by 5.3% in the 4th quarter. Old Port Advisors now owns 60,658 shares of the financial services provider’s stock valued at $1,561,000 after buying an additional 3,078 shares in the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.
About HSBC (NYSE:HSBC)
HSBC Holdings plc provides banking and financial products and 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 products and services, such as current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services for ultra high net worth individuals; and wealth management services, including insurance and investment products, global asset management services, investment management, and private wealth solutions.
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