HSBC’s (HSBC) “Equal Weight” Rating Reaffirmed at Barclays

Barclays reiterated their equal weight rating on shares of HSBC (NYSE:HSBC) in a report released on Wednesday morning, Marketbeat Ratings reports.

Separately, BNP Paribas cut shares of HSBC from a neutral rating to an underperform rating in a report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Hold and an average target price of $811.00.

HSBC Trading Down 1.8 %

HSBC stock opened at $39.00 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.62. HSBC has a twelve month low of $33.25 and a twelve month high of $42.47. The stock has a market capitalization of $149.03 billion, a price-to-earnings ratio of 6.85, a price-to-earnings-growth ratio of 0.93 and a beta of 0.63. The firm’s fifty day simple moving average is $38.85 and its two-hundred day simple moving average is $38.92.

HSBC (NYSE:HSBC) last posted its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.33). HSBC had a net margin of 19.02% and a return on equity of 12.89%. The firm had revenue of $13.02 billion for the quarter. As a group, analysts anticipate that HSBC will post 7.24 earnings per share for the current year.

HSBC Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Friday, March 8th will be issued a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a yield of 15.90%. This is a boost from HSBC’s previous quarterly dividend of $0.50. The ex-dividend date is Thursday, March 7th. HSBC’s dividend payout ratio is presently 108.42%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley lifted its position in shares of HSBC by 0.9% during the third quarter. Morgan Stanley now owns 8,374,688 shares of the financial services provider’s stock valued at $330,465,000 after buying an additional 73,129 shares during the last quarter. Sanders Capital LLC lifted its position in shares of HSBC by 29.0% during the third quarter. Sanders Capital LLC now owns 95,080 shares of the financial services provider’s stock valued at $3,752,000 after buying an additional 21,380 shares during the last quarter. American Century Companies Inc. lifted its position in shares of HSBC by 39.4% during the third quarter. American Century Companies Inc. now owns 698,250 shares of the financial services provider’s stock valued at $27,553,000 after buying an additional 197,283 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of HSBC during the third quarter valued at about $3,239,000. Finally, MRP Capital Investments LLC lifted its position in shares of HSBC by 42,726.5% during the third quarter. MRP Capital Investments LLC now owns 85,653 shares of the financial services provider’s stock valued at $3,380,000 after buying an additional 85,453 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors.

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.