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

Shares of HSBC Holdings plc (NYSE:HSBC) have received an average rating of “Hold” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company.

Separately, Barclays reiterated an “equal weight” rating on shares of HSBC in a research note on Wednesday, March 27th.

Hedge Funds Weigh In On HSBC

Large investors have recently modified their holdings of the business. Richardson Financial Services Inc. acquired a new stake in shares of HSBC during the fourth quarter worth $27,000. Rise Advisors LLC bought a new stake in shares of HSBC in the first quarter valued at approximately $34,000. Addison Advisors LLC grew its stake in HSBC by 74.8% during the fourth quarter. Addison Advisors LLC now owns 895 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 383 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in HSBC by 38.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 940 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 263 shares in the last quarter. Finally, RFP Financial Group LLC grew its stake in HSBC by 126.1% in the 1st quarter. RFP Financial Group LLC now owns 1,031 shares of the financial services provider’s stock worth $41,000 after buying an additional 575 shares in the last quarter. Institutional investors own 1.48% of the company’s stock.

HSBC Price Performance

Shares of HSBC stock opened at $43.82 on Friday. HSBC has a 12-month low of $35.30 and a 12-month high of $45.46. The firm has a market capitalization of $164.36 billion, a price-to-earnings ratio of 7.56, a price-to-earnings-growth ratio of 1.04 and a beta of 0.58. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.51. The firm has a fifty day moving average of $43.66 and a 200-day moving average of $40.88.

HSBC (NYSE:HSBC) last issued its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.70 EPS for the quarter. The firm had revenue of $20.75 billion for the quarter. HSBC had a net margin of 16.13% and a return on equity of 10.80%. On average, equities research analysts forecast that HSBC will post 6.35 earnings per share for the current year.

HSBC Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, May 10th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.56%. The ex-dividend date of this dividend was Thursday, May 9th. HSBC’s payout ratio is 34.14%.

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.