HSBC Holdings plc (NYSE:HSBC) Receives Average Rating of “Hold” from Brokerages

Shares of HSBC Holdings plc (NYSE:HSBC) have earned a consensus rating of “Hold” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has given a strong buy recommendation to the company.

Separately, Dbs Bank raised HSBC to a “strong-buy” rating in a report on Wednesday, July 31st.

HSBC Price Performance

Shares of NYSE HSBC opened at $44.17 on Friday. HSBC has a fifty-two week low of $35.30 and a fifty-two week high of $45.53. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.96 and a current ratio of 0.89. The company has a market capitalization of $165.68 billion, a price-to-earnings ratio of 7.62, a P/E/G ratio of 0.94 and a beta of 0.56. The company has a 50 day simple moving average of $43.10 and a two-hundred day simple moving average of $42.53.

HSBC (NYSE:HSBC) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.65 earnings per share (EPS) for the quarter. The firm had revenue of $16.54 billion during the quarter. HSBC had a return on equity of 10.60% and a net margin of 15.61%. Analysts expect that HSBC will post 5.74 EPS for the current fiscal year.

HSBC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 16th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.53%. The ex-dividend date is Friday, August 16th. HSBC’s payout ratio is currently 34.14%.

Institutional Investors Weigh In On HSBC

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Beacon Pointe Advisors LLC grew its position in shares of HSBC by 8.6% during the 4th quarter. Beacon Pointe Advisors LLC now owns 7,047 shares of the financial services provider’s stock valued at $286,000 after acquiring an additional 558 shares during the period. Coldstream Capital Management Inc. purchased a new stake in HSBC in the fourth quarter worth about $295,000. Assetmark Inc. raised its stake in shares of HSBC by 198.4% in the fourth quarter. Assetmark Inc. now owns 2,295 shares of the financial services provider’s stock worth $93,000 after buying an additional 1,526 shares during the period. Advisory Services Network LLC purchased a new position in shares of HSBC during the 4th quarter valued at about $162,000. Finally, Dorsey & Whitney Trust CO LLC grew its stake in shares of HSBC by 2.7% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 23,839 shares of the financial services provider’s stock valued at $966,000 after acquiring an additional 635 shares during the period. Hedge funds and other institutional investors own 1.48% of the company’s stock.

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.