HSBC (NYSE:HSBC) Downgraded to Sell Rating by StockNews.com

HSBC (NYSE:HSBC) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Monday.

HSBC has been the subject of a number of other research reports. Royal Bank of Canada restated a “sector perform” rating on shares of HSBC in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft cut HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

HSBC Stock Performance

Shares of NYSE:HSBC traded up $0.44 during trading on Monday, hitting $60.35. The company’s stock had a trading volume of 3,875,283 shares, compared to its average volume of 2,505,397. The company has a 50-day moving average of $52.46 and a 200-day moving average of $47.87. HSBC has a 12 month low of $36.93 and a 12 month high of $61.42. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.96. The firm has a market cap of $216.15 billion, a price-to-earnings ratio of 9.73, a P/E/G ratio of 1.05 and a beta of 0.54.

HSBC (NYSE:HSBC) last issued its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.04. The business had revenue of $11.56 billion during the quarter, compared to analysts’ expectations of $13.79 billion. HSBC had a return on equity of 12.20% and a net margin of 16.17%. On average, sell-side analysts expect that HSBC will post 6.66 earnings per share for the current year.

Hedge Funds Weigh In On HSBC

Institutional investors have recently bought and sold shares of the stock. Berbice Capital Management LLC purchased a new position in HSBC during the fourth quarter valued at $25,000. Venturi Wealth Management LLC boosted its position in shares of HSBC by 58.2% during the 4th quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 210 shares during the last quarter. CoreCap Advisors LLC boosted its position in shares of HSBC by 342.9% during the 4th quarter. CoreCap Advisors LLC now owns 589 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 456 shares during the last quarter. Whipplewood Advisors LLC bought a new position in shares of HSBC during the 4th quarter valued at approximately $30,000. Finally, Larson Financial Group LLC boosted its position in shares of HSBC by 138.5% during the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 450 shares during the last quarter. 1.48% of the stock is owned by hedge funds and other 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.