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

HSBC Holdings plc (NYSE:HSBC) has received a consensus rating of “Hold” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have issued 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.

Hedge Funds Weigh In On HSBC

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Richardson Financial Services Inc. acquired a new position in HSBC during the fourth quarter worth $27,000. Rise Advisors LLC acquired a new position in shares of HSBC during the 1st quarter worth $34,000. Family Firm Inc. purchased a new position in shares of HSBC in the 2nd quarter valued at about $36,000. RFP Financial Group LLC boosted its holdings in HSBC by 126.1% during the first 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. Finally, Ridgewood Investments LLC acquired a new position in HSBC during the second quarter worth about $47,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Stock Performance

Shares of HSBC stock opened at $45.65 on Friday. The stock has a market capitalization of $171.21 billion, a price-to-earnings ratio of 7.87, a PEG ratio of 0.98 and a beta of 0.56. The firm’s fifty day simple moving average is $43.31 and its 200-day simple moving average is $42.78. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.89 and a quick ratio of 0.96. HSBC has a 12 month low of $35.30 and a 12 month high of $46.07.

HSBC (NYSE:HSBC) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $1.65 EPS for the quarter. HSBC had a net margin of 15.61% and a return on equity of 10.60%. The business had revenue of $16.54 billion during the quarter. As a group, equities analysts forecast that HSBC will post 5.74 earnings per share for the current year.

HSBC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 16th were given a $0.50 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.00 dividend on an annualized basis and a yield of 4.38%. HSBC’s payout ratio is currently 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.