HSBC Holdings plc (NYSE:HSBC) Given Consensus Rating of “Hold” by Analysts

HSBC Holdings plc (NYSE:HSBC) has received an average recommendation of “Hold” from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a strong buy rating to the company.

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

HSBC Trading Down 0.6 %

NYSE:HSBC opened at $45.65 on Friday. HSBC has a 52-week low of $35.30 and a 52-week high of $46.07. The company has a quick ratio of 0.96, a current ratio of 0.89 and a debt-to-equity ratio of 0.65. The stock has a fifty day simple moving average of $43.31 and a 200-day simple moving average of $42.78. The company has a market capitalization of $171.21 billion, a PE ratio of 7.87, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56.

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

HSBC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 16th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.38%. The ex-dividend date was Friday, August 16th. HSBC’s payout ratio is 34.14%.

Institutional Trading of HSBC

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Richardson Financial Services Inc. acquired a new stake in shares of HSBC during the fourth quarter worth $27,000. Rise Advisors LLC acquired a new stake in HSBC in the 1st quarter worth about $34,000. Family Firm Inc. purchased a new stake in HSBC in the 2nd quarter valued at about $36,000. RFP Financial Group LLC lifted its holdings in shares of HSBC by 126.1% during the 1st quarter. RFP Financial Group LLC now owns 1,031 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 575 shares during the period. Finally, Ridgewood Investments LLC purchased a new stake in HSBC in the second quarter valued at approximately $47,000. 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.