HSBC Holdings plc (NYSE:HSBC) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of HSBC Holdings plc (NYSE:HSBC) have received an average rating of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company.

Several equities research analysts recently weighed in on the stock. Barclays raised shares of HSBC from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 4th. UBS Group reaffirmed a “neutral” rating on shares of HSBC in a report on Thursday, March 6th. StockNews.com raised shares of HSBC from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. Royal Bank of Canada restated a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft lowered HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd.

HSBC Stock Down 2.4 %

NYSE HSBC opened at $48.20 on Friday. The company has a market cap of $171.62 billion, a price-to-earnings ratio of 7.77, a PEG ratio of 1.05 and a beta of 0.40. HSBC has a 1-year low of $39.42 and a 1-year high of $61.88. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69. The company has a 50 day moving average of $55.61 and a 200-day moving average of $50.27.

HSBC (NYSE:HSBC) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.04. The firm 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, equities research analysts expect that HSBC will post 6.66 earnings per share for the current fiscal year.

HSBC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 7th will be given a $1.80 dividend. The ex-dividend date is Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a yield of 14.94%. HSBC’s dividend payout ratio is currently 115.81%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in HSBC by 14.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 215,748 shares of the financial services provider’s stock valued at $9,750,000 after purchasing an additional 27,495 shares during the last quarter. FMR LLC increased its stake in shares of HSBC by 44.3% in the third quarter. FMR LLC now owns 2,442,205 shares of the financial services provider’s stock valued at $110,363,000 after buying an additional 749,759 shares during the period. BNP Paribas Financial Markets boosted its position in HSBC by 383.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 93,675 shares of the financial services provider’s stock worth $4,233,000 after buying an additional 74,295 shares during the period. HighTower Advisors LLC grew its holdings in HSBC by 18.0% during the 3rd quarter. HighTower Advisors LLC now owns 157,846 shares of the financial services provider’s stock worth $7,135,000 after acquiring an additional 24,080 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its position in HSBC by 1.9% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 14,185 shares of the financial services provider’s stock valued at $641,000 after acquiring an additional 265 shares during the period. 1.48% of the stock is currently owned by institutional investors.

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.