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

HSBC Holdings plc (NYSE:HSBC – Get Rating) has been assigned a consensus rating of “Hold” from the seventeen analysts that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $681.75.

A number of brokerages have recently commented on HSBC. Jefferies Financial Group upgraded HSBC from a “hold” rating to a “buy” rating in a report on Thursday, January 5th. Deutsche Bank Aktiengesellschaft raised HSBC from a “hold” rating to a “buy” rating in a report on Monday, January 16th. Berenberg Bank boosted their price target on shares of HSBC from GBX 625 ($7.54) to GBX 780 ($9.41) in a research report on Thursday, February 23rd. JPMorgan Chase & Co. increased their target price on HSBC from GBX 570 ($6.88) to GBX 650 ($7.84) in a report on Tuesday, February 28th. Finally, Barclays boosted their price objective on shares of HSBC from GBX 780 ($9.41) to GBX 840 ($10.14) in a research report on Wednesday, February 22nd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Hoey Investments Inc. bought a new stake in shares of HSBC in the 2nd quarter valued at $36,000. UMB Bank n.a. raised its holdings in shares of HSBC by 52.5% in the third quarter. UMB Bank n.a. now owns 1,414 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 487 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of HSBC by 77.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,428 shares of the financial services provider’s stock worth $37,000 after buying an additional 622 shares in the last quarter. Ronald Blue Trust Inc. lifted its holdings in HSBC by 131.0% during the third quarter. Ronald Blue Trust Inc. now owns 1,243 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 705 shares during the period. Finally, Financial Management Professionals Inc. boosted its holdings in shares of HSBC by 509.8% in the 4th quarter. Financial Management Professionals Inc. now owns 1,311 shares of the financial services provider’s stock worth $41,000 after buying an additional 1,096 shares during the last quarter. 1.26% of the stock is owned by institutional investors.

HSBC Stock Up 0.7 %

HSBC stock opened at $37.24 on Monday. The firm has a market cap of $147.02 billion, a PE ratio of 10.12, a PEG ratio of 0.38 and a beta of 0.60. The company has a fifty day simple moving average of $35.85 and a 200 day simple moving average of $31.31. HSBC has a 1 year low of $24.77 and a 1 year high of $39.63. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.51.

HSBC Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 27th. Investors of record on Friday, March 3rd will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Thursday, March 2nd. This represents a $4.60 dividend on an annualized basis and a yield of 12.35%. This is a positive change from HSBC’s previous quarterly dividend of $0.45. HSBC’s payout ratio is currently 67.39%.

About HSBC

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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.