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

Shares of HSBC Holdings plc (NYSE:HSBC) have been assigned an average rating of “Hold” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company.

HSBC has been the topic of several recent analyst reports. Barclays reiterated an “equal weight” rating on shares of HSBC in a report on Wednesday, March 27th. BNP Paribas cut HSBC from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 16th.

Institutional Trading of HSBC

A number of institutional investors have recently modified their holdings of HSBC. Milestone Investment Advisors LLC bought a new stake in shares of HSBC during the 3rd quarter valued at $26,000. Richardson Financial Services Inc. bought a new stake in shares of HSBC during the 4th quarter valued at $27,000. Assetmark Inc. bought a new stake in shares of HSBC during the 3rd quarter valued at $30,000. Rise Advisors LLC bought a new stake in shares of HSBC during the 1st quarter valued at $34,000. Finally, Addison Advisors LLC lifted its position in shares of HSBC by 74.8% during the 4th quarter. Addison Advisors LLC now owns 895 shares of the financial services provider’s stock worth $36,000 after buying an additional 383 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors.

HSBC Price Performance

Shares of HSBC stock opened at $44.78 on Friday. The stock has a 50-day moving average price of $40.13 and a 200 day moving average price of $39.29. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.51. The firm has a market cap of $169.34 billion, a price-to-earnings ratio of 7.72, a PEG ratio of 1.00 and a beta of 0.58. HSBC has a 12 month low of $35.30 and a 12 month high of $44.82.

HSBC (NYSE:HSBC) last issued its earnings results on Wednesday, February 21st. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.33). HSBC had a return on equity of 10.80% and a net margin of 16.13%. The company had revenue of $13.02 billion for the quarter. Research analysts expect that HSBC will post 6.77 EPS for the current year.

HSBC Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 10th will be paid a $0.50 dividend. The ex-dividend date is Thursday, May 9th. This represents a $2.00 annualized dividend and a yield of 4.47%. HSBC’s dividend payout ratio (DPR) is presently 106.55%.

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.