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

Shares of HSBC Holdings plc (NYSE:HSBC) have been given an average rating of “Hold” by the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has issued a strong buy recommendation on the company.

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

Institutional Investors Weigh In On HSBC

Several institutional investors have recently bought and sold shares of HSBC. Richardson Financial Services Inc. bought a new position in shares of HSBC during the fourth quarter valued at about $27,000. Rise Advisors LLC purchased a new position in shares of HSBC during the first quarter valued at approximately $34,000. Family Firm Inc. bought a new stake in HSBC in the second quarter valued at $36,000. RFP Financial Group LLC lifted its position in shares of HSBC by 126.1% in the 1st quarter. RFP Financial Group LLC now owns 1,031 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 575 shares during the period. Finally, Ridgewood Investments LLC bought a new position in HSBC in the second quarter worth about $47,000. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

HSBC Stock Down 1.2 %

Shares of NYSE:HSBC opened at $44.17 on Friday. The company has a market capitalization of $165.68 billion, a PE ratio of 7.62, a price-to-earnings-growth ratio of 0.94 and a beta of 0.56. HSBC has a 1 year low of $35.30 and a 1 year high of $45.53. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.89 and a quick ratio of 0.96. The business has a fifty day moving average price of $43.10 and a two-hundred day moving average price of $42.53.

HSBC (NYSE:HSBC) last released its earnings results on Wednesday, July 31st. The financial services provider reported $1.65 earnings per share for the quarter. The firm 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%. Analysts forecast that HSBC will post 5.74 earnings per share for the current year.

HSBC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend is Friday, August 16th. HSBC’s dividend payout ratio (DPR) is presently 34.14%.

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.