HSBC lowered shares of HSBC Holdings PLC (NYSE:HSBC) from a buy rating to a neutral rating in a report released on Tuesday morning.

Other analysts have also recently issued research reports about the stock. Beaufort Securities reiterated a buy rating on shares of HSBC Holdings PLC in a research note on Tuesday, July 5th. Goldman Sachs Group Inc. cut shares of HSBC Holdings PLC to a buy rating in a research note on Wednesday, June 29th. Credit Suisse Group AG reiterated a buy rating on shares of HSBC Holdings PLC in a research note on Sunday, June 12th. Investec upgraded shares of HSBC Holdings PLC from a hold rating to a buy rating in a research note on Tuesday, May 17th. Finally, Societe Generale reiterated a buy rating on shares of HSBC Holdings PLC in a research note on Monday, June 20th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $36.48.

HSBC Holdings PLC (NYSE:HSBC) opened at 37.17 on Tuesday. The company has a market capitalization of $132.62 billion, a PE ratio of 15.39 and a beta of 1.22. The firm has a 50-day moving average of $35.54 and a 200-day moving average of $32.72. HSBC Holdings PLC has a 52 week low of $28.62 and a 52 week high of $40.96.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 28th. Investors of record on Friday, August 12th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date is Wednesday, August 10th. HSBC Holdings PLC’s dividend payout ratio is 81.63%.

Institutional investors have recently added to or reduced their stakes in the company. Fisher Asset Management LLC boosted its position in HSBC Holdings PLC by 13.9% in the first quarter. Fisher Asset Management LLC now owns 13,000,841 shares of the company’s stock worth $414,987,000 after buying an additional 1,587,970 shares in the last quarter. Renaissance Technologies LLC bought a new position in HSBC Holdings PLC during the first quarter worth about $31,940,000. Cambiar Investors LLC boosted its position in HSBC Holdings PLC by 11.8% in the second quarter. Cambiar Investors LLC now owns 4,983,252 shares of the company’s stock worth $156,026,000 after buying an additional 524,371 shares in the last quarter. Bessemer Group Inc. boosted its position in HSBC Holdings PLC by 22.5% in the first quarter. Bessemer Group Inc. now owns 2,770,001 shares of the company’s stock worth $86,202,000 after buying an additional 508,649 shares in the last quarter. Finally, FMR LLC boosted its position in HSBC Holdings PLC by 7.4% in the second quarter. FMR LLC now owns 7,040,122 shares of the company’s stock worth $220,426,000 after buying an additional 487,099 shares in the last quarter. Institutional investors and hedge funds own 2.43% of the company’s stock.

About HSBC Holdings PLC

HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through approximately four businesses, such as Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB).

5 Day Chart for NYSE:HSBC

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