HSBC Holdings PLC (NYSE:HSBC) has received an average recommendation of “Hold” from the twenty-two brokerages that are covering the firm. Five investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $36.48.

HSBC has been the topic of several recent analyst reports. BNP Paribas raised HSBC Holdings PLC from an “underperform” rating to a “neutral” rating in a research note on Monday, June 27th. Societe Generale reaffirmed a “buy” rating on shares of HSBC Holdings PLC in a research note on Monday, June 20th. Deutsche Bank AG reaffirmed a “hold” rating on shares of HSBC Holdings PLC in a research note on Thursday, May 26th. Beaufort Securities reissued a “buy” rating on shares of HSBC Holdings PLC in a research note on Friday, August 5th. Finally, Citigroup Inc. downgraded HSBC Holdings PLC from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 13th.

Hedge funds and other institutional investors have recently modified their holdings of the stock. BB&T Securities LLC increased its position in shares of HSBC Holdings PLC by 17.4% in the first quarter. BB&T Securities LLC now owns 40,789 shares of the company’s stock worth $1,269,000 after buying an additional 6,040 shares in the last quarter. Bessemer Group Inc. increased its position in shares of 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. Hutchinson Capital Management CA increased its position in shares of HSBC Holdings PLC by 130.6% in the first quarter. Hutchinson Capital Management CA now owns 245,810 shares of the company’s stock worth $7,649,000 after buying an additional 139,231 shares in the last quarter. BlackRock Institutional Trust Company N.A. acquired a new position in shares of HSBC Holdings PLC during the first quarter worth $334,000. Finally, Franklin Resources Inc. increased its position in shares of HSBC Holdings PLC by 2.9% in the first quarter. Franklin Resources Inc. now owns 1,406,569 shares of the company’s stock worth $43,772,000 after buying an additional 39,047 shares in the last quarter. Institutional investors and hedge funds own 2.43% of the company’s stock.

HSBC Holdings PLC (NYSE:HSBC) opened at 37.17 on Wednesday. HSBC Holdings PLC has a 52-week low of $28.62 and a 52-week high of $40.96. The company’s 50-day moving average price is $35.54 and its 200 day moving average price is $32.72. The stock has a market capitalization of $132.62 billion, a P/E ratio of 15.39 and a beta of 1.22.

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

HSBC Holdings PLC Company Profile

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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