HSBC Holdings PLC (NYSE:HSBC) has been assigned an average recommendation of “Hold” from the twenty-two analysts that are presently covering the company. Five analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $36.48.

Several research firms recently weighed in on HSBC. Citigroup Inc. cut HSBC Holdings PLC from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 13th. HSBC cut HSBC Holdings PLC from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 13th. Zacks Investment Research upgraded HSBC Holdings PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, August 30th. Investec restated a “buy” rating on shares of HSBC Holdings PLC in a research note on Friday, August 26th. Finally, Vetr cut HSBC Holdings PLC from a “strong-buy” rating to a “buy” rating and set a $36.48 target price for the company. in a research note on Wednesday, August 10th.

Large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new stake in HSBC Holdings PLC during the first quarter valued at approximately $31,940,000. Envestnet Asset Management Inc. boosted its stake in HSBC Holdings PLC by 9.6% in the first quarter. Envestnet Asset Management Inc. now owns 371,097 shares of the company’s stock valued at $11,549,000 after buying an additional 32,480 shares during the period. Stephens Inc. AR boosted its stake in HSBC Holdings PLC by 11.4% in the second quarter. Stephens Inc. AR now owns 24,394 shares of the company’s stock valued at $764,000 after buying an additional 2,501 shares during the period. Fisher Asset Management LLC boosted its stake 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 valued at $414,987,000 after buying an additional 1,587,970 shares during the period. Finally, BlackRock Institutional Trust Company N.A. bought a new stake in HSBC Holdings PLC during the first quarter valued at approximately $334,000. Institutional investors and hedge funds own 2.43% of the company’s stock.

Shares of HSBC Holdings PLC (NYSE:HSBC) opened at 37.17 on Wednesday. The firm has a market cap of $132.62 billion, a PE ratio of 15.39 and a beta of 1.22. The stock’s 50 day moving average is $35.54 and its 200-day moving average is $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 declared a quarterly dividend, which will be paid on Wednesday, September 28th. Stockholders of record on Friday, August 12th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.38%. The ex-dividend date is Wednesday, August 10th. HSBC Holdings PLC’s dividend payout ratio (DPR) is presently 81.63%.

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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