HSBC Holdings plc (NYSE:HSBC) Given Consensus Rating of “Hold” by Brokerages

Shares of HSBC Holdings plc (NYSE:HSBCGet Free Report) have earned an average recommendation of “Hold” from the eleven brokerages that are covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company.

HSBC has been the topic of several analyst reports. Zacks Research lowered HSBC from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. BNP Paribas Exane lowered HSBC from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 14th. The Goldman Sachs Group started coverage on HSBC in a research note on Thursday, March 26th. They issued a “buy” rating on the stock. Royal Bank Of Canada reissued a “sector perform” rating on shares of HSBC in a report on Thursday, May 14th. Finally, Weiss Ratings cut HSBC from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th.

Get Our Latest Research Report on HSBC

Insiders Place Their Bets

In other HSBC news, insider Daniel Scott Palomaki sold 23,123 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $18.11, for a total transaction of $418,757.53. Following the sale, the insider directly owned 4,973 shares of the company’s stock, valued at approximately $90,061.03. This represents a 82.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.01% of the company’s stock.

Institutional Trading of HSBC

Several large investors have recently added to or reduced their stakes in HSBC. Transamerica Financial Advisors LLC raised its position in HSBC by 287.1% in the 4th quarter. Transamerica Financial Advisors LLC now owns 329 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 244 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new position in HSBC in the 3rd quarter valued at $26,000. Binnacle Investments Inc raised its position in HSBC by 80.5% in the 3rd quarter. Binnacle Investments Inc now owns 444 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 198 shares during the last quarter. Western Wealth Management LLC bought a new stake in HSBC during the 1st quarter worth about $37,000. Finally, Cornerstone Planning Group LLC grew its holdings in HSBC by 30.7% during the 4th quarter. Cornerstone Planning Group LLC now owns 498 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 117 shares during the last quarter. 1.48% of the stock is owned by institutional investors.

Trending Headlines about HSBC

Here are the key news stories impacting HSBC this week:

HSBC Price Performance

NYSE:HSBC opened at $89.44 on Wednesday. The company has a 50-day moving average of $90.05 and a 200-day moving average of $84.36. The company has a market capitalization of $307.38 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 0.82 and a beta of 0.56. HSBC has a 52 week low of $58.14 and a 52 week high of $95.61. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.92 and a current ratio of 0.92.

HSBC (NYSE:HSBCGet Free Report) last released its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $0.44 EPS for the quarter. The company had revenue of $19.13 billion during the quarter. HSBC had a net margin of 16.06% and a return on equity of 13.35%. As a group, equities research analysts anticipate that HSBC will post 8.55 earnings per share for the current fiscal year.

HSBC Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.2%. HSBC’s dividend payout ratio (DPR) is presently 32.46%.

About HSBC

(Get Free Report)

HSBC Holdings plc (NYSE: HSBC) is a multinational banking and financial services organization headquartered in London. It traces its origins to the Hongkong and Shanghai Banking Corporation, founded in 1865 to facilitate trade between Europe and Asia, and has since grown into one of the world’s largest banking groups. The company is publicly listed in multiple markets, including the London Stock Exchange, the Hong Kong Stock Exchange and as an American depositary receipt on the New York Stock Exchange.

HSBC operates a universal banking model, serving retail, commercial, corporate and institutional clients.

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Analyst Recommendations for HSBC (NYSE:HSBC)

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