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

Shares of HSBC Holdings plc (NYSE:HSBC) have been given a consensus recommendation of “Hold” by the twelve ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company.

A number of analysts have weighed in on the stock. Zacks Research cut shares of HSBC from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. Citigroup downgraded shares of HSBC from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Royal Bank Of Canada reissued a “sector perform” rating on shares of HSBC in a research report on Monday. Erste Group Bank downgraded shares of HSBC from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of HSBC in a research report on Tuesday, June 23rd.

HSBC Stock Up 1.7%

Shares of HSBC stock opened at $104.10 on Monday. The company has a quick ratio of 0.92, a current ratio of 0.85 and a debt-to-equity ratio of 0.67. HSBC has a 52-week low of $63.54 and a 52-week high of $107.92. The company has a market capitalization of $357.76 billion, a P/E ratio of 14.77, a P/E/G ratio of 0.97 and a beta of 0.57. The company has a 50 day moving average of $100.09 and a 200 day moving average of $92.31.

HSBC (NYSE:HSBC) last released its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.01. The business had revenue of $19.04 billion during the quarter, compared to analysts’ expectations of $18.66 billion. HSBC had a net margin of 18.19% and a return on equity of 13.80%. As a group, research analysts forecast that HSBC will post 8.57 EPS for the current fiscal year.

HSBC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, August 14th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, August 14th. HSBC’s payout ratio is presently 28.09%.

Institutional Investors Weigh In On HSBC

Institutional investors and hedge funds have recently made changes to their positions in the business. Transamerica Financial Advisors LLC grew 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 buying an additional 244 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in HSBC during the 3rd quarter worth approximately $26,000. Binnacle Investments Inc lifted its holdings in shares of 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 buying an additional 198 shares during the period. Ballast Advisors LLC purchased a new stake in shares of HSBC in the first quarter valued at approximately $36,000. Finally, Western Wealth Management LLC purchased a new position in HSBC in the first quarter worth $37,000. 1.48% of the stock is owned by hedge funds and other institutional investors.

More HSBC News

Here are the key news stories impacting HSBC this week:

• Positive Sentiment: Share buyback continues: HSBC repurchased additional shares under its global buyback program, with more than 16 million shares previously cancelled. Ongoing buybacks reduce the share count and can support earnings per share and valuation. HSBC Advances Global Share Buy-Back With Fresh Repurchases
• Positive Sentiment: Digital payments and treasury opportunity: HSBC and Standard Chartered are reportedly using tokenized deposits on a SWIFT-linked ledger, potentially improving cross-border settlement and strengthening HSBC’s position in institutional digital banking. XRP’s Cross-Border Battle Heats Up
• Positive Sentiment: Adoption of forex AI: HSBC has joined Citi and Standard Chartered in adopting Ant International’s upgraded artificial-intelligence tool for foreign-exchange and liquidity-risk management. The move could improve operational efficiency and support HSBC’s technology strategy. Citi, HSBC, StanChart Adopt Ant International’s Forex AI Tool
• Neutral Sentiment: Macro views: HSBC economists said weaker economic data could benefit Treasuries, while warning that Indonesia may still need rate hikes if El Niño raises inflation. These views may affect HSBC’s trading and markets outlook but do not directly change company earnings guidance. HSBC’s Kettner Sees Negative Economic Surprises Boosting Treasuries
• Neutral Sentiment: Business activity remains subdued: The latest HSBC PMI indicated that private-sector growth improved in August but remained weak, highlighting a mixed economic backdrop for corporate lending and transaction volumes. HSBC PMI: Private Sector Growth Rises in August but Remains Subdued
• Negative Sentiment: Senior-bankers’ departures and restructuring: HSBC reportedly spent about $68 million on its biggest senior-banker reduction since the financial crisis, and leveraged-finance banker Vikram Lamba has departed. The cuts may improve long-term costs but raise concerns about revenue pressure, morale and the loss of experienced staff. HSBC Spends $68 Million on Senior Banker Cuts
• Negative Sentiment: Minor dilution from employee awards: HSBC granted conditional awards over 286,184 ordinary shares. The amount is small relative to the company’s share count, but could modestly dilute existing shareholders. HSBC Grants New Conditional Share Awards

About HSBC

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.