HSBC Holdings plc (NYSE:HSBC) Receives Consensus Recommendation of "Moderate Buy" from Analysts

HSBC Holdings plc (NYSE:HSBC - Get Free Report) has earned an average recommendation of "Moderate Buy" from the five analysts that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company.

Several equities research analysts recently issued reports on HSBC shares. Royal Bank of Canada reissued a "sector perform" rating on shares of HSBC in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft lowered shares of HSBC from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Barclays raised HSBC from an "equal weight" rating to an "overweight" rating in a report on Tuesday, March 4th. UBS Group restated a "neutral" rating on shares of HSBC in a research note on Thursday, March 6th. Finally, StockNews.com upgraded shares of HSBC from a "sell" rating to a "hold" rating in a research report on Tuesday, March 11th.

HSBC Stock Up 2.5 %

Shares of NYSE:HSBC traded up $1.37 during trading on Tuesday, hitting $56.50. The company's stock had a trading volume of 1,436,218 shares, compared to its average volume of 1,741,210. HSBC has a fifty-two week low of $39.42 and a fifty-two week high of $61.88. The stock's 50-day moving average price is $55.38 and its two-hundred day moving average price is $51.16. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88. The company has a market capitalization of $201.20 billion, a PE ratio of 9.11, a PEG ratio of 1.05 and a beta of 0.40.

HSBC (NYSE:HSBC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.35. The company had revenue of $17.74 billion during the quarter, compared to analyst estimates of $16.60 billion. HSBC had a net margin of 16.17% and a return on equity of 12.20%. As a group, sell-side analysts expect that HSBC will post 6.66 EPS for the current year.

HSBC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, March 7th were given a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 12.74%. The ex-dividend date of this dividend was Friday, March 7th. HSBC's dividend payout ratio (DPR) is presently 32.26%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Berbice Capital Management LLC acquired a new position in shares of HSBC in the 4th quarter worth approximately $25,000. Venturi Wealth Management LLC grew its position in HSBC by 58.2% in the fourth quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider's stock worth $28,000 after buying an additional 210 shares during the last quarter. CoreCap Advisors LLC increased its holdings in shares of HSBC by 342.9% in the fourth quarter. CoreCap Advisors LLC now owns 589 shares of the financial services provider's stock valued at $29,000 after buying an additional 456 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of HSBC during the 4th quarter valued at $30,000. Finally, Wayfinding Financial LLC acquired a new position in shares of HSBC in the 1st quarter worth $30,000. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Company Profile

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.