HSBC Holdings plc (NYSE:HSBC) Receives Average Rating of "Moderate Buy" from Analysts

HSBC Holdings plc (NYSE:HSBC - Get Free Report) has been given a consensus rating of "Moderate Buy" by the six research firms that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $63.00.

Separately, Bank of America reissued a "neutral" rating and set a $63.00 target price on shares of HSBC in a research report on Tuesday, June 3rd.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC grew its stake in HSBC by 23.2% during the 4th quarter. Orion Portfolio Solutions LLC now owns 41,933 shares of the financial services provider's stock worth $2,074,000 after buying an additional 7,908 shares during the last quarter. National Bank of Canada FI grew its stake in HSBC by 739.7% during the 4th quarter. National Bank of Canada FI now owns 15,577 shares of the financial services provider's stock worth $770,000 after buying an additional 13,722 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of HSBC in the 4th quarter valued at approximately $3,998,000. Charles Schwab Investment Management Inc. grew its stake in shares of HSBC by 21.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 261,135 shares of the financial services provider's stock valued at $12,916,000 after purchasing an additional 45,387 shares during the last quarter. Finally, TrueMark Investments LLC purchased a new position in shares of HSBC in the 1st quarter valued at approximately $2,616,000. Hedge funds and other institutional investors own 1.48% of the company's stock.

HSBC Stock Up 1.2%

HSBC stock traded up $0.73 during mid-day trading on Friday, reaching $62.55. The company had a trading volume of 2,167,878 shares, compared to its average volume of 1,760,400. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.93 and a current ratio of 0.93. HSBC has a fifty-two week low of $39.42 and a fifty-two week high of $62.87. The company has a market capitalization of $218.40 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 1.97 and a beta of 0.57. The firm has a fifty day simple moving average of $59.71 and a 200 day simple moving average of $55.94.

HSBC (NYSE:HSBC - Get Free Report) last issued its earnings results 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. HSBC had a return on equity of 12.55% and a net margin of 14.55%. The business had revenue of $17.74 billion for the quarter, compared to analyst estimates of $16.60 billion. Analysts forecast that HSBC will post 6.66 earnings per share for the current fiscal year.

HSBC Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, June 20th. Investors of record on Monday, May 12th were paid a dividend of $0.495 per share. The ex-dividend date was Friday, May 9th. This represents a yield of 3.5%. HSBC's dividend payout ratio is presently 36.33%.

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.