Societe Generale lowered shares of HSBC (NYSE:HSBC) from a buy rating to a hold rating in a research note released on Monday, Marketbeat Ratings reports.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research raised shares of HSBC from a sell rating to a hold rating in a research note on Tuesday, August 28th. ValuEngine downgraded shares of HSBC from a hold rating to a sell rating in a research note on Monday, July 2nd. DZ Bank reissued a sell rating on shares of HSBC in a research report on Monday, August 6th. Finally, JPMorgan Chase & Co. raised shares of HSBC from a neutral rating to an overweight rating in a research report on Tuesday, July 10th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. HSBC has an average rating of Hold.

NYSE HSBC opened at $43.61 on Monday. HSBC has a 1-year low of $42.46 and a 1-year high of $55.89. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.96 and a current ratio of 0.90. The firm has a market capitalization of $172.15 billion, a PE ratio of 21.57, a P/E/G ratio of 1.96 and a beta of 0.80.

HSBC (NYSE:HSBC) last posted its quarterly earnings results on Monday, August 6th. The financial services provider reported $1.05 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.05. The company had revenue of $13.58 billion during the quarter. sell-side analysts predict that HSBC will post 3.65 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the business. Fisher Asset Management LLC increased its position in HSBC by 3.7% during the second quarter. Fisher Asset Management LLC now owns 15,263,372 shares of the financial services provider’s stock worth $719,515,000 after buying an additional 547,544 shares during the last quarter. Dimensional Fund Advisors LP increased its position in HSBC by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 12,338,821 shares of the financial services provider’s stock worth $581,652,000 after buying an additional 63,409 shares during the last quarter. Matthews International Capital Management LLC increased its position in HSBC by 20.2% during the first quarter. Matthews International Capital Management LLC now owns 2,312,937 shares of the financial services provider’s stock worth $110,258,000 after buying an additional 388,400 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in HSBC by 0.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 358,773 shares of the financial services provider’s stock worth $16,913,000 after buying an additional 1,757 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in HSBC by 0.7% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 318,045 shares of the financial services provider’s stock worth $15,161,000 after buying an additional 2,060 shares during the last quarter. 2.57% of the stock is currently owned by hedge funds and other institutional investors.

HSBC Company Profile

HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.

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Analyst Recommendations for HSBC (NYSE:HSBC)

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