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

Shares of HSBC Holdings plc (NYSE:HSBC) have received a consensus rating of “Hold” from the twelve brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have assigned a buy recommendation to the company.

HSBC has been the topic of a number of research reports. Royal Bank Of Canada reissued a “sector perform” rating on shares of HSBC in a report on Thursday, May 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HSBC in a research note on Monday, August 3rd. Zacks Research cut HSBC from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Citigroup downgraded HSBC from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of HSBC in a report on Tuesday, June 23rd.

HSBC Stock Down 0.1%

Shares of NYSE:HSBC opened at $103.72 on Monday. HSBC has a 1-year low of $63.51 and a 1-year high of $107.92. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.85 and a quick ratio of 0.92. The stock has a market cap of $356.45 billion, a P/E ratio of 14.71, a P/E/G ratio of 0.99 and a beta of 0.57. The firm has a fifty day moving average price of $98.79 and a 200 day moving average price of $91.81.

HSBC (NYSE:HSBC) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.01. HSBC had a net margin of 18.19% and a return on equity of 13.80%. The company had revenue of $19.04 billion for the quarter, compared to analyst estimates of $18.66 billion. Sell-side analysts predict that HSBC will post 8.57 EPS for the current year.

HSBC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, August 14th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, August 14th. HSBC’s payout ratio is currently 28.09%.

Institutional Trading of HSBC

Several hedge funds have recently made changes to their positions in the company. Cornerstone Planning Group LLC boosted its holdings in HSBC by 30.7% in the fourth quarter. Cornerstone Planning Group LLC now owns 498 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 117 shares during the last quarter. Westover Capital Advisors LLC raised its position in shares of HSBC by 1.3% in the 1st quarter. Westover Capital Advisors LLC now owns 9,313 shares of the financial services provider’s stock valued at $768,000 after purchasing an additional 120 shares in the last quarter. Ellevest Inc. boosted its stake in shares of HSBC by 0.7% during the 4th quarter. Ellevest Inc. now owns 18,219 shares of the financial services provider’s stock valued at $1,433,000 after buying an additional 131 shares during the last quarter. Federation des caisses Desjardins du Quebec grew its position in shares of HSBC by 5.3% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 2,658 shares of the financial services provider’s stock worth $209,000 after buying an additional 133 shares in the last quarter. Finally, Integrated Advisors Network LLC raised its holdings in HSBC by 3.9% in the first quarter. Integrated Advisors Network LLC now owns 3,571 shares of the financial services provider’s stock valued at $295,000 after acquiring an additional 134 shares in the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

Key Headlines Impacting HSBC

Here are the key news stories impacting HSBC this week:

• Positive Sentiment: Continued share buybacks: HSBC is advancing its August repurchase program with additional purchases in London and Hong Kong. Buybacks reduce shares outstanding and support earnings per share. HSBC Advances August Share Buy-Back With Further London and Hong Kong Purchases
• Positive Sentiment: Debt reduction through tender offers: HSBC bought back nearly $4.9 billion of 2028 notes in expanded cash tender offers. The move should reduce refinancing exposure and demonstrates active balance-sheet and capital management, although it uses liquidity. HSBC Buys Back Nearly $4.9 Billion of 2028 Notes in Expanded Tender
• Positive Sentiment: Investment in financial-services technology: HSBC Asset Management took an equity stake in London-based Model ML, an artificial-intelligence software company. The investment supports HSBC’s efforts to expand AI applications across financial services. HSBC backs AI financial services software firm Model ML
• Neutral Sentiment: India credit-card promotion: HSBC India will temporarily eliminate foreign-exchange markups on all credit cards beginning August 15. The offer could attract travel-focused customers and increase card usage, but waived fees may pressure near-term card revenue. HSBC India offers zero forex mark-up on all credit cards from August 15
• Neutral Sentiment: HSBC-branded funds posted gains: The HSBC Infrastructure Fund and HSBC Arbitrage Fund ranked among leading funds over the reported periods. This may support asset-management brand visibility, but the performance does not directly change HSBC’s consolidated earnings. HSBC Infrastructure Fund performance
• Negative Sentiment: Potential large shareholder sale: Multifield International Holdings is seeking authorization to dispose of a major HSBC shareholding. A sizable sale could create temporary supply pressure and signal reduced support from a large investor. Multifield Seeks Mandate for Major Disposal of HSBC Shareholding
• Negative Sentiment: Insurance leadership departure: HSBC’s global insurance business head, Moncreiffe, is reportedly leaving. The leadership change could create uncertainty around execution in the insurance division. HSBC global insurance business head departure

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.