HSBC (NYSE:HSBC) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of HSBC (NYSE:HSBC) from a sell rating to a hold rating in a research note published on Tuesday morning.

Several other equities analysts have also issued reports on HSBC. Barclays raised HSBC from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 4th. UBS Group reaffirmed a “neutral” rating on shares of HSBC in a research report on Thursday, March 6th. Deutsche Bank Aktiengesellschaft lowered HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada reissued a “sector perform” rating on shares of HSBC in a research report on Monday, February 3rd. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

HSBC Stock Performance

Shares of HSBC stock opened at $55.42 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $197.70 billion, a P/E ratio of 8.94, a P/E/G ratio of 1.05 and a beta of 0.51. The business has a fifty day simple moving average of $53.55 and a two-hundred day simple moving average of $48.52. HSBC has a 12 month low of $37.38 and a 12 month high of $61.88.

HSBC (NYSE:HSBC) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.41 by $0.04. The business had revenue of $11.56 billion during the quarter, compared to analyst estimates of $13.79 billion. HSBC had a return on equity of 12.20% and a net margin of 16.17%. On average, equities analysts forecast that HSBC will post 6.66 earnings per share for the current fiscal year.

HSBC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 7th will be given a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 12.99%. The ex-dividend date of this dividend is Friday, March 7th. HSBC’s dividend payout ratio (DPR) is 115.81%.

Hedge Funds Weigh In On HSBC

A number of hedge funds have recently bought and sold shares of the business. Addison Advisors LLC grew its stake in shares of HSBC by 33.1% during the 3rd quarter. Addison Advisors LLC now owns 1,940 shares of the financial services provider’s stock valued at $88,000 after purchasing an additional 482 shares during the period. Nations Financial Group Inc. IA ADV grew its stake in shares of HSBC by 5.5% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 10,217 shares of the financial services provider’s stock valued at $462,000 after purchasing an additional 535 shares during the period. Prime Capital Investment Advisors LLC grew its stake in shares of HSBC by 4.3% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 8,268 shares of the financial services provider’s stock valued at $374,000 after purchasing an additional 341 shares during the period. MQS Management LLC bought a new stake in shares of HSBC during the 3rd quarter valued at about $439,000. Finally, Huntington National Bank grew its stake in shares of HSBC by 11.9% during the 3rd quarter. Huntington National Bank now owns 2,122 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 226 shares during the period. Hedge funds and other institutional investors own 1.48% of the company’s stock.

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.