HSBC Holdings plc (NYSE:HSBC) Given Average Recommendation of “Hold” by Analysts

Shares of HSBC Holdings plc (NYSE:HSBC) have been assigned an average rating of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company.

Separately, Dbs Bank raised HSBC to a “strong-buy” rating in a research report on Wednesday, July 31st.

Hedge Funds Weigh In On HSBC

Large investors have recently made changes to their positions in the business. Richardson Financial Services Inc. acquired a new position in shares of HSBC during the 4th quarter worth about $27,000. Rise Advisors LLC acquired a new position in shares of HSBC during the 1st quarter worth about $34,000. Addison Advisors LLC lifted its position in shares of HSBC by 74.8% during the 4th quarter. Addison Advisors LLC now owns 895 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 383 shares during the last quarter. Family Firm Inc. acquired a new position in shares of HSBC during the 2nd quarter worth about $36,000. Finally, Benjamin F. Edwards & Company Inc. increased its stake in HSBC by 38.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 940 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 263 shares during the period. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Price Performance

Shares of NYSE:HSBC opened at $41.22 on Friday. HSBC has a fifty-two week low of $35.30 and a fifty-two week high of $45.53. The business has a 50-day moving average of $43.39 and a two-hundred day moving average of $41.62. The stock has a market capitalization of $154.61 billion, a P/E ratio of 7.11, a P/E/G ratio of 0.92 and a beta of 0.58. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.89 and a quick ratio of 0.96.

HSBC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 16th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.00 annualized dividend and a dividend yield of 4.85%. HSBC’s dividend payout ratio is presently 34.14%.

About HSBC

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.