Shares of HSBC Holdings plc (NYSE:HSBC – Get Free Report) have earned an average recommendation of “Hold” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company.
Separately, Dbs Bank upgraded HSBC to a “strong-buy” rating in a report on Wednesday, July 31st.
View Our Latest Analysis on HSBC
Institutional Investors Weigh In On HSBC
HSBC Stock Performance
HSBC stock opened at $41.22 on Friday. The stock’s 50-day moving average is $43.39 and its 200-day moving average is $41.62. The company has a market cap of $154.61 billion, a price-to-earnings ratio of 7.11, a price-to-earnings-growth 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 has a 12 month low of $35.30 and a 12 month high of $45.53.
HSBC Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 16th will be paid a $0.50 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.85%. HSBC’s dividend payout ratio (DPR) is currently 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.
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