HSBC (NYSE:HSBC) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of HSBC (NYSE:HSBC – Get Rating) in a report released on Thursday. The firm issued a hold rating on the financial services provider’s stock.

HSBC has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft upgraded HSBC from a hold rating to a buy rating in a research report on Monday, January 16th. Berenberg Bank increased their price objective on HSBC from GBX 625 ($7.62) to GBX 780 ($9.51) in a research report on Thursday, February 23rd. Jefferies Financial Group upgraded HSBC from a hold rating to a buy rating in a research report on Thursday, January 5th. Royal Bank of Canada increased their price objective on HSBC from GBX 750 ($9.14) to GBX 775 ($9.45) in a research report on Friday, February 24th. Finally, JPMorgan Chase & Co. increased their price objective on HSBC from GBX 570 ($6.95) to GBX 650 ($7.92) in a research report on Tuesday, February 28th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $678.22.

HSBC Trading Down 4.1 %

NYSE:HSBC opened at $33.08 on Thursday. The company has a market cap of $130.60 billion, a P/E ratio of 8.99, a P/E/G ratio of 0.34 and a beta of 0.60. The stock’s fifty day moving average price is $36.57 and its two-hundred day moving average price is $31.60. HSBC has a 1 year low of $24.77 and a 1 year high of $39.63. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.90 and a quick ratio of 0.90.

HSBC Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 27th. Investors of record on Friday, March 3rd will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 13.91%. The ex-dividend date of this dividend is Thursday, March 2nd. This is a boost from HSBC’s previous quarterly dividend of $0.45. HSBC’s dividend payout ratio is currently 43.21%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HSBC. Hoey Investments Inc. bought a new position in shares of HSBC during the second quarter valued at about $36,000. UMB Bank n.a. grew its stake in shares of HSBC by 52.5% during the third quarter. UMB Bank n.a. now owns 1,414 shares of the financial services provider’s stock valued at $37,000 after buying an additional 487 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of HSBC by 77.2% during the third quarter. EverSource Wealth Advisors LLC now owns 1,428 shares of the financial services provider’s stock valued at $37,000 after buying an additional 622 shares during the last quarter. Ronald Blue Trust Inc. grew its stake in shares of HSBC by 131.0% during the third quarter. Ronald Blue Trust Inc. now owns 1,243 shares of the financial services provider’s stock valued at $41,000 after buying an additional 705 shares during the last quarter. Finally, Financial Management Professionals Inc. grew its stake in shares of HSBC by 509.8% during the fourth quarter. Financial Management Professionals Inc. now owns 1,311 shares of the financial services provider’s stock valued at $41,000 after buying an additional 1,096 shares during the last quarter. 1.26% of the stock is owned by institutional investors.

About HSBC

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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.