HSBC (NYSE:HSBC) Upgraded at StockNews.com

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

A number of other equities analysts also recently commented on HSBC. Royal Bank of Canada reissued a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd. UBS Group reaffirmed a “neutral” rating on shares of HSBC in a report on Thursday, March 6th. Barclays raised HSBC from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, HSBC has a consensus rating of “Moderate Buy”.

HSBC Trading Down 0.2 %

NYSE:HSBC opened at $55.64 on Tuesday. HSBC has a 12-month low of $37.38 and a 12-month high of $61.88. The firm has a market cap of $198.46 billion, a P/E ratio of 8.97, a PEG ratio of 1.05 and a beta of 0.51. 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 stock’s 50 day simple moving average is $53.81 and its 200-day simple moving average is $48.62.

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

HSBC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be paid a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 12.94%. The ex-dividend date is Friday, March 7th. HSBC’s payout ratio is 115.81%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Bank of Montreal Can raised its holdings in shares of HSBC by 124.3% in the 3rd quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider’s stock worth $7,820,000 after buying an additional 94,991 shares in the last quarter. Wealthstar Advisors LLC acquired a new stake in shares of HSBC in the 4th quarter valued at approximately $664,000. Entropy Technologies LP acquired a new position in shares of HSBC in the 4th quarter valued at $701,000. Ritholtz Wealth Management increased its stake in HSBC by 12.3% during the 4th quarter. Ritholtz Wealth Management now owns 141,108 shares of the financial services provider’s stock worth $6,979,000 after purchasing an additional 15,510 shares in the last quarter. Finally, Perigon Wealth Management LLC acquired a new stake in shares of HSBC in the 4th quarter valued at about $244,000. 1.48% of the stock is owned by institutional investors.

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.