HSBC Holdings PLC (NYSE:HSBC) received a $23.00 target price from equities researchers at Credit Suisse Group AG in a report issued on Thursday. The brokerage presently has a a “buy” rating on the stock. Credit Suisse Group AG’s price target points to a potential downside of 41.37% from the stock’s previous close.

A number of other brokerages have also weighed in on HSBC. Citigroup Inc. upgraded HSBC Holdings PLC from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 8th. Zacks Investment Research lowered HSBC Holdings PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, October 25th. HSBC lowered HSBC Holdings PLC from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 13th. Deutsche Bank AG restated a “hold” rating on shares of HSBC Holdings PLC in a research note on Wednesday, November 2nd. Finally, Investec restated a “buy” rating on shares of HSBC Holdings PLC in a research note on Friday, August 26th. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $29.74.

Analyst Recommendations for HSBC Holdings PLC (NYSE:HSBC)

Shares of HSBC Holdings PLC (NYSE:HSBC) opened at 39.23 on Thursday. HSBC Holdings PLC has a one year low of $28.62 and a one year high of $40.74. The stock has a market capitalization of $53.35 billion, a price-to-earnings ratio of 38.65 and a beta of 1.09. The company has a 50-day moving average of $37.88 and a 200 day moving average of $34.55.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 6th. Investors of record on Friday, October 21st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, October 19th. This represents a $2.00 dividend on an annualized basis and a yield of 5.10%. HSBC Holdings PLC’s dividend payout ratio is currently 81.63%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC increased its stake in shares of HSBC Holdings PLC by 200.2% in the second quarter. Quadrant Capital Group LLC now owns 3,798 shares of the company’s stock valued at $112,000 after buying an additional 2,533 shares during the last quarter. Enterprise Financial Services Corp increased its stake in shares of HSBC Holdings PLC by 417.0% in the third quarter. Enterprise Financial Services Corp now owns 3,464 shares of the company’s stock valued at $130,000 after buying an additional 2,794 shares during the last quarter. Signaturefd LLC increased its stake in shares of HSBC Holdings PLC by 75.2% in the second quarter. Signaturefd LLC now owns 4,896 shares of the company’s stock valued at $153,000 after buying an additional 2,101 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of HSBC Holdings PLC by 25.8% in the second quarter. Parkside Financial Bank & Trust now owns 5,263 shares of the company’s stock valued at $165,000 after buying an additional 1,080 shares during the last quarter. Finally, BOKF NA acquired a new stake in shares of HSBC Holdings PLC during the third quarter valued at $206,000. Institutional investors and hedge funds own 2.39% of the company’s stock.

About HSBC Holdings PLC

HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through approximately four businesses, such as Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB).

5 Day Chart for NYSE:HSBC

Receive News & Stock Ratings for HSBC Holdings PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC Holdings PLC and related stocks with our FREE daily email newsletter.