HSBC Holdings PLC (HSBC) Rating Increased to Neutral at Natixis
HSBC Holdings PLC (NYSE:HSBC) was upgraded by equities researchers at Natixis from a “reduce” rating to a “neutral” rating in a note issued to investors on Thursday.
HSBC has been the topic of several other reports. Deutsche Bank AG reaffirmed a “hold” rating on shares of HSBC Holdings PLC in a research report on Friday, July 22nd. Citigroup Inc. reissued a “buy” rating on shares of HSBC Holdings PLC in a research note on Wednesday, August 31st. Vetr cut HSBC Holdings PLC from a “strong-buy” rating to a “buy” rating and set a $36.48 price target for the company. in a research note on Wednesday, August 10th. Zacks Investment Research cut HSBC Holdings PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, October 25th. Finally, HSBC cut HSBC Holdings PLC from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 13th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $29.74.
HSBC Holdings PLC (NYSE:HSBC) opened at 39.02 on Thursday. The stock’s 50 day moving average price is $38.15 and its 200 day moving average price is $34.72. The firm has a market cap of $53.07 billion, a P/E ratio of 38.44 and a beta of 1.09. HSBC Holdings PLC has a 1-year low of $28.62 and a 1-year high of $40.74.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 6th. Investors of record on Friday, October 21st will be given a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, October 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.13%. HSBC Holdings PLC’s dividend payout ratio (DPR) is 81.63%.
Several institutional investors have recently added to or reduced their stakes in HSBC. Rehmann Capital Advisory Group bought a new position in HSBC Holdings PLC during the second quarter worth $273,000. First Niagara Bank raised its position in HSBC Holdings PLC by 79.6% in the second quarter. First Niagara Bank now owns 13,540 shares of the company’s stock worth $424,000 after buying an additional 6,000 shares during the period. Rothschild Investment Corp IL raised its position in HSBC Holdings PLC by 7.0% in the second quarter. Rothschild Investment Corp IL now owns 7,652 shares of the company’s stock worth $240,000 after buying an additional 500 shares during the period. CIBC World Markets Inc. raised its position in HSBC Holdings PLC by 8.3% in the second quarter. CIBC World Markets Inc. now owns 158,147 shares of the company’s stock worth $4,952,000 after buying an additional 12,083 shares during the period. Finally, PARK CIRCLE Co raised its position in HSBC Holdings PLC by 254.2% in the second quarter. PARK CIRCLE Co now owns 137,800 shares of the company’s stock worth $4,315,000 after buying an additional 98,900 shares during the period. Institutional investors and hedge funds own 2.27% of the company’s stock.
HSBC Holdings PLC Company Profile
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).
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