HSBC Holdings PLC (NYSE:HSBC) was upgraded by research analysts at Sanford C. Bernstein from an “underperform” rating to a “hold” rating in a report issued on Monday. The firm currently has a $31.00 target price on the stock. Sanford C. Bernstein’s price objective would indicate a potential downside of 21.46% from the company’s previous close.

Several other research firms also recently weighed in on HSBC. Credit Suisse Group AG set a $23.00 price objective on shares of HSBC Holdings PLC and gave the stock a “buy” rating in a report on Thursday, November 10th. Natixis raised shares of HSBC Holdings PLC from a “reduce” rating to a “neutral” rating in a report on Thursday, November 17th. Citigroup Inc. raised shares of HSBC Holdings PLC from a “neutral” rating to a “buy” rating in a report on Tuesday, November 8th. Zacks Investment Research downgraded shares of HSBC Holdings PLC from a “hold” rating to a “sell” rating in a report on Tuesday, October 25th. Finally, HSBC downgraded shares of HSBC Holdings PLC from a “buy” rating to a “neutral” rating in a report on Tuesday, September 13th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $30.16.

Analyst Recommendations for HSBC Holdings PLC (NYSE:HSBC)

Shares of HSBC Holdings PLC (NYSE:HSBC) traded up 0.6174% during mid-day trading on Monday, hitting $39.7137. 629,696 shares of the company traded hands. The firm has a market cap of $54.01 billion, a price-to-earnings ratio of 39.1268 and a beta of 1.09. The firm has a 50-day moving average price of $38.23 and a 200 day moving average price of $34.84. HSBC Holdings PLC has a 52-week low of $28.62 and a 52-week high of $40.74.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 6th. Investors of record on Friday, October 21st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date is Wednesday, October 19th. HSBC Holdings PLC’s payout ratio is 81.63%.

Several hedge funds and other institutional investors have recently made changes to their positions in HSBC. Cambiar Investors LLC increased its position in shares of HSBC Holdings PLC by 11.8% in the second quarter. Cambiar Investors LLC now owns 4,983,252 shares of the company’s stock worth $156,026,000 after buying an additional 524,371 shares during the last quarter. Genesee Valley Trust Co. increased its stake in shares of HSBC Holdings PLC by 4.1% in the second quarter. Genesee Valley Trust Co. now owns 15,551 shares of the company’s stock valued at $487,000 after buying an additional 616 shares during the last quarter. Aviance Capital Management LLC purchased a new stake in shares of HSBC Holdings PLC during the second quarter valued at about $2,222,000. Capital Fund Management S.A. increased its stake in shares of HSBC Holdings PLC by 3.7% in the second quarter. Capital Fund Management S.A. now owns 31,723 shares of the company’s stock valued at $993,000 after buying an additional 1,133 shares during the last quarter. Finally, Stephens Inc. AR increased its stake in shares of HSBC Holdings PLC by 11.4% in the second quarter. Stephens Inc. AR now owns 24,394 shares of the company’s stock valued at $764,000 after buying an additional 2,501 shares during the last quarter. 2.27% of the stock is owned by hedge funds and other institutional investors.

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

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