Shares of HSBC Holdings PLC (NYSE:HSBC) have been given an average recommendation of “Hold” by the twenty-one research firms that are covering the firm. Five research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $30.16.

HSBC has been the subject of several recent analyst reports. Investec reaffirmed a “buy” rating on shares of HSBC Holdings PLC in a report on Friday, August 26th. Vetr lowered shares of HSBC Holdings PLC from a “strong-buy” rating to a “buy” rating and set a $36.48 price objective for the company. in a report on Wednesday, August 10th. Beaufort Securities reaffirmed a “buy” rating on shares of HSBC Holdings PLC in a report on Friday, August 5th. Bank of America Corp. raised shares of HSBC Holdings PLC from a “neutral” rating to a “buy” rating in a report on Thursday, August 4th. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of HSBC Holdings PLC in a report on Wednesday, August 31st.

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Shares of HSBC Holdings PLC (NYSE:HSBC) opened at 39.83 on Wednesday. HSBC Holdings PLC has a 52 week low of $28.62 and a 52 week high of $40.74. The firm’s 50-day moving average is $38.39 and its 200 day moving average is $35.00. The firm has a market capitalization of $54.17 billion, a P/E ratio of 39.24 and a beta of 1.09.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Friday, October 21st will be paid a $0.50 dividend. The ex-dividend date is Wednesday, October 19th. This represents a $2.00 dividend on an annualized basis and a yield of 5.02%. HSBC Holdings PLC’s payout ratio is presently 81.63%.

A number of institutional investors have recently made changes to their positions in HSBC. Fisher Asset Management LLC boosted its position in shares of HSBC Holdings PLC by 1.2% in the second quarter. Fisher Asset Management LLC now owns 13,160,956 shares of the company’s stock worth $409,043,000 after buying an additional 160,115 shares in the last quarter. FMR LLC boosted its position in shares of HSBC Holdings PLC by 7.4% in the second quarter. FMR LLC now owns 7,040,122 shares of the company’s stock worth $220,426,000 after buying an additional 487,099 shares in the last quarter. Cambiar Investors LLC boosted its position in shares of HSBC Holdings PLC by 4.4% in the third quarter. Cambiar Investors LLC now owns 5,204,596 shares of the company’s stock worth $195,745,000 after buying an additional 221,344 shares in the last quarter. Capital Research Global Investors boosted its position in shares of HSBC Holdings PLC by 0.3% in the second quarter. Capital Research Global Investors now owns 2,154,638 shares of the company’s stock worth $67,462,000 after buying an additional 6,473 shares in the last quarter. Finally, Brandes Investment Partners LP boosted its position in shares of HSBC Holdings PLC by 1.4% in the second quarter. Brandes Investment Partners LP now owns 1,881,906 shares of the company’s stock worth $58,922,000 after buying an additional 26,191 shares in the last quarter. 2.06% of the stock is currently 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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