HSBC Holdings PLC (HSBC) Now Covered by Analysts at Credit Suisse Group AG
Research analysts at Credit Suisse Group AG assumed coverage on shares of HSBC Holdings PLC (NYSE:HSBC) in a report issued on Tuesday. The firm set a “neutral” rating on the stock.
Other equities analysts also recently issued research reports about the company. Vetr downgraded HSBC Holdings PLC from a “strong-buy” rating to a “buy” rating and set a $36.48 target price on the stock. in a research report on Wednesday, August 10th. Beaufort Securities restated a “buy” rating on shares of HSBC Holdings PLC in a report on Friday, August 5th. Bank of America Corp. upgraded HSBC Holdings PLC from a “neutral” rating to a “buy” rating in a report on Thursday, August 4th. Natixis upgraded HSBC Holdings PLC from a “reduce” rating to a “neutral” rating in a report on Thursday, November 17th. Finally, Citigroup Inc. upgraded HSBC Holdings PLC from a “neutral” rating to a “buy” rating in a report on Tuesday, November 8th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $30.16.
Shares of HSBC Holdings PLC (NYSE:HSBC) traded up 0.2441% during mid-day trading on Tuesday, reaching $39.2255. The company had a trading volume of 185,389 shares. The stock has a market capitalization of $153.79 billion, a price-to-earnings ratio of 12.2580 and a beta of 1.09. The firm has a 50-day moving average price of $38.41 and a 200-day moving average price of $35.11. HSBC Holdings PLC has a 1-year low of $28.62 and a 1-year high of $40.74.
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 paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date is Wednesday, October 19th. HSBC Holdings PLC’s dividend payout ratio (DPR) is currently 81.63%.
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Several large investors have recently modified their holdings of HSBC. Logan Capital Management Inc. boosted its stake in shares of HSBC Holdings PLC by 2.5% in the first quarter. Logan Capital Management Inc. now owns 22,754 shares of the company’s stock worth $709,000 after buying an additional 562 shares during the period. First Republic Investment Management Inc. boosted its stake in shares of HSBC Holdings PLC by 30.7% in the first quarter. First Republic Investment Management Inc. now owns 58,484 shares of the company’s stock worth $1,819,000 after buying an additional 13,728 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of HSBC Holdings PLC by 24,604.7% in the second quarter. BNP Paribas Arbitrage SA now owns 20,999 shares of the company’s stock worth $657,000 after buying an additional 20,914 shares during the period. Fisher Asset Management LLC boosted its stake 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 during the period. Finally, Private Bank & Trust Co. bought a new stake in shares of HSBC Holdings PLC during the second quarter worth $343,000. Hedge funds and other institutional investors own 2.06% 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).
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