HSBC Holdings plc (NYSE:HSBC) Given Consensus Recommendation of "Moderate Buy" by Brokerages

HSBC Holdings plc (NYSE:HSBC - Get Free Report) has earned an average recommendation of "Moderate Buy" from the five ratings firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company.

Several analysts have recently commented on the stock. Barclays raised shares of HSBC from an "equal weight" rating to an "overweight" rating in a report on Tuesday, March 4th. StockNews.com raised HSBC from a "sell" rating to a "hold" rating in a research report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft cut HSBC from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. UBS Group reaffirmed a "neutral" rating on shares of HSBC in a report on Thursday, March 6th. Finally, Royal Bank of Canada reissued a "sector perform" rating on shares of HSBC in a report on Monday, February 3rd.

Hedge Funds Weigh In On HSBC

A number of large investors have recently added to or reduced their stakes in the stock. Seven Mile Advisory increased its stake in shares of HSBC by 3.6% during the fourth quarter. Seven Mile Advisory now owns 5,405 shares of the financial services provider's stock worth $267,000 after purchasing an additional 190 shares in the last quarter. GeoWealth Management LLC raised its holdings in shares of HSBC by 6.7% during the fourth quarter. GeoWealth Management LLC now owns 3,279 shares of the financial services provider's stock valued at $162,000 after acquiring an additional 205 shares during the last quarter. Venturi Wealth Management LLC lifted its position in shares of HSBC by 58.2% in the fourth quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 210 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of HSBC by 1.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 21,909 shares of the financial services provider's stock worth $990,000 after acquiring an additional 235 shares during the last quarter. Finally, Horizon Investments LLC raised its stake in HSBC by 1.4% in the 4th quarter. Horizon Investments LLC now owns 17,302 shares of the financial services provider's stock valued at $856,000 after purchasing an additional 245 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors and hedge funds.

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HSBC Stock Performance

NYSE:HSBC traded down $0.55 during trading hours on Friday, hitting $46.13. 2,627,899 shares of the company were exchanged, compared to its average volume of 2,705,029. The company's 50 day moving average price is $55.80 and its 200-day moving average price is $50.22. The stock has a market capitalization of $164.26 billion, a price-to-earnings ratio of 7.44, a PEG ratio of 1.05 and a beta of 0.40. HSBC has a 52-week low of $39.42 and a 52-week high of $61.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.96.

HSBC (NYSE:HSBC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.04. The business had revenue of $11.56 billion for the quarter, compared to analyst estimates of $13.79 billion. HSBC had a return on equity of 12.20% and a net margin of 16.17%. As a group, research analysts forecast that HSBC will post 6.66 earnings per share for the current year.

HSBC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 7th will be given a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 15.61%. HSBC's dividend payout ratio (DPR) is 115.81%.

About HSBC

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.