Shares of HSBC Holdings PLC (NYSE:HSBC) have been given an average recommendation of “Hold” by the eleven analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $31.00.

Several analysts recently weighed in on HSBC shares. Zacks Investment Research cut shares of HSBC Holdings PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. BidaskClub raised shares of HSBC Holdings PLC from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Credit Suisse Group cut shares of HSBC Holdings PLC from a “neutral” rating to an “underperform” rating in a research note on Tuesday, October 10th. Jefferies Group LLC started coverage on shares of HSBC Holdings PLC in a research note on Monday, September 4th. They issued a “buy” rating on the stock. Finally, Berenberg Bank cut shares of HSBC Holdings PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vantage Financial Partners Ltd. Inc. bought a new stake in HSBC Holdings PLC during the third quarter valued at $236,000. Wesbanco Bank Inc. bought a new stake in HSBC Holdings PLC during the third quarter valued at $207,000. Bristol Advisors LLC bought a new stake in HSBC Holdings PLC during the third quarter valued at $929,000. Polaris Greystone Financial Group LLC bought a new stake in HSBC Holdings PLC during the third quarter valued at $1,600,000. Finally, Tocqueville Asset Management L.P. boosted its position in HSBC Holdings PLC by 1.3% during the third quarter. Tocqueville Asset Management L.P. now owns 158,515 shares of the financial services provider’s stock valued at $7,832,000 after acquiring an additional 2,002 shares during the last quarter. 2.23% of the stock is currently owned by institutional investors and hedge funds.

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HSBC Holdings PLC (NYSE:HSBC) last issued its quarterly earnings data on Monday, July 31st. The financial services provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.08. HSBC Holdings PLC had a net margin of 1.42% and a return on equity of 4.13%. The company had revenue of $13.17 billion for the quarter.

About HSBC Holdings PLC

HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.

Analyst Recommendations for HSBC Holdings PLC (NYSE:HSBC)

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