HSBC Holdings PLC (HSBC) Given Average Rating of “Hold” by Analysts
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.
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.
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