HSBC (HSBC) Lifted to Hold at Santander

HSBC (NYSE:HSBC) was upgraded by investment analysts at Santander from a “sell” rating to a “hold” rating in a report released on Tuesday, The Fly reports.

Several other research firms also recently weighed in on HSBC. Goldman Sachs Group reiterated a “neutral” rating on shares of HSBC in a research report on Tuesday, December 5th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of HSBC in a research note on Friday, November 24th. Macquarie initiated coverage on shares of HSBC in a research note on Wednesday, November 29th. They issued an “outperform” rating for the company. Credit Suisse Group cut shares of HSBC from a “neutral” rating to an “underperform” rating in a research note on Tuesday, October 10th. Finally, UBS Group reissued a “neutral” rating on shares of HSBC in a research note on Monday, December 11th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $31.50.

HSBC (NYSE:HSBC) opened at $51.58 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.94 and a quick ratio of 0.94. HSBC has a 52-week low of $39.63 and a 52-week high of $55.89. The firm has a market cap of $213,111.47, a P/E ratio of 36.84, a price-to-earnings-growth ratio of 2.43 and a beta of 0.90.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Harding Loevner LP grew its stake in HSBC by 4,384.0% during the third quarter. Harding Loevner LP now owns 98,112,785 shares of the financial services provider’s stock valued at $17,392,000 after acquiring an additional 95,924,743 shares in the last quarter. Fisher Asset Management LLC grew its stake in HSBC by 13.9% during the first quarter. Fisher Asset Management LLC now owns 13,000,841 shares of the financial services provider’s stock valued at $414,987,000 after acquiring an additional 1,587,970 shares in the last quarter. Miller Howard Investments Inc. NY purchased a new position in HSBC during the fourth quarter valued at $74,026,000. Karp Capital Management Corp purchased a new position in HSBC during the first quarter valued at $47,142,000. Finally, Renaissance Technologies LLC purchased a new position in HSBC during the first quarter valued at $31,940,000. 2.27% of the stock is owned by hedge funds and other institutional investors.

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HSBC Company Profile

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.

The Fly

Analyst Recommendations for HSBC (NYSE:HSBC)

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