Today: Today, HSBC Holdings PLC (HSBC) Now Covered by Analysts at Credit Suisse Group AG

Today, HSBC Holdings PLC (HSBC) Now Covered by Analysts at Credit Suisse Group AG

Equities research analysts at Credit Suisse Group AG started coverage on shares of HSBC Holdings PLC (NYSE:HSBC) in a note issued to investors on Tuesday. The brokerage set a “neutral” rating on the stock.

A number of other brokerages have also recently weighed in on HSBC. Natixis raised HSBC Holdings PLC from a “reduce” rating to a “neutral” rating in a research note on Thursday, November 17th. Sanford C. Bernstein upgraded HSBC Holdings PLC from an “underperform” rating to a “hold” rating and set a $31.00 target price for the company in a report on Monday, November 21st. Citigroup Inc. upgraded HSBC Holdings PLC from a “neutral” rating to a “buy” rating in a report on Tuesday, November 8th. Zacks Investment Research lowered HSBC Holdings PLC from a “hold” rating to a “sell” rating in a report on Tuesday, October 25th. Finally, HSBC lowered HSBC Holdings PLC from a “buy” rating to a “neutral” rating in a report on Tuesday, September 13th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $30.16.

Shares of HSBC Holdings PLC (NYSE:HSBC) traded up 0.2441% on Tuesday, hitting $39.2255. The stock had a trading volume of 185,389 shares. The company has a market cap of $153.79 billion, a price-to-earnings ratio of 12.2580 and a beta of 1.09. The stock 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 12-month low of $28.62 and a 12-month high of $40.74.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 6th. Stockholders of record on Friday, October 21st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.11%. The ex-dividend date of this dividend is Wednesday, October 19th. HSBC Holdings PLC’s payout ratio is currently 81.63%.

Several hedge funds have recently bought and sold shares of the stock. Enterprise Financial Services Corp increased its stake in HSBC Holdings PLC by 417.0% in the third quarter. Enterprise Financial Services Corp now owns 3,464 shares of the company’s stock valued at $130,000 after buying an additional 2,794 shares during the last quarter. Quadrant Capital Group LLC increased its stake in HSBC Holdings PLC by 200.2% in the second quarter. Quadrant Capital Group LLC now owns 3,798 shares of the company’s stock valued at $112,000 after buying an additional 2,533 shares during the last quarter. Signaturefd LLC increased its stake in HSBC Holdings PLC by 75.2% in the second quarter. Signaturefd LLC now owns 4,896 shares of the company’s stock valued at $153,000 after buying an additional 2,101 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in HSBC Holdings PLC by 25.8% in the second quarter. Parkside Financial Bank & Trust now owns 5,263 shares of the company’s stock valued at $165,000 after buying an additional 1,080 shares during the last quarter. Finally, BOKF NA purchased a new stake in HSBC Holdings PLC during the third quarter valued at $206,000. 2.06% of the stock is owned by institutional investors and hedge funds.

HSBC Holdings PLC Company Profile

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