Several other analysts have also issued reports on HSBC. Morgan Stanley restated a buy rating on shares of HSBC in a research report on Wednesday, August 16th. Zacks Investment Research lowered shares of HSBC from a buy rating to a hold rating in a research report on Tuesday, August 22nd. BidaskClub lowered shares of HSBC from a buy rating to a hold rating in a research report on Saturday, August 12th. Canaccord Genuity restated a hold rating and set a $9.00 price target on shares of HSBC in a research report on Tuesday, September 5th. Finally, Credit Suisse Group lowered shares of HSBC from a neutral rating to an underperform rating in a research report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $31.50.
Shares of HSBC (HSBC) opened at $49.04 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.94 and a current ratio of 0.94. HSBC has a 1 year low of $39.08 and a 1 year high of $50.86. The stock has a market cap of $195,972.13, a PE ratio of 24.64, a price-to-earnings-growth ratio of 2.56 and a beta of 0.93.
Institutional investors have recently bought and sold shares of the company. Quantum Capital Management purchased a new stake in HSBC in the third quarter worth about $212,000. American Assets Investment Management LLC lifted its holdings in HSBC by 2.6% in the second quarter. American Assets Investment Management LLC now owns 79,059 shares of the financial services provider’s stock worth $3,668,000 after buying an additional 2,006 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in HSBC by 12.3% in the second quarter. Oppenheimer & Co. Inc. now owns 20,302 shares of the financial services provider’s stock worth $941,000 after buying an additional 2,216 shares during the period. Dimensional Fund Advisors LP lifted its holdings in HSBC by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 13,310,658 shares of the financial services provider’s stock worth $617,481,000 after buying an additional 99,537 shares during the period. Finally, Baldwin Investment Management LLC lifted its holdings in HSBC by 1.4% in the second quarter. Baldwin Investment Management LLC now owns 7,219 shares of the financial services provider’s stock worth $335,000 after buying an additional 99 shares during the period. Institutional investors own 2.23% of the company’s stock.
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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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