HSBC (NYSE:HSBC) was downgraded by Societe Generale from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
Other equities analysts have also issued research reports about the stock. Morgan Stanley reissued a “buy” rating on shares of HSBC in a report on Tuesday, February 13th. ValuEngine raised shares of HSBC from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. BidaskClub raised shares of HSBC from a “sell” rating to a “hold” rating in a report on Saturday, November 11th. Santander raised shares of HSBC from a “sell” rating to a “hold” rating in a report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of HSBC in a report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. HSBC has a consensus rating of “Hold” and a consensus price target of $31.50.
HSBC (HSBC) opened at $52.02 on Wednesday. The company has a market cap of $215,270.97, a price-to-earnings ratio of 37.16, a PEG ratio of 2.46 and a beta of 0.90. HSBC has a twelve month low of $39.63 and a twelve month high of $55.89. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.30.
Several hedge funds have recently added to or reduced their stakes in HSBC. Harding Loevner LP grew its holdings in shares of HSBC by 4,384.0% during the 3rd quarter. Harding Loevner LP now owns 98,112,785 shares of the financial services provider’s stock valued at $17,392,000 after purchasing an additional 95,924,743 shares during the last quarter. Miller Howard Investments Inc. NY purchased a new stake in HSBC during the 4th quarter valued at $74,026,000. Fisher Asset Management LLC boosted its position in HSBC by 3.0% during the 4th quarter. Fisher Asset Management LLC now owns 14,236,686 shares of the financial services provider’s stock valued at $735,182,000 after buying an additional 411,768 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in HSBC during the 3rd quarter valued at $19,699,000. Finally, Renaissance Technologies LLC boosted its position in HSBC by 279.9% during the 4th quarter. Renaissance Technologies LLC now owns 421,400 shares of the financial services provider’s stock valued at $21,761,000 after buying an additional 310,464 shares during the period. 2.24% of the stock is currently owned by institutional investors.
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.
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