
HSBC Holdings plc (NYSE:HSBC – Free Report) – Erste Group Bank upped their FY2026 earnings estimates for HSBC in a note issued to investors on Thursday, June 25th. Erste Group Bank analyst S. Lingnau now forecasts that the financial services provider will earn $8.70 per share for the year, up from their prior estimate of $8.50. The consensus estimate for HSBC’s current full-year earnings is $8.60 per share.
A number of other equities research analysts have also weighed in on the company. Weiss Ratings lowered HSBC from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Zacks Research lowered HSBC from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. BNP Paribas Exane downgraded HSBC from an “outperform” rating to a “neutral” rating in a report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of HSBC in a research note on Tuesday, June 23rd. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of HSBC in a research report on Thursday, May 14th. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.
HSBC Stock Up 1.4%
Shares of NYSE:HSBC opened at $95.08 on Tuesday. The business’s 50 day moving average is $91.88 and its 200 day moving average is $86.65. The stock has a market cap of $326.78 billion, a P/E ratio of 15.59, a price-to-earnings-growth ratio of 0.83 and a beta of 0.56. HSBC has a 52-week low of $59.92 and a 52-week high of $96.90. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.52.
HSBC (NYSE:HSBC – Get Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $0.44 earnings per share for the quarter. HSBC had a net margin of 16.06% and a return on equity of 13.35%. The company had revenue of $19.12 billion during the quarter.
HSBC Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, May 15th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, May 15th. HSBC’s dividend payout ratio is 32.46%.
Insiders Place Their Bets
In other HSBC news, insider Daniel Scott Palomaki sold 23,123 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $18.11, for a total transaction of $418,757.53. Following the completion of the sale, the insider directly owned 4,973 shares of the company’s stock, valued at approximately $90,061.03. This represents a 82.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.01% of the stock is currently owned by insiders.
Institutional Investors Weigh In On HSBC
Hedge funds and other institutional investors have recently bought and sold shares of the company. Transamerica Financial Advisors LLC lifted its holdings in shares of HSBC by 287.1% during the 4th quarter. Transamerica Financial Advisors LLC now owns 329 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 244 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in HSBC during the 3rd quarter worth $26,000. Binnacle Investments Inc increased its position in HSBC by 80.5% during the 3rd quarter. Binnacle Investments Inc now owns 444 shares of the financial services provider’s stock valued at $32,000 after buying an additional 198 shares in the last quarter. Ballast Advisors LLC purchased a new stake in HSBC in the first quarter valued at about $36,000. Finally, Western Wealth Management LLC acquired a new stake in HSBC in the first quarter worth about $37,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.
About HSBC
HSBC Holdings plc (NYSE: HSBC) is a multinational banking and financial services organization headquartered in London. It traces its origins to the Hongkong and Shanghai Banking Corporation, founded in 1865 to facilitate trade between Europe and Asia, and has since grown into one of the world’s largest banking groups. The company is publicly listed in multiple markets, including the London Stock Exchange, the Hong Kong Stock Exchange and as an American depositary receipt on the New York Stock Exchange.
HSBC operates a universal banking model, serving retail, commercial, corporate and institutional clients.
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