ValuEngine upgraded shares of HSBC (NYSE:HSBC) from a hold rating to a buy rating in a research report sent to investors on Friday, February 2nd.
A number of other research analysts have also issued reports on HSBC. Zacks Investment Research lowered HSBC from a strong-buy rating to a hold rating in a research report on Monday, October 9th. BidaskClub raised HSBC from a sell rating to a hold rating in a research note on Saturday, November 11th. UBS Group reissued a neutral rating on shares of HSBC in a research note on Wednesday, November 29th. JPMorgan Chase & Co. reissued a neutral rating on shares of HSBC in a research note on Friday, November 24th. Finally, BNP Paribas cut HSBC from an outperform rating to a neutral rating in a report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $31.50.
Shares of HSBC (NYSE HSBC) traded up $0.21 during trading hours on Friday, hitting $51.59. The company had a trading volume of 696,884 shares, compared to its average volume of 2,220,000. HSBC has a 1-year low of $39.63 and a 1-year high of $55.89. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.30. The stock has a market cap of $203,440.00, a P/E ratio of 37.66, a P/E/G ratio of 2.34 and a beta of 0.90.
Large investors have recently made changes to their positions in the business. UBS Asset Management Americas Inc. raised its holdings in HSBC by 1.8% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,477 shares of the financial services provider’s stock valued at $115,000 after acquiring an additional 43 shares in the last quarter. Bluefin Trading LLC bought a new stake in shares of HSBC in the 2nd quarter valued at approximately $237,000. Tower Research Capital LLC TRC grew its stake in shares of HSBC by 89.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,413 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 1,139 shares during the period. Quadrant Capital Group LLC grew its stake in shares of HSBC by 21.0% in the 2nd quarter. Quadrant Capital Group LLC now owns 8,323 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 1,447 shares during the period. Finally, Assetmark Inc. grew its stake in shares of HSBC by 88.4% in the 2nd quarter. Assetmark Inc. now owns 170,972 shares of the financial services provider’s stock valued at $7,931,000 after purchasing an additional 80,244 shares during the period. 2.26% of the stock is owned by 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.
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