HSBC Holdings plc (NYSE:HSBC) shares traded -2.52% lower at $37.20 on Wall Street last session.
In accordance with the data, 6 analysts cover HSBC Holdings plc (NYSE:HSBC). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $49.98 and a low of $49.98, we find $49.98. Given the previous closing price of $38.16, this indicates a potential upside of 30.97 percent. HSBC stock price is now 3.87% away from the 50-day moving average and 14.00% away from the 200-day moving average. The market capitalization of the company currently stands at $147.39B.
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It has been rated a hold by 0 analysts and a buy by 4. Brokers who have rated the stock have averaged $49.98 as their price target over the next twelve months.
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A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HSBC stock. A new stake in HSBC Holdings plc shares was purchased by COOKSON PEIRCE & CO INC during the first quarter worth $17,345,000. QUBE RESEARCH & TECHNOLOGIES LTD invested $6,882,000 in shares of HSBC during the first quarter. In the first quarter, HENNESSY FUNDS INC acquired a new stake in HSBC Holdings plc valued at approximately $6,060,000. ORION PORTFOLIO SOLUTIONS, LLC acquired a new stake in HSBC for approximately $4,091,000. BECK BODE, LLC purchased a new stake in HSBC valued at around $2,833,000 in the second quarter. In total, there are 370 active investors with 1.40% ownership of the company’s stock.
HSBC Holdings plc (NYSE: HSBC) opened at $37.34 on Wednesday. During the past 12 months, HSBC Holdings plc has had a low of $24.77 and a high of $39.63. The fifty day moving average price for HSBC is $35.85 and a two-hundred day moving average price translates $32.65 for the stock.
The latest earnings results from HSBC Holdings plc (NYSE: HSBC) was released for Mar, 2023. The net profit margin was 32.60% and return on equity was 10.80% for HSBC. The company reported revenue of $8.96 billion for the quarter, compared to $6.47 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 38.36 percent.
Moreover, the firm recently paid out its quarterly dividend on 06/23/2023. Investors who held shares on 05/12/2023 were paid a $0.50 dividend. On an annualized basis, this represents a $2.10 dividend and a 5.65% percent yield. There was an ex-dividend date of 05/11/2023 for this dividend. In terms of dividend payout ratio, HSBC is presently at 34.70%.
HSBC Holdings plc(HSBC) Company Profile
HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions. This segment serves personal banking and high net worth individuals. The Commercial Banking segment provides credit and lending, treasury management, payment, cash management, commercial insurance, and investment services; commercial cards; international trade and receivables finance services; foreign exchange products; capital raising services on debt and equity markets; and advisory services. It serves small and medium sized enterprises, mid-market enterprises, and corporates. The Global Banking and Markets segment offers financing, advisory, and transaction services; and credit, rates, foreign exchange, equities, money markets, and securities services; and engages in principal investment activities. It serves government, corporate and institutional clients, and private investors. HSBC Holdings plc was founded in 1865 and is headquartered in London, the United Kingdom.
