HSBC Holdings plc (NYSE:HSBC) Stock Has Consensus Price Target of $97.00 According to Analysts

Shares of HSBC Holdings plc (NYSE:HSBC) have received a consensus recommendation of “Hold” from the sixteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $97.00.

Several equities research analysts recently weighed in on the stock. Citigroup reaffirmed a “neutral” rating on shares of HSBC in a research note on Wednesday, October 28th. Erste Group Bank lowered shares of HSBC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Keefe, Bruyette & Woods lowered shares of HSBC from a “moderate buy” rating to a “hold” rating in a research report on Sunday, September 13th. The Goldman Sachs Group reiterated a “buy” rating on shares of HSBC in a research report on Wednesday, August 5th. Finally, Wall Street Zen raised shares of HSBC from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th.

HSBC Stock Down 1.1%

HSBC stock opened at $87.09 on Friday. HSBC has a fifty-two week low of $67.56 and a fifty-two week high of $107.92. The stock has a market cap of $298.58 billion, a PE ratio of 10.23, a price-to-earnings-growth ratio of 0.94 and a beta of 0.56. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.89 and a current ratio of 0.89. The firm’s 50-day simple moving average is $96.78 and its 200 day simple moving average is $93.45.

HSBC (NYSE:HSBC) last issued its quarterly earnings data on Tuesday, October 27th. The financial services provider reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.10). The company had revenue of $18.68 billion for the quarter, compared to analysts’ expectations of $18.98 billion. HSBC had a net margin of 19.59% and a return on equity of 14.33%. Research analysts predict that HSBC will post 8.41 EPS for the current fiscal year.

HSBC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Friday, November 6th will be given a $0.50 dividend. The ex-dividend date is Friday, November 6th. This represents a $2.00 annualized dividend and a dividend yield of 2.3%. HSBC’s payout ratio is 25.71%.

Key Headlines Impacting HSBC

Here are the key news stories impacting HSBC this week:

• Positive Sentiment: HSBC reported repurchasing about $65.9 million of its shares under its ongoing buyback, which modestly supports per-share value. HSBC Repurchases Shares in Ongoing US$65.9 Million Buyback
• Neutral Sentiment: The bank raised the maximum size of its cash tender offer for securities to $1.5 billion. This is a debt-management action, with no clear near-term effect on shareholder earnings. HSBC Raises Tender Offer Maximum to $1.5 Billion
• Neutral Sentiment: HSBC disclosed conditional share awards for employees. The announcement is a routine compensation item; the reported grant size appears small relative to the company. HSBC Grants Conditional Shares Under Employee Plan
• Negative Sentiment: An HSBC strategist warned that Anthropic’s expected IPO could trigger another market selloff, making it a potential test of investor appetite for highly valued AI-related stocks. A broader pullback could weigh on bank shares, though the warning is not specific to HSBC’s fundamentals. Anthropic’s IPO Could Trigger Another Selloff, HSBC Strategist Warns

Institutional Investors Weigh In On HSBC

Several hedge funds and other institutional investors have recently modified their holdings of the stock. William Blair Investment Management LLC bought a new position in HSBC in the third quarter worth approximately $350,000. Russell Investments Group Ltd. increased its holdings in HSBC by 54.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 177,893 shares of the financial services provider’s stock valued at $17,667,000 after acquiring an additional 62,524 shares in the last quarter. Fifth Third Bancorp grew its stake in HSBC by 27.3% during the third quarter. Fifth Third Bancorp now owns 2,333 shares of the financial services provider’s stock worth $232,000 after buying an additional 501 shares during the period. Ritholtz Wealth Management lifted its holdings in HSBC by 3.0% in the third quarter. Ritholtz Wealth Management now owns 194,611 shares of the financial services provider’s stock worth $19,327,000 after acquiring an additional 5,748 shares during the last quarter. Finally, First Command Advisory Services Inc. boosted its stake in shares of HSBC by 204.0% during the 3rd quarter. First Command Advisory Services Inc. now owns 10,754 shares of the financial services provider’s stock worth $1,068,000 after acquiring an additional 7,216 shares in the last quarter. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

About HSBC

HSBC Holdings plc is a global banking and financial services company serving individuals, businesses, institutions and governments. Its services include personal and commercial banking, wealth management, private banking, and corporate and investment banking.

The company provides products such as deposit accounts, lending, payments, trade finance, foreign exchange and investment services. Its international network supports clients with cross-border banking and financial needs.

HSBC traces its origins to the Hongkong and Shanghai Banking Corporation, founded in 1865 to finance trade in Asia.