Berenberg Bank Downgrades HSBC Holdings PLC (NYSE:HSBC) to Hold

Remigio Civitarese
Luglio 15, 2017

Bank of America upgraded the shares of HSBC in report on Thursday, August 4 to "Buy" rating. CLSA downgraded HSBC Holdings plc (ADR) (NYSE:HSBC) on Monday, April 25 to "Underperform" rating. Morgan Stanley upgraded HSBC Holdings PLC from an equal weight rating to an overweight rating in a report on Wednesday, June 28th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $34.87.

Traders who own the stock with a record date on Thurs, May 25th were issued a divided of GBX 65.90 ($0.85) for a share. Zacks Investment Research now has $49.00 price objective on the financial services provider's stock.'s article titled: "HSBC Holdings plc (ADR) (NYSE:HSBC) Loves the Belt and Road" and published on May 18, 2017 is yet another important article. The stock has a market cap of $184.83 billion, a PE ratio of 349.93 and a beta of 0.87.

Company chares are trading at $47.90 just above the 50 day moving average which is $43.82 and which is just a bit higher than the 200 day moving average of $41.98.

Stellar Capital Management LLC purchased a new position in shares of HSBC Holdings PLC (NYSE:HSBC) during the first quarter, according to its most recent disclosure with the SEC. If you are reading this article on another domain, it was illegally stolen and reposted in violation of U.S. and global trademark & copyright legislation. The original version of this article can be viewed at

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 5th. This dividend amount was represent a yeild of $4.26. HSBC Holdings PLC's dividend payout ratio (DPR) is now 1,333.33%.

Hedge funds have recently made changes to their positions in the stock. Rehmann Capital Advisory Group boosted its stake in HSBC Holdings PLC by 3.4% in the first quarter. As of quarter end Clearbridge Investments, LLC had disposed of 1,629 shares trimming its stake by 0.5%. LMR Partners LLP now owns 759,830 shares of the financial services provider's stock valued at $30,947,000 after buying an additional 709,710 shares in the last quarter. Capital Guardian Trust Co. now owns 56,844 shares of the financial services provider's stock valued at $2,284,000 after buying an additional 51,606 shares during the last quarter. Wall Street Access Asset Management LLC raised its stake in HSBC Holdings PLC by 1.1% in the fourth quarter. Finally, CAPROCK Group Inc. boosted its position in HSBC Holdings PLC by 7.8% in the first quarter. Parametric Portfolio Associates LLC now owns 1,850,523 shares of the financial services provider's stock valued at $75,538,000 after buying an additional 334,869 shares during the period. The company's stock had a trading volume of 1,468,437 shares.

HSBC Holdings plc (HSBC) is the banking and financial services company. The Firm manages its services and products through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB).

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