HSBC Holdings plc (NYSE:HSBC) Sees Significant Decrease in Short Interest

HSBC Holdings plc (NYSE:HSBCGet Free Report) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 6,780,000 shares, a decline of 11.7% from the February 29th total of 7,680,000 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 2,230,000 shares, the short-interest ratio is currently 3.0 days.

Analyst Ratings Changes

HSBC has been the subject of a number of research analyst reports. Barclays reiterated an “equal weight” rating on shares of HSBC in a report on Wednesday, March 27th. BNP Paribas lowered shares of HSBC from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, HSBC presently has an average rating of “Hold” and a consensus target price of $811.00.

Get Our Latest Stock Analysis on HSBC

HSBC Price Performance

Shares of NYSE HSBC remained flat at $39.32 during mid-day trading on Tuesday. 1,379,152 shares of the company were exchanged, compared to its average volume of 2,280,053. HSBC has a fifty-two week low of $34.40 and a fifty-two week high of $42.47. The firm has a market capitalization of $149.36 billion, a price-to-earnings ratio of 6.89, a PEG ratio of 0.93 and a beta of 0.63. The company has a fifty day moving average of $38.96 and a two-hundred day moving average of $38.94. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.90 and a current ratio of 0.90.

HSBC (NYSE:HSBCGet Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.33). HSBC had a net margin of 19.02% and a return on equity of 12.89%. The firm had revenue of $13.02 billion during the quarter. As a group, analysts predict that HSBC will post 7.24 EPS for the current fiscal year.

HSBC Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Friday, March 8th will be given a dividend of $1.55 per share. The ex-dividend date is Thursday, March 7th. This is a positive change from HSBC’s previous quarterly dividend of $0.50. This represents a $6.20 dividend on an annualized basis and a dividend yield of 15.77%. HSBC’s payout ratio is 108.42%.

Hedge Funds Weigh In On HSBC

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Milestone Investment Advisors LLC acquired a new stake in shares of HSBC in the third quarter worth $26,000. Richardson Financial Services Inc. acquired a new stake in HSBC during the 4th quarter worth about $27,000. Benjamin F. Edwards & Company Inc. purchased a new position in HSBC during the 2nd quarter valued at about $27,000. Assetmark Inc. acquired a new position in shares of HSBC in the 3rd quarter valued at about $30,000. Finally, Addison Advisors LLC boosted its holdings in shares of HSBC by 74.8% during the fourth quarter. Addison Advisors LLC now owns 895 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 383 shares during the period. Institutional investors and hedge funds own 1.48% of the company’s stock.

About HSBC

(Get Free Report)

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.

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