HSBC (HSBC) Downgraded to “Neutral” at BNP Paribas

HSBC (NYSE:HSBC) was downgraded by investment analysts at BNP Paribas from an “outperform” rating to a “neutral” rating in a report issued on Wednesday.

Several other research analysts have also commented on HSBC. Zacks Investment Research lowered HSBC from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 9th. Credit Suisse Group lowered HSBC from a “neutral” rating to an “underperform” rating in a research report on Tuesday, October 10th. BidaskClub downgraded HSBC from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. JPMorgan Chase & Co. restated a “neutral” rating on shares of HSBC in a research note on Friday, November 24th. Finally, UBS Group restated a “neutral” rating on shares of HSBC in a research note on Wednesday, November 29th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. HSBC presently has an average rating of “Hold” and an average target price of $31.50.

HSBC (NYSE HSBC) traded up $0.07 during trading hours on Wednesday, reaching $54.90. The company’s stock had a trading volume of 3,301,500 shares, compared to its average volume of 2,112,820. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.30. HSBC has a one year low of $39.63 and a one year high of $55.20. The stock has a market capitalization of $218,400.00, a price-to-earnings ratio of 40.07, a PEG ratio of 2.57 and a beta of 0.93.

HSBC (NYSE:HSBC) last released its quarterly earnings data on Monday, October 30th. The financial services provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.20). HSBC had a net margin of 20.66% and a return on equity of 6.62%. research analysts predict that HSBC will post 3.07 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Harding Loevner LP grew its stake in HSBC by 4,384.0% in the third quarter. Harding Loevner LP now owns 98,112,785 shares of the financial services provider’s stock worth $17,392,000 after purchasing an additional 95,924,743 shares in the last quarter. Fisher Asset Management LLC grew its stake in HSBC by 2.2% in the third quarter. Fisher Asset Management LLC now owns 13,824,918 shares of the financial services provider’s stock worth $683,089,000 after purchasing an additional 291,811 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in HSBC by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 13,310,658 shares of the financial services provider’s stock worth $617,481,000 after purchasing an additional 99,537 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in HSBC by 12.7% in the third quarter. Parametric Portfolio Associates LLC now owns 2,338,801 shares of the financial services provider’s stock worth $115,560,000 after purchasing an additional 263,130 shares in the last quarter. Finally, Aperio Group LLC grew its stake in HSBC by 2.3% in the third quarter. Aperio Group LLC now owns 1,283,358 shares of the financial services provider’s stock worth $63,411,000 after purchasing an additional 28,695 shares in the last quarter. Institutional investors own 2.24% of the company’s stock.

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About HSBC

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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