HSBC (NYSE:HSBC) Hits New 52-Week High – What’s Next?

HSBC Holdings plc (NYSE:HSBC)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $51.23 and last traded at $51.20, with a volume of 40901 shares changing hands. The stock had previously closed at $50.63.

HSBC Stock Performance

The stock’s 50-day simple moving average is $48.21 and its 200 day simple moving average is $45.45. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $182.40 billion, a PE ratio of 8.42, a P/E/G ratio of 1.37 and a beta of 0.54.

HSBC (NYSE:HSBC) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $1.70 EPS for the quarter. HSBC had a net margin of 15.70% and a return on equity of 10.71%. The company had revenue of $36.62 billion for the quarter. During the same period in the prior year, the company posted $1.45 earnings per share. As a group, research analysts expect that HSBC Holdings plc will post 6.67 earnings per share for the current fiscal year.

HSBC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 8th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend was Friday, November 8th. HSBC’s dividend payout ratio (DPR) is 32.73%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HSBC. Berbice Capital Management LLC purchased a new position in shares of HSBC in the 4th quarter valued at $25,000. Larson Financial Group LLC grew its position in shares of HSBC by 138.5% in the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock valued at $35,000 after buying an additional 450 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of HSBC in the 4th quarter valued at $49,000. Allworth Financial LP boosted its stake in HSBC by 40.9% during the 3rd quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 397 shares during the period. Finally, Versant Capital Management Inc boosted its stake in HSBC by 116.2% during the 4th quarter. Versant Capital Management Inc now owns 1,498 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 805 shares during the period. 1.48% of the stock is owned by hedge funds and other institutional investors.

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.