HSBC (NYSE:HSBC) Reaches New 1-Year High – Here’s What Happened

Shares of HSBC Holdings plc (NYSE:HSBC) hit a new 52-week high on Monday . The stock traded as high as $52.08 and last traded at $51.98, with a volume of 211841 shares. The stock had previously closed at $51.29.

HSBC Trading Up 1.1 %

The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. The company has a fifty day moving average price of $48.57 and a 200-day moving average price of $45.62. The firm has a market capitalization of $185.69 billion, a price-to-earnings ratio of 8.57, a price-to-earnings-growth ratio of 1.35 and a beta of 0.54.

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

HSBC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 8th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend was Friday, November 8th. HSBC’s dividend payout ratio is 32.73%.

Hedge Funds Weigh In On HSBC

Hedge funds and other institutional investors have recently modified their holdings of the stock. Berbice Capital Management LLC bought a new position in HSBC in the fourth quarter valued at approximately $25,000. Larson Financial Group LLC grew its holdings in HSBC by 138.5% during the third quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 450 shares during the period. Brooklyn Investment Group bought a new stake in HSBC in the fourth quarter valued at approximately $49,000. Allworth Financial LP boosted its position in shares of HSBC by 40.9% during the third 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 in the last quarter. Finally, Versant Capital Management Inc raised 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 buying an additional 805 shares during the period. Institutional investors own 1.48% of the company’s stock.

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.