HSBC (NYSE:HSBC) Reaches New 1-Year High – Should You Buy?

HSBC Holdings plc (NYSE:HSBC)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $49.95 and last traded at $49.76, with a volume of 209550 shares traded. The stock had previously closed at $49.35.

HSBC Price Performance

The company’s fifty day moving average is $47.79 and its two-hundred day moving average is $45.24. 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 firm has a market cap of $182.83 billion, a price-to-earnings ratio of 8.39 and a beta of 0.54.

HSBC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 8th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.94%. The ex-dividend date was Friday, November 8th. HSBC’s dividend payout ratio (DPR) is 32.73%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ignite Planners LLC increased its holdings in HSBC by 1.3% during the 3rd quarter. Ignite Planners LLC now owns 17,427 shares of the financial services provider’s stock worth $788,000 after purchasing an additional 225 shares during the last quarter. Huntington National Bank increased its position in shares of HSBC by 11.9% in the 3rd quarter. Huntington National Bank now owns 2,122 shares of the financial services provider’s stock worth $96,000 after purchasing an additional 226 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of HSBC by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 21,909 shares of the financial services provider’s stock valued at $990,000 after purchasing an additional 235 shares in the last quarter. Abel Hall LLC lifted its position in shares of HSBC by 4.3% during the third quarter. Abel Hall LLC now owns 6,221 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 257 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its holdings in HSBC by 1.9% in the third quarter. Integrated Wealth Concepts LLC now owns 14,185 shares of the financial services provider’s stock valued at $641,000 after buying an additional 265 shares during the last quarter. 1.48% of the stock is currently 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.