HSBC (NYSE:HSBC) Reaches New 12-Month High – Time to Buy?

HSBC Holdings plc (NYSE:HSBC) hit a new 52-week high on Monday . The stock traded as high as $48.35 and last traded at $48.35, with a volume of 6383 shares traded. The stock had previously closed at $47.59.

HSBC Stock Up 0.2 %

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 $173.07 billion, a price-to-earnings ratio of 7.94 and a beta of 0.56. The firm has a 50-day moving average price of $45.70 and a two-hundred day moving average price of $44.31.

HSBC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 8th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.16%. The ex-dividend date is Friday, November 8th. HSBC’s dividend payout ratio (DPR) is 32.73%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its position in HSBC by 138.5% during the third quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock worth $35,000 after buying an additional 450 shares during the period. Family Firm Inc. acquired a new position in HSBC during the second quarter worth approximately $36,000. Ridgewood Investments LLC acquired a new position in HSBC during the second quarter worth approximately $47,000. Fifth Third Bancorp increased its position in HSBC by 128.4% during the second quarter. Fifth Third Bancorp now owns 1,361 shares of the financial services provider’s stock worth $59,000 after buying an additional 765 shares during the period. Finally, Allworth Financial LP increased its position in 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 buying an additional 397 shares during the period. Institutional investors and hedge funds own 1.48% of the company’s stock.

About HSBC

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.