HSBC (NYSE:HSBC) Reaches New 52-Week High – Should You Buy?

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

HSBC Stock Up 0.9 %

The company has a market capitalization of $179.32 billion, a price-to-earnings ratio of 8.23 and a beta of 0.54. 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’s 50-day simple moving average is $47.73 and its 200-day simple moving average is $45.21.

HSBC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 8th were issued a $0.50 dividend. The ex-dividend date was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.02%. HSBC’s dividend payout ratio is 32.73%.

Institutional Trading of HSBC

Institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC boosted its stake in HSBC by 138.5% in the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 450 shares during the period. Allworth Financial LP grew its stake in shares of HSBC by 40.9% in the third quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 397 shares in the last quarter. Versant Capital Management Inc grew its position in HSBC by 116.2% during the fourth 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 in the last quarter. Addison Advisors LLC increased its holdings in HSBC by 33.1% in the 3rd quarter. Addison Advisors LLC now owns 1,940 shares of the financial services provider’s stock valued at $88,000 after buying an additional 482 shares during the period. Finally, JCIC Asset Management Inc. grew its position in HSBC by 42.7% in the fourth quarter. JCIC Asset Management Inc. now owns 2,112 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 632 shares during the last quarter. Institutional investors and hedge funds 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.