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 during trading on Monday . The company traded as high as $52.08 and last traded at $51.98, with a volume of 211841 shares traded. The stock had previously closed at $51.29.

HSBC Stock Performance

The stock has a fifty day simple moving average of $48.57 and a 200-day simple moving average of $45.62. The stock has a market cap of $185.69 billion, a P/E ratio of 8.57, a PEG ratio of 1.35 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.

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

HSBC Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Bank of Montreal Can grew its position in shares of HSBC by 124.3% in the third quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider’s stock valued at $7,820,000 after purchasing an additional 94,991 shares during the last quarter. Ritholtz Wealth Management lifted its holdings in shares of HSBC by 12.3% during the fourth quarter. Ritholtz Wealth Management now owns 141,108 shares of the financial services provider’s stock worth $6,979,000 after buying an additional 15,510 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of HSBC by 383.4% in the third quarter. BNP Paribas Financial Markets now owns 93,675 shares of the financial services provider’s stock valued at $4,233,000 after acquiring an additional 74,295 shares in the last quarter. Park Avenue Securities LLC increased its position in HSBC by 18.8% during the fourth quarter. Park Avenue Securities LLC now owns 32,689 shares of the financial services provider’s stock worth $1,617,000 after acquiring an additional 5,182 shares during the period. Finally, Stifel Financial Corp boosted its holdings in HSBC by 40.0% in the 3rd quarter. Stifel Financial Corp now owns 138,127 shares of the financial services provider’s stock valued at $6,242,000 after purchasing an additional 39,465 shares during the period. 1.48% of the stock is currently owned by institutional investors and hedge funds.

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.