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

Shares of HSBC Holdings plc (NYSE:HSBC) reached a new 52-week high during trading on Monday . The company traded as high as $48.79 and last traded at $48.79, with a volume of 18026 shares. The stock had previously closed at $48.60.

HSBC Trading Up 0.1 %

The firm has a market capitalization of $175.35 billion, a price-to-earnings ratio of 8.03 and a beta of 0.56. 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 business has a fifty day moving average price of $45.96 and a 200 day moving average price of $44.43.

HSBC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 8th will be issued a $0.50 dividend. The ex-dividend date is Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 4.11%. HSBC’s dividend payout ratio is currently 32.73%.

Institutional Trading of HSBC

Several large investors have recently added to or reduced their stakes in the stock. Mediolanum International Funds Ltd acquired a new stake in HSBC in the 3rd quarter valued at $139,895,000. FMR LLC boosted its position in HSBC by 44.3% in the 3rd quarter. FMR LLC now owns 2,442,205 shares of the financial services provider’s stock valued at $110,363,000 after buying an additional 749,759 shares during the last quarter. American Century Companies Inc. boosted its position in HSBC by 4.6% in the 2nd quarter. American Century Companies Inc. now owns 850,842 shares of the financial services provider’s stock valued at $37,012,000 after buying an additional 37,781 shares during the last quarter. Crossmark Global Holdings Inc. boosted its position in HSBC by 15.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 500,547 shares of the financial services provider’s stock valued at $22,620,000 after buying an additional 67,941 shares during the last quarter. Finally, Natixis Advisors LLC boosted its position in HSBC by 22.1% in the 2nd quarter. Natixis Advisors LLC now owns 413,789 shares of the financial services provider’s stock valued at $18,000,000 after buying an additional 74,980 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors and hedge funds.

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.