HSBC (NYSE:HSBC) Hits New 12-Month High - Should You Buy?

HSBC Holdings plc (NYSE:HSBC - Get Free Report)'s share price hit a new 52-week high on Monday . The stock traded as high as $61.33 and last traded at $60.97, with a volume of 390203 shares. The stock had previously closed at $59.91.

Analyst Ratings Changes

HSBC has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of HSBC in a research note on Monday, February 3rd. Barclays raised shares of HSBC from an "equal weight" rating to an "overweight" rating in a research note on Tuesday. StockNews.com cut shares of HSBC from a "hold" rating to a "sell" rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft cut shares of HSBC from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold".

HSBC Price Performance

The company's 50 day moving average price is $52.92 and its 200 day moving average price is $48.09. The firm has a market capitalization of $219.61 billion, a P/E ratio of 9.93, a PEG ratio of 1.05 and a beta of 0.51. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.96.

HSBC (NYSE:HSBC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.04. The business had revenue of $11.56 billion for the quarter, compared to analyst estimates of $13.79 billion. HSBC had a net margin of 16.17% and a return on equity of 12.20%. As a group, sell-side analysts anticipate that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be issued a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 11.70%. HSBC's payout ratio is 115.81%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Berbice Capital Management LLC bought a new position in HSBC in the fourth quarter valued at $25,000. Venturi Wealth Management LLC raised its position in shares of HSBC by 58.2% in the 4th quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider's stock valued at $28,000 after buying an additional 210 shares in the last quarter. CoreCap Advisors LLC raised its position in shares of HSBC by 342.9% in the 4th quarter. CoreCap Advisors LLC now owns 589 shares of the financial services provider's stock valued at $29,000 after buying an additional 456 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of HSBC during the 4th quarter valued at approximately $30,000. Finally, Larson Financial Group LLC grew its holdings in shares of HSBC by 138.5% during the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 450 shares during the last quarter. Institutional investors 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.