HSBC (NYSE:HSBC) Hits New 1-Year High - Time to Buy?

HSBC Holdings plc (NYSE:HSBC - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $57.62 and last traded at $57.65, with a volume of 101984 shares. The stock had previously closed at $55.70.

Wall Street Analyst Weigh In

HSBC has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft downgraded HSBC from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Royal Bank of Canada reissued a "sector perform" rating on shares of HSBC in a research note on Monday, February 3rd.

HSBC Stock Performance

The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88. The firm has a 50 day moving average of $52.22 and a 200-day moving average of $47.67. The stock has a market capitalization of $214.49 billion, a PE ratio of 9.66, a P/E/G ratio of 1.05 and a beta of 0.54.

HSBC (NYSE:HSBC - Get Free Report) last issued its earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.04. HSBC had a return on equity of 12.20% and a net margin of 16.17%. The company had revenue of $11.56 billion for the quarter, compared to analyst estimates of $13.79 billion. Research analysts forecast that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 7th will be given a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 12.02%. The ex-dividend date is Friday, March 7th. HSBC's payout ratio is currently 115.81%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Seven Mile Advisory increased its position in HSBC by 3.6% in the 4th quarter. Seven Mile Advisory now owns 5,405 shares of the financial services provider's stock worth $267,000 after purchasing an additional 190 shares during the last quarter. GeoWealth Management LLC increased its holdings in shares of HSBC by 6.7% during the 4th quarter. GeoWealth Management LLC now owns 3,279 shares of the financial services provider's stock valued at $162,000 after acquiring an additional 205 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of HSBC by 58.2% during the 4th quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 210 shares during the last quarter. Huntington National Bank increased its holdings in shares of HSBC by 11.9% during the 3rd quarter. Huntington National Bank now owns 2,122 shares of the financial services provider's stock valued at $96,000 after acquiring an additional 226 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of HSBC by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 21,909 shares of the financial services provider's stock valued at $990,000 after acquiring an additional 235 shares during the last quarter. 1.48% of the stock is 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.