HSBC Holdings plc (NYSE:HSBC - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $49.95 and last traded at $49.76, with a volume of 209550 shares trading hands. The stock had previously closed at $49.35.
HSBC Stock Performance
The firm has a market capitalization of $180.11 billion, a PE ratio of 8.26 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 business's fifty day simple moving average is $47.73 and its 200-day simple moving average is $45.21.
HSBC Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 8th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend was Friday, November 8th. HSBC's payout ratio is currently 32.73%.
Institutional Investors Weigh In On HSBC
Several large investors have recently made changes to their positions in HSBC. Larson Financial Group LLC increased 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 acquiring an additional 450 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of HSBC in the 4th quarter worth about $49,000. Allworth Financial LP raised its position in shares of HSBC by 40.9% during the 3rd quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider's stock valued at $62,000 after buying an additional 397 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of HSBC by 116.2% in the 4th quarter. Versant Capital Management Inc now owns 1,498 shares of the financial services provider's stock valued at $74,000 after acquiring an additional 805 shares during the last quarter. Finally, Addison Advisors LLC increased its stake in HSBC by 33.1% during the third quarter. Addison Advisors LLC now owns 1,940 shares of the financial services provider's stock worth $88,000 after acquiring an additional 482 shares during the last quarter. 1.48% of the stock is owned by institutional investors.
HSBC Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider HSBC, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and HSBC wasn't on the list.
While HSBC currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for January 2025. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
