HSBC (NYSE:HSBC) Hits New 1-Year High at $44.23

HSBC Holdings plc (NYSE:HSBC - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $44.23 and last traded at $44.17, with a volume of 889991 shares trading hands. The stock had previously closed at $42.18.

Analyst Ratings Changes

HSBC has been the topic of a number of analyst reports. Barclays reissued an "equal weight" rating on shares of HSBC in a research note on Wednesday, March 27th. BNP Paribas cut shares of HSBC from a "neutral" rating to an "underperform" rating in a research note on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, HSBC has an average rating of "Hold" and an average price target of $811.00.

HSBC Price Performance

The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $164.90 billion, a price-to-earnings ratio of 7.65, a PEG ratio of 0.99 and a beta of 0.63. The stock has a fifty day moving average of $39.61 and a two-hundred day moving average of $39.16.

HSBC (NYSE:HSBC - Get Free Report) last announced its earnings results on Wednesday, February 21st. The financial services provider reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.90 by ($0.33). HSBC had a net margin of 19.02% and a return on equity of 12.89%. The business had revenue of $13.02 billion during the quarter. As a group, equities research analysts forecast that HSBC Holdings plc will post 7.24 earnings per share for the current year.

HSBC Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Friday, March 8th were issued a dividend of $1.55 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $6.20 dividend on an annualized basis and a yield of 14.22%. This is a positive change from HSBC's previous quarterly dividend of $0.50. HSBC's dividend payout ratio is currently 108.42%.

Institutional Investors Weigh In On HSBC

A number of hedge funds have recently added to or reduced their stakes in the stock. Milestone Investment Advisors LLC bought a new position in shares of HSBC in the 3rd quarter valued at about $26,000. Richardson Financial Services Inc. bought a new position in shares of HSBC in the 4th quarter valued at about $27,000. Assetmark Inc. acquired a new stake in shares of HSBC during the third quarter worth $30,000. Rise Advisors LLC bought a new stake in HSBC in the first quarter valued at about $34,000. Finally, Addison Advisors LLC lifted its stake in HSBC by 74.8% in the fourth quarter. Addison Advisors LLC now owns 895 shares of the financial services provider's stock valued at $36,000 after buying an additional 383 shares during the period. 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.