HSBC (NYSE:HSBC) Hits New 52-Week High – Here’s What Happened

Shares of HSBC Holdings plc (NYSE:HSBC) reached a new 52-week high on Monday . The stock traded as high as $48.35 and last traded at $48.35, with a volume of 6383 shares. The stock had previously closed at $47.59.

HSBC Trading Up 1.6 %

The company has a market capitalization of $174.13 billion, a P/E ratio of 7.99 and a beta of 0.56. The business has a fifty day moving average price of $45.65 and a 200 day moving average price of $44.28. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.52.

HSBC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.14%. HSBC’s dividend payout ratio (DPR) is 32.73%.

Institutional Trading of HSBC

A number of institutional investors have recently modified their holdings of HSBC. Larson Financial Group LLC increased its position in shares of HSBC by 138.5% in the third quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 450 shares during the last quarter. Family Firm Inc. acquired a new stake in shares of HSBC in the second quarter valued at about $36,000. Ridgewood Investments LLC acquired a new stake in shares of HSBC in the second quarter valued at about $47,000. Fifth Third Bancorp increased its position in shares of HSBC by 128.4% in the second quarter. Fifth Third Bancorp now owns 1,361 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 765 shares during the last quarter. Finally, Allworth Financial LP increased its position in shares of HSBC by 40.9% in the third quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 397 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors.

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.