HSBC (NYSE:HSBC) Sets New 1-Year High – Here’s Why

HSBC Holdings plc (NYSE:HSBC)’s stock price hit a new 52-week high on Monday . The company traded as high as $52.08 and last traded at $51.98, with a volume of 211841 shares trading hands. The stock had previously closed at $51.29.

HSBC Stock Down 0.3 %

The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. The firm has a market cap of $186.09 billion, a P/E ratio of 8.59, a price-to-earnings-growth ratio of 1.35 and a beta of 0.54. The firm’s 50 day moving average is $48.68 and its two-hundred day moving average is $45.68.

HSBC (NYSE:HSBC) last released its earnings results on Tuesday, October 29th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter. HSBC had a return on equity of 10.71% and a net margin of 15.70%. The firm had revenue of $36.62 billion during the quarter. During the same quarter last year, the company posted $1.45 EPS. As a group, research analysts anticipate that HSBC Holdings plc will post 6.67 EPS for the current fiscal year.

Institutional Investors Weigh In On HSBC

Hedge funds have recently bought and sold shares of the company. Berbice Capital Management LLC acquired a new stake in HSBC during the fourth quarter worth approximately $25,000. 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 worth $35,000 after purchasing an additional 450 shares during the period. Brooklyn Investment Group acquired a new position in HSBC in the fourth quarter valued at about $49,000. Allworth Financial LP grew its stake in HSBC by 40.9% during the third quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider’s stock worth $62,000 after buying an additional 397 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in 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 buying an additional 805 shares during the period. 1.48% of the stock is currently 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.