HSBC (NYSE:HSBC) Hits New 1-Year High at $45.46

Shares of HSBC Holdings plc (NYSE:HSBC) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $45.46 and last traded at $45.44, with a volume of 1367656 shares. The stock had previously closed at $43.53.

HSBC Stock Up 3.7 %

The firm has a market capitalization of $169.32 billion, a P/E ratio of 7.78, a PEG ratio of 1.03 and a beta of 0.58. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a 50 day moving average of $43.75 and a 200-day moving average of $41.52.

HSBC (NYSE:HSBC) last posted its earnings results on Tuesday, April 30th. The financial services provider reported $1.70 EPS for the quarter. The business had revenue of $20.75 billion during the quarter. HSBC had a return on equity of 10.80% and a net margin of 16.13%. Research analysts predict that HSBC Holdings plc will post 6.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On HSBC

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in HSBC by 3.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,621,349 shares of the financial services provider’s stock valued at $471,129,000 after buying an additional 376,641 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of HSBC by 2.6% in the 2nd quarter. Raymond James & Associates now owns 361,416 shares of the financial services provider’s stock worth $15,722,000 after purchasing an additional 9,323 shares during the period. QRG Capital Management Inc. grew its position in shares of HSBC by 19.0% during the 2nd quarter. QRG Capital Management Inc. now owns 302,994 shares of the financial services provider’s stock worth $13,180,000 after buying an additional 48,366 shares in the last quarter. Meritage Portfolio Management increased its holdings in shares of HSBC by 6.9% in the 4th quarter. Meritage Portfolio Management now owns 247,629 shares of the financial services provider’s stock valued at $10,039,000 after acquiring an additional 16,015 shares during the period. Finally, CWM LLC lifted its position in shares of HSBC by 3,518.2% during the fourth quarter. CWM LLC now owns 177,835 shares of the financial services provider’s stock valued at $7,209,000 after buying an additional 172,920 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.