HSBC (NYSE:HSBC) Sees Unusually-High Trading Volume – What’s Next?

HSBC Holdings plc (NYSE:HSBC) saw strong trading volume on Wednesday . 4,389,847 shares were traded during mid-day trading, an increase of 157% from the previous session’s volume of 1,707,540 shares.The stock last traded at $58.15 and had previously closed at $57.77.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HSBC shares. Deutsche Bank Aktiengesellschaft cut HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of HSBC in a research report on Monday, February 3rd.

HSBC Price Performance

The stock’s 50-day moving average price is $51.58 and its 200 day moving average price is $47.39. The company has a quick ratio of 0.96, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. The firm has a market cap of $208.40 billion, a price-to-earnings ratio of 9.38, a price-to-earnings-growth ratio of 1.05 and a beta of 0.54.

HSBC (NYSE:HSBC) last announced its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.41 by $0.04. The business had revenue of $11.56 billion for the quarter, compared to analyst estimates of $13.79 billion. HSBC had a return on equity of 12.20% and a net margin of 16.17%. Equities research analysts predict that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 7th will be given a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 12.37%. HSBC’s payout ratio is 115.81%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Berbice Capital Management LLC bought a new position in shares of HSBC in the 4th quarter valued at about $25,000. Venturi Wealth Management LLC boosted its stake in HSBC by 58.2% during the 4th quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 210 shares during the last quarter. CoreCap Advisors LLC boosted its position in shares of HSBC by 342.9% during the fourth quarter. CoreCap Advisors LLC now owns 589 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 456 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in HSBC during the 4th quarter worth $30,000. Finally, Larson Financial Group LLC raised its position in shares of HSBC by 138.5% during 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. 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.