HSBC Holdings plc (NYSE:HSBC – Get Free Report) declared a quarterly dividend on Tuesday, August 4th. Stockholders of record on Friday, August 14th will be paid a dividend of 0.50 per share by the financial services provider on Friday, September 25th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, August 14th.
HSBC has raised its dividend payment by an average of 0.3%per year over the last three years. HSBC has a payout ratio of 28.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect HSBC to earn $9.72 per share next year, which means the company should continue to be able to cover its $1.98 annual dividend with an expected future payout ratio of 20.4%.
HSBC Trading Down 0.0%
Shares of HSBC stock opened at $103.27 on Wednesday. The business has a 50 day moving average price of $98.09 and a 200 day moving average price of $91.40. The company has a market capitalization of $354.91 billion, a P/E ratio of 14.65, a P/E/G ratio of 0.98 and a beta of 0.57. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.85 and a quick ratio of 0.92. HSBC has a 1 year low of $63.51 and a 1 year high of $107.92.
Institutional Investors Weigh In On HSBC
A number of institutional investors have recently added to or reduced their stakes in HSBC. Transamerica Financial Advisors LLC raised its holdings in shares of HSBC by 287.1% in the 4th quarter. Transamerica Financial Advisors LLC now owns 329 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 244 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in HSBC during the 3rd quarter worth approximately $26,000. Binnacle Investments Inc raised its holdings in HSBC by 80.5% in the third quarter. Binnacle Investments Inc now owns 444 shares of the financial services provider’s stock valued at $32,000 after buying an additional 198 shares during the period. Ballast Advisors LLC acquired a new position in HSBC during the first quarter valued at approximately $36,000. Finally, Western Wealth Management LLC acquired a new stake in shares of HSBC in the first quarter worth $37,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.
HSBC Company Profile
HSBC Holdings plc (NYSE: HSBC) is a multinational banking and financial services organization headquartered in London. It traces its origins to the Hongkong and Shanghai Banking Corporation, founded in 1865 to facilitate trade between Europe and Asia, and has since grown into one of the world’s largest banking groups. The company is publicly listed in multiple markets, including the London Stock Exchange, the Hong Kong Stock Exchange and as an American depositary receipt on the New York Stock Exchange.
HSBC operates a universal banking model, serving retail, commercial, corporate and institutional clients.
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