HSBC Sees Unusually Large Options Volume (NYSE:HSBC)

HSBC Holdings plc (NYSE:HSBCGet Free Report) was the target of unusually large options trading activity on Monday. Stock investors bought 13,451 call options on the company. This is an increase of approximately 202% compared to the typical daily volume of 4,460 call options.

HSBC Trading Up 1.3 %

Shares of HSBC stock opened at $44.07 on Tuesday. The stock has a 50 day simple moving average of $43.57 and a 200-day simple moving average of $40.85. HSBC has a 1-year low of $35.30 and a 1-year high of $45.46. The company has a market cap of $165.28 billion, a price-to-earnings ratio of 7.60, a PEG ratio of 1.06 and a beta of 0.58. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.96 and a quick ratio of 0.96.

HSBC (NYSE:HSBCGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter. The business had revenue of $20.75 billion for the quarter. HSBC had a net margin of 16.13% and a return on equity of 10.80%. On average, equities research analysts expect that HSBC will post 6.35 EPS for the current fiscal year.

HSBC Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, May 10th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend was Thursday, May 9th. HSBC’s payout ratio is 34.14%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its stake in shares of HSBC by 108.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the financial services provider’s stock worth $75,000 after buying an additional 889 shares in the last quarter. Raelipskie Partnership boosted its holdings in shares of HSBC by 3.6% during the 1st quarter. Raelipskie Partnership now owns 32,686 shares of the financial services provider’s stock worth $1,287,000 after purchasing an additional 1,133 shares during the last quarter. Orleans Capital Management Corp LA increased its holdings in shares of HSBC by 9.0% in the first quarter. Orleans Capital Management Corp LA now owns 29,105 shares of the financial services provider’s stock valued at $1,146,000 after purchasing an additional 2,400 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of HSBC in the 1st quarter worth $275,000. Finally, Stamos Capital Partners L.P. raised its holdings in shares of HSBC by 884.1% during the 1st quarter. Stamos Capital Partners L.P. now owns 125,970 shares of the financial services provider’s stock worth $4,958,000 after acquiring an additional 113,170 shares during the period. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Barclays restated an “equal weight” rating on shares of HSBC in a research report on Wednesday, March 27th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $761.75.

Get Our Latest Analysis on HSBC

About HSBC

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for HSBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC and related companies with MarketBeat.com's FREE daily email newsletter.