HSBC (NYSE:HSBC) Shares Pass Above 50 Day Moving Average – Time to Sell?

HSBC Holdings plc (NYSE:HSBC) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $100.31 and traded as high as $104.63. HSBC shares last traded at $104.0480, with a volume of 1,354,250 shares.

Analyst Ratings Changes

Several analysts recently commented on HSBC shares. Zacks Research cut HSBC from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Citigroup cut HSBC from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Erste Group Bank lowered HSBC from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of HSBC in a report on Monday, August 17th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of HSBC in a research note on Tuesday, June 23rd. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

HSBC Trading Down 0.6%

The stock has a market capitalization of $356.49 billion, a P/E ratio of 14.71, a price-to-earnings-growth ratio of 0.99 and a beta of 0.57. The business has a 50 day simple moving average of $100.51 and a 200-day simple moving average of $92.54. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.92 and a current ratio of 0.85.

HSBC (NYSE:HSBC) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.01. HSBC had a return on equity of 13.80% and a net margin of 18.19%.The company had revenue of $19.04 billion for the quarter, compared to the consensus estimate of $18.66 billion. On average, analysts predict that HSBC Holdings plc will post 8.57 EPS for the current year.

HSBC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, August 14th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, August 14th. This represents a $2.00 annualized dividend and a dividend yield of 1.9%. HSBC’s dividend payout ratio (DPR) is 28.09%.

Institutional Trading of HSBC

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sivia Capital Partners LLC boosted its holdings in shares of HSBC by 19.0% in the second quarter. Sivia Capital Partners LLC now owns 11,896 shares of the financial services provider’s stock worth $723,000 after buying an additional 1,899 shares during the period. Invesco Ltd. boosted its stake in HSBC by 22.5% in the 2nd quarter. Invesco Ltd. now owns 7,052 shares of the financial services provider’s stock worth $429,000 after purchasing an additional 1,295 shares during the period. Jump Financial LLC purchased a new position in HSBC during the 2nd quarter worth approximately $221,000. Cerity Partners LLC raised its stake in HSBC by 3.1% during the 2nd quarter. Cerity Partners LLC now owns 98,708 shares of the financial services provider’s stock valued at $6,000,000 after purchasing an additional 2,940 shares during the period. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of HSBC by 36.7% in the second quarter. Qube Research & Technologies Ltd now owns 365,570 shares of the financial services provider’s stock valued at $22,223,000 after purchasing an additional 98,048 shares in the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

About HSBC

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.