Aquatic Capital Management LLC Takes $5.95 Million Position in HSBC Holdings plc (NYSE:HSBC)

Aquatic Capital Management LLC acquired a new position in HSBC Holdings plc (NYSE:HSBC) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 120,387 shares of the financial services provider’s stock, valued at approximately $5,954,000.

A number of other institutional investors have also recently bought and sold shares of HSBC. FMR LLC boosted its holdings in shares of HSBC by 18.1% during the fourth quarter. FMR LLC now owns 2,883,238 shares of the financial services provider’s stock worth $142,605,000 after purchasing an additional 441,033 shares during the period. Raymond James Financial Inc. purchased a new position in HSBC in the fourth quarter valued at about $17,815,000. Contrarian Capital Management L.L.C. acquired a new position in HSBC in the 4th quarter worth about $11,914,000. Bank of New York Mellon Corp raised its stake in shares of HSBC by 135.6% during the 4th quarter. Bank of New York Mellon Corp now owns 347,565 shares of the financial services provider’s stock worth $17,191,000 after purchasing an additional 200,054 shares in the last quarter. Finally, Janney Capital Management LLC acquired a new stake in shares of HSBC during the 4th quarter valued at about $9,306,000. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft cut shares of HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Barclays upgraded shares of HSBC from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. UBS Group restated a “neutral” rating on shares of HSBC in a report on Thursday, March 6th. Royal Bank of Canada reiterated a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd. Finally, StockNews.com upgraded HSBC from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, HSBC presently has a consensus rating of “Moderate Buy”.

HSBC Trading Up 0.6 %

Shares of NYSE:HSBC opened at $56.05 on Friday. HSBC Holdings plc has a 52-week low of $39.42 and a 52-week high of $61.88. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88. The company has a market cap of $199.59 billion, a P/E ratio of 9.04, a P/E/G ratio of 1.05 and a beta of 0.40. The stock’s 50-day moving average is $55.37 and its 200-day moving average is $50.88.

HSBC (NYSE:HSBC) last issued its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.41 by $0.04. The company had revenue of $11.56 billion for the quarter, compared to the consensus estimate 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, March 7th were given a $1.80 dividend. The ex-dividend date was Friday, March 7th. This represents a $7.20 annualized dividend and a yield of 12.85%. HSBC’s dividend payout ratio is 115.81%.

About HSBC

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.