Aquatic Capital Management LLC Acquires New Position in HSBC Holdings plc (NYSE:HSBC)

Aquatic Capital Management LLC purchased a new stake in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 120,387 shares of the financial services provider's stock, valued at approximately $5,954,000.

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

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of HSBC from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Barclays raised shares of HSBC from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, March 4th. StockNews.com raised shares of HSBC from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th. UBS Group reiterated a "neutral" rating on shares of HSBC in a report on Thursday, March 6th. Finally, Royal Bank of Canada reiterated a "sector perform" rating on shares of HSBC in a report on Monday, February 3rd. Four investment 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 has an average rating of "Moderate Buy".

HSBC Stock Down 2.5 %

Shares of NYSE:HSBC traded down $1.46 during trading on Wednesday, reaching $56.01. The stock had a trading volume of 3,080,654 shares, compared to its average volume of 1,746,872. HSBC Holdings plc has a one year low of $39.42 and a one year high of $61.88. The company has a market capitalization of $199.45 billion, a P/E ratio of 9.03, a PEG ratio of 1.05 and a beta of 0.40. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69. The firm's 50-day simple moving average is $55.39 and its 200 day simple moving average is $51.05.

HSBC (NYSE:HSBC - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.95 earnings per share for the quarter, beating analysts' consensus estimates of $1.60 by $0.35. HSBC had a net margin of 16.17% and a return on equity of 12.20%. The business had revenue of $17.74 billion for the quarter, compared to analysts' expectations of $16.60 billion. As a group, research analysts expect that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Announces Dividend

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